We do our best to discourage one-off, taxable withdrawals from pensions. If you have to pay tax,...
Tax
“Labour to slash tax reliefs and hit wealthy in pursuit of balanced UK budget”
I reckon there are far more gig economy and newly or casual self-employed workers, who want to do...
“Labour plans to raise £500m by closing fund managers’ tax loophole”
All very worthy, tax the rich, private equity capitalists, don’t fleece hard-working-families by...
“National Insurance hiked to pay for social care reforms”
The problem is that National Insurance has become, over the years, just another form of income...
“Zanzibar lures the world with new tax and residency scheme”
Zanzibar is not, of course, a member of the G7, or even the G20, so doesn’t have to worry about...
“Gary Lineker fights HMRC over £5m IR35 bill”
HMRC are not, in this case, targeting low-hanging fruit, but have gone to the top of the tree, as...
“Not such a taxing day, after all”
Tuesday was Tax Day, a new concept to me. It’s neither, apparently, another Budget nor an autumn...
“Ed Sheeran puts a song in taxman’s heart with £28m contribution”
Hearing about Ed Sheeran’s (parents etc.) £28m tax bill may have made you grind your teeth a...
“Sunak shuns wealth tax with CGT hike considered”
It’s Budget Day on 3rd March, and, as always, various ideas are trailed/run up the flagpole/ along...
“One-off 5% wealth tax would raise £260bn to pay off Covid deficit“
Hmm, this one seems to be gaining some traction (to use an expression you never hear outside a...
“CGT: Rate should double, says government review”
With the amount of noise there’s been about it, I’d say a big overhaul of CGT is pretty much a...
“Britain faces £40bn a year tax rises to stop debt spiralling“
When I started work, basic rate tax was 33%, higher rate 60%. We thought Maggie’s cut to 30% was a...
“IR35 reform gets green light for April 2021”
There’s much speculation about ‘how we’re going to pay for all this’. You can bet HMRC are going...
“Govt caves in to IR35 delay amid Covid-19 crisis”
We’re all scrambling around for silver linings (think of all the books we can read/box sets we can...
“MPs call for inheritance tax to be cut in radical overhaul”
‘Radical overhauls’ of various bits of the tax rules are proposed as often as their...