MPs call for delay in tax rises
A group of northern Tory MPs have urged Chancellor Rishi Sunak to not raise taxes in this current parliament, according...
Saturday, November 28, 2020
Tax
CIOT appoints Gary Ashford as new VP
Gary Ashford has been appointed to serve as the new vice president of the Chartered Institute of Taxation (CIOT), as...
Research finds 83% businesses hope to freeze corporate tax rises
83% of Owner Managed Businesses (OMBs) want the government to freeze corporate tax increases until the economy has fully recovered,...
Wales reports £300m in tax revenue
Wales has raised over £300m in tax revenue, according to statistics from the Welsh Revenue Authority’s (WRA) report and accounts...
Taxes may rise to £40bn to stop ‘debt spiralling upwards’, warns IFS
The UK may need to raise an extra £40bn in a year in taxes just to stop "debt spiralling upwards"....
OECD drafts $100bn digital taxation ‘blueprints’
The OECD has drafted a set of technical principles which could raise $100bn (£76bn) in global tax revenues from ‘big...
Taxpayers face losses of £26m due to BBLS fraud
Taxpayers are facing losses of up to £26m on coronavirus Bounce Back Loans (BBL) as a result of fraud and...
‘Stockbroker Belt’ has biggest income tax bills
The ‘Stockbroker Belt’ has dominated the UK’s top towns with the biggest income tax bills according to UHY Hacker Young....
McGills urges businesses to use AIA relief before deadline
McGills Chartered Accountants has urged companies to “take advantage” of the Annual Investment Allowance (AIA) before the allowance is scaled...
Insolvent companies cost taxpayers £250m
Insolvent companies that were unable to pay their debts in the first six months of 2020 have cost British taxpayers...
