The IPPR has released its proposal as John Healey, the Chancellor, seeks to raise funds for his Budget on Oct 28. The report is likely to carry influence in Westminster owing to the close ties between the think tank and Mr Burnham’s political allies. Its alumni include James Purnell, Mr Burnham’s chief of staff, Miatta
The IPPR has released its proposal as John Healey, the Chancellor, seeks to raise funds for his Budget on Oct 28. The report is likely to carry influence in Westminster owing to the close ties between the think tank and Mr Burnham’s political allies. Its alumni include James Purnell, Mr Burnham’s chief of staff, Miatta
New analysis also suggests more than 700,000 people are now caught by the effective 60 per cent tax rate on earnings over £100,000. Mansion tax and private jet levy to be introduced in Scotland Millions more people are paying higher rates of income tax compared with the start of the century, according to new analysis
My estate is going to exceed the available inheritance tax allowances, partly due to my pension pot. I’m aware that from 6 April 2027, money left in the pension will form part of my estate when calculating the inheritance tax due. If the money in the pension pot is used to pay inheritance tax, will
Live in a house that could be worth £2,000,000? No? Then don’t worry. Yes? Well, the HRMC valuation agents could soon be knocking on your door. There are set be hefty fines handed out if you refuse to open it, as well. Already dubbed the ‘council tax police’ by critics, agents are set to be
More than 800,000 sole traders and landlords faced their first Making Tax Digital (MTD) deadline on Friday 7 August – and nearly half may have missed it. Since April 2026, sole traders and landlords with a qualifying income of more than £50,000 have been required to follow new digital reporting rules for income tax. This
You must take action if you get a particular letter from HMRC You could get a letter from HMRC(Image: Getty) HMRC has set out some key dates about when customers can expect to get a tax refund. The group has also shared some guidance about letters going out to taxpayers. The back payments issue was
Nimesh Shah, of accountancy firm Blick Rothenberg, said: “It might be a complete coincidence, but leaving in March 2020 just at the end of the old tax year, and coming back this year. That’s a beautiful period for tax purposes.” He said: “From my perspective, you wouldn’t advise it any better than that. It’s the
HMRC is urging anyone who receives a “simple assessment” letter in the coming weeks and months to check the details carefully and make sure any tax owed is paid by the deadline. The letters, known officially as PA302, are sent to people who have tax to pay on income that has not already been collected
Tax advisers affected by the latest phase of the new mandatory registration scheme have until November 18 to sign up with HMRC. Mansion tax and private jet levy to be introduced in Scotland HM Revenue and Customs (HMRC) has issued a new warning to tax advisers as the second phase of mandatory registration rules gets