Five decades of tax rises ahead
The government’s budget watchdog, the Office for Budget Responsibility, says more tax rises are not only on the way but are expected for the next 50 years.
Tax Planning
Setting new taxpayer records
New data from HMRC reveals there are now a record number of people paying higher or additional rate tax in the UK – 6.1 million.
60% income tax reappears
Potential income tax hikes to 60% for some taxpayers are making headlines. Could you be affected?
Uncertainties removed on two key personal taxes
The future of two personal taxes – inheritance and capital gains – has been clarified, with no major changes to be made to either, so now you have no excuse to delay estate and CGT planning.
Focus on tax year-end planning
With Christmas and New Year now over, it’s time to think about tax year-end planning.
The Autumn Budget – taxed and spent
The first Autumn Budget in three years – and the Chancellor’s third in less than 20 months – featured no significant increases in tax, but it’s never too early to start thinking about your year-end tax planning.
Prepare for the new tax year
Now is the time to start planning ahead for the 2021/22 tax year.
Accumulated runs: two tricky hundreds
The pandemic has played havoc with government borrowing and overall debt. The potential knock-on for taxes long term means it may be a good time for judicious tax panning.
An alternative tax
Is it fair that some high earners pay less tax than those on far less income? The Alternative Minimum Tax could address the inequalities and raise revenue for the Treasury.