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As I was hurrying through Manchester late last year, on my way to meet my son Tom for lunch in that all-too-brief period between lockdowns, my mobile phone rang in my pocket. A voice said: ‘Is that Felicity Everett? This is Robert Walker from the HMRC Collections office, and we need to speak to you … Read more
Months of lockdown, restricted trading and money spent on anti-Covid-19 measures mean that thousands of small business owners are at breaking point. But for many, next Sunday’s tax payment deadline could be the final straw. While revenues have collapsed as a result of ten months of zero or little money coming in, costs such as … Read more
Taxpayers are facing a headache like never before as pandemic pandemonium means millions could miss the tax return deadline this year. More than 12 million people are due to file their self-assessment tax returns online by the end of the month. But with millions still yet to file, accountants are warning that long waiting times … Read more
Rishi Sunak is facing a Tory backlash amid claims he wants to hike corporation tax in the March Budget. The Chancellor is desperately seeking ways to restore the public finances after they were hammered by coronavirus, with fears borrowing will top £400billion this year. Grim forecasts suggest the economy is on track for a double-dip … Read more
The pandemic has left a chasm in the national finances, and it rests on the slender shoulders of Rishi Sunak to ensure our Covid debts are not insupportable. But he should resist siren calls to attempt this through tax grabs on property and other wealth. If the Chancellor is as astute as I believe him … Read more
Ministers ‘consider plans to replace council tax and stamp duty with property levy’ which would hit Tory Shires hard as Rishi Sunak ‘weighs up hiking corporation tax’ at Budget on March 3 to start paying for Covid crisis Rishi Sunak will deliver Budget on March 3 amid reports he could increase taxes It is thought … Read more
HMRC is still waiting for 4.9million people to file their 2019/20 tax return in time for the 31 January deadline. So far 7.2million people have completed their self-assessment form, and HMRC said it expected the total figure to reach 12.1million. If you file after the deadline, you will receive an automatic fine of £100. Last … Read more
Rishi Sunak rejects wealth tax: Chancellor WON’T bring in a one-off levy to cover the £280billion spent fighting coronavirus Rishi Sunak rejected proposal for emergency wealth tax to recover £280billion Presented with plans for one-off levy on those with assets more than £500,000 or more £1million for a couple including their family home and pension Told … Read more
Rishi Sunak rejects wealth tax: Chancellor WON’T bring in a one-off levy to cover the £280billion spent fighting coronavirus Rishi Sunak rejected proposal for emergency wealth tax to recover £280billion Presented with plans for one-off levy on those with assets more than £500,000 or more £1million for a couple including their family home and pension Told … Read more
ALEX BRUMMER: Economy will remain under restrictions until Easter, but quicker it is brought back, faster tax revenues will flow back to Exchequer The damage to output turns out to be far less than most forecasters predicted Chancellor Rishi Sunak should avoid a Covid measures cliff-edge on March 31 The expensive furlough scheme, the VAT … Read more