Fears grow about tax attack on pensions
Fears are growing that 4m high earners’ pension tax relief will fall victim to political horse-trading within the Coalition Government, as first flagged up in this space last week. Now the Financial...
View ArticleWhere high earners can still get 98pc tax relief and guaranteed gains
While the squeezed middle are targeted by HM Revenue & Customs (HMRC), high earners can still get 98pc tax relief and guaranteed gains from a relatively new and little-known shelter intended to...
View ArticleAutumn Statement: not yet radical enough
First impressions of George Osborne's Autumn Statement were relatively favourable. Admittedly the Chancellor has had to concede he won't meet his fiscal rule of reducing debt as a proportion of GDP by...
View ArticleSqueezed middle parents’ pips squeak as rich and poor escape tax grab
If there ever was any doubt that the squeezed middle will bear the brunt of Chancellor George Osborne’s tax changes next year, then these graphs from accountants Smith & Williamson should dispel...
View ArticleMansion tax could boost 70,000 homeowners’ tax bills by £100,000 a year each
Mansion tax proposals by Labour could boost 70,000 homeowners’ tax bills by £100,000 a year each, accountants calculate. They also pointed out practical problems with Labour’s plan to use the extra...
View ArticleHomeowners who let to holidaymakers face massive tax attack
Thousands of holiday homeowners affected by a series of recent tax changes which will affect their income, capital gains and inheritance tax planning could be forgiven for feeling they deserve a break...
View ArticleBudget 2013: Tax receipts hit record high of £1bn per week more than Labour...
Nobody outside Number 11 Downing Street knows what George Osborne has planned for Budget 2013 but new evidence shows how the taxman has already got his arm deeper in our pockets than ever before....
View ArticleBudget 2013: cut tax for people, not corporations
A growing number of people believe that the Chancellor ought to use his Budget to introduce a cut to corporation tax. A group of MPs has written demanding one, Kwasi Kwarteng has spoken of his desire...
View ArticleBudget 2013: beware £5.5bn a year hike in the ‘forgotten tax’
National Insurance Contributions (NICs) – sometimes called the ‘forgotten tax’ - will jump by £5.5bn a year as a result of Budget 2013. That’s the bill for reforming State pensions, which are an...
View ArticleTaxing the rich until the pips squeak
One of the pullout chapters from the clutch of reports the International Monetary Fund has published to coincide with its annual meeting is a faintly odd assessment of the scope for raising taxes...
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