Tax
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Dec- 2020 -7 December
Lower taxes aiding UK tourism, says UHY
The UK is reportedly “doing more” to support its tourism industry than other European countries due to having lower taxes,…
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3 December
Tax rate of UK’s biggest companies at 10-year high pre-Covid
The total tax rate for the UK’s biggest companies was at a 10-year high before Covid-19 struck, according to PwC.…
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2 December
Taxpayers could face increased tax bill in January
Taxpayers could face a tax bill “twice its normal size” next month, due to the previous deferral of a 31…
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Nov- 2020 -30 November
Arcadia collapses into administration, 13,000 jobs at risk
Arcadia Group has collapsed into administration, placing 13,000 jobs at risk.
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30 November
Tax avoidance schemes rise by over a third
The number of people using tax avoidance schemes in the UK has risen by 36% in the last five years,…
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25 November
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…
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20 November
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…
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4 November
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,…
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Oct- 2020 -22 October
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…
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13 October
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”.…
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