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Shoppers could be punished with higher prices on meat and cheese at the supermarket and on gas for their hobs and boilers at home as Boris Johnson ponders new carbon taxes and charges for Britain, it emerged today. The Prime Minister has ordered Whitehall departments to look at how much greenhouse gas emissions produced by … Read more
With just over two months to go until the end of the tax year, AJ Bell’s financial analyst Laith Khalaf outlines some important issues savers and investors should be considering to strengthen their financial position. 1. Use your Isa and pension annual allowances Isas and pensions are a great way to save for the future … Read more
I was interested to read this recent article about how HMRC are requiring people to ‘cough up’ additional amounts of tax based on what is in the majority of cases almost certainly inaccurately inflated estimations of future earnings. In short, it is what has happened in my case, involving a frighteningly large amount based on … Read more
There are many on the Left who think Britain is a low-wage tax haven run for the benefit of the rich. The evidence, however, suggests this could not be further from the truth. A new analysis by the TaxPayers’ Alliance shows the share of GDP extracted by the Government in tax will reach 34.2 per … Read more
More investors are considering start-ups for their potentially strong returns – and a tempting 30 per cent tax break – but the sector says it still needs almost £7billion to reach its potential. The Enterprise Investment Scheme is a government-led scheme that helps younger, businesses raise finance by offering investors generous tax reliefs, including income … Read more
Tax burden ‘is at highest level for SEVENTY YEARS’ amid warnings Rishi Sunak will strangle recovery if he moves to fill black hole in government finances at Budget next month By James Tapsfield Political Editor For Mailonline Published: 08:17 GMT, 1 February 2021 | Updated: 08:17 GMT, 1 February 2021 The tax burden is at … Read more
Families face a £100-plus jump in council tax to pay for social care crisis Council tax bills are set to rise by five per cent in more than half of counties Planned increase puts more pressure on some households already furloughed Extra pressure on bank accounts comes as Boris Johnson fails to fix social care … Read more
Rishi Sunak is said to be targeting business tax rises to pay for the massive level of public spending during the pandemic – amid warnings that the economy could take a decade to recover. The Chancellor is mulling increases to capital gains tax – paid on shares and other asset sales to bring it into … Read more
Inherited a share of pension pot: Ellie Lacey, 19, pictured with her father Peter Four grandchildren have escaped a costly tax trap after financial giant Fidelity admitted to making an error over an inherited pension pot. The firm wrongly told them they had triggered a little-known tax rule that would have drastically limited their ability … Read more
Tax deadline put back a month: HMRC relaxes rules on tax returns amid fears coronavirus pandemic could lead to late filings and millions of fines HMRC still expects all tax payers to file their returns by Sunday but those who do not file by February 28 will no longer receive a £100 penalty The relaxation … Read more