Keir Starmer faced Kemi Badenoch during Prime Minister’s Questions on Wednesday as the leader of the Tories questioned the Labour leader over council tax hikes to fill in the £2.4 billion black…
Tag: tax
Labour’s Budget will cost Sainsbury’s £140 million and lead to higher inflation
Sainsbury’s has said the Autumn Budget has led to the supermarket chain warning they will take a £140 million in costs. The supermarket giant said that last week’s Budget will also lead…
UK R&D tax Budget stagnates over a decade
Financial consultancy specialising in Research & Development (R&D) tax relief, RCK Partners, and the London Business School, have published a Comparative review of the UK’s R&D Tax Relief scheme relative to Other…
UK’s top 100 earners paid £39 million each in income and capital gains and these geese are hissing
The top 100 taxpayers in the UK collectively paid a staggering £3.9 billion of income and capital gains tax in 2022/23, the equivalent of £39 million each. Meanwhile, the UK’s top 1,000…
Government urged to act after four more tax avoidance schemes identified
HMRC has added four more tax avoidance schemes to its list of known avoidance promoters. The update, issued on 5 September, should be welcomed – but instead, it raises questions about HMRC’s anti-avoidance strategy….
Hunt warns Chancellor of ‘shameless attempt’ to ‘lay grounds for tax rises’
The former Tory Chancellor has accused the Labour Chancellor of a “shameless attempt” of preparing the “ground for tax rises.” Jeremy Hunt who looked extremely angry with the Chancellor whilst seated in…
Half of calls missed and 800 years on hold: HMRC performance in 2022/23 ‘not good enough’
The National Audit Office (NAO) has today published a report on HMRC’s “poor” customer service in 2022/23, with average call wait times increasing to 23 minutes, up from 5 minutes in 2018/19….
To revive LSE tax incentives needed for pre-IPO enterprises
To revive the London Stock Exchange, Shadow Chancellor Rachel Reeves must unveil tax incentives for pre-IPO enterprises as she prepares for the general election, says former World Bank Governor Yerbol Orynbayev. The intervention from the former Deputy…
EV road tax warning, how much will you be paying?
Electric vehicle (EV) drivers have been urged to understand the extra road tax charges they’ll soon have to pay. EV insurance experts at Quotezone.co.uk have cleared up the confusion over how much…
A tale of taxation—how Gary is losing millions thanks to a U.S. Steel tax break
In 1906, U.S. Steel founded the city of Gary with its Gary Works operation. Rep. Ragen Hatcher In 1906, the United States Steel Corporation began operations in Gary, Indiana. Gary was founded…