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Fears over tax grabs on income and savings are mounting as the Chancellor faces pressure to start balancing the books after the pandemic. Two-thirds of us are worried about tax hikes and almost one in five are concerned their savings will be in the firing line, according to research for Money Mail. And as the … Read more
Burberry hands back millions in tax relief: Fashion giant is first non-essential retailer to repay business rates – piling pressure on other big firms The move will make London-based Burberry the first ‘non-essential’ retailer to hand over tax on business premises forced to close under lockdown rules Until now, only a few firms that have … Read more
Millions will be battered by £2,000 council tax as 25% of areas look at ‘sky-high’ levy to meet the soaring cost of social care A quarter of districts expected to raise council to £2,000 for Band D houses There was not a single area in England above that level three years ago Critics accused town … Read more
Millions will be battered by £2,000 council tax as 25% of areas look at ‘sky-high’ levy to meet the soaring cost of social care A quarter of districts expected to raise council to £2,000 for Band D houses There was not a single area in England above that level three years ago Critics accused town … Read more
My grandparents have kindly offered to pay off a six-figure sum off our mortgage. We are due to remortgage in the coming months and although I’m blown away by their potential act of extreme financial kindness, I worry we will have a tax sting further down the line. Essentially, my grandfather is a successful business … Read more
Rishi Sunak ‘is plotting £6billion stealth tax raid by freezing personal allowances in next month’s Budget’ Chancellor may abandon rises to £12,500 and £50,000 income tax thresholds This could see millions of Britons paying higher tax rate on more of their income Treasury insider working on March 3 Budget described move as ‘quite logical’ By … Read more
Rishi Sunak ‘is plotting £6billion stealth tax raid by freezing personal allowances in next month’s Budget’ Chancellor may abandon rises to £12,500 and £50,000 income tax thresholds This could see millions of Britons paying higher tax rate on more of their income Treasury insider working on March 3 Budget described move as ‘quite logical’ By … Read more
Landfill tax rise of 700% sparks surge in fly-tipping as watchdog urges officials to monitor impact of environmental levies Treasury increased standard rate of landfill tax in real terms from 1998 to 2014 Contributed to 65 per cent fall in waste to landfill, National Audit Office said The NAO said that the move ‘incentivised more … Read more
‘Property levy’ to replace stamp duty and council tax is shelved over fears it could lead to higher bills MPs were told a ‘proportional’ tax based on home values was under review in Jan Government now says there are ‘no plans’ on new form of annual property tax It comes as study found it could … Read more
Carbon tax plan gets binned by Boris Johnson amid fear it would spark a rise in food prices Prime Minister Boris Johnson has dropped plans to introduce a carbon tax The move would have seen prices for meat, cheese and gas rise sharply Whitehall departments had been asked to draw up a ‘price’ for carbon … Read more