Politics

Tax | MPs call for simplification of 1,180 tax reliefs

The tax system is becoming more complex with over 1,100 tax reliefs creating more compliance risks, HMRC official tells MPs

18 May 2023

Tax

Tax | Taxpayers told to use HMRC online services by Treasury

The continuing problems with service levels at HMRC can only be resolved by accountants, businesses and tax agents using online instead of phone calls, Treasury minister says

18 May 2023

Tax

HMRC

Politics

Tax | VAT-free shopping could give £4.1bn boost

Top UK retailers have called on the government to reinstate tax-free shopping for overseas tourists, which could add £4.1bn to GDP by 2025

17 May 2023

Tax | Labour criticises Rishi Sunak’s tax affairs

The Labour Party has taken aim at Rishi Sunak and his tax affairs with an advert targeting his wife’s previous non-dom tax status

11 Apr 2023

Tax | Former Chancellor Nigel Lawson dies aged 91

Nigel Lawson, the former Chancellor to Margaret Thatcher from 1983-1989, has died at the age of 91

4 Apr 2023

Tax

Politics

Tax | Shona Robison to be Scottish finance secretary

Humza Yousaf, Scottish first minister, has appointed Shona Robison as deputy first minister and finance secretary, responsible for devolved taxes

29 Mar 2023

Tax

Politics

Tax | Chancellor tells MPs HMRC has 'necessary' funding to tackle fraud

In a hearing before the Treasury Committee, the Chancellor Jeremy Hunt told MPs that HMRC has the amount of funding 'necessary' in tackling tax fraud

29 Mar 2023

Tax | Keir Starmer paid £67k in tax in 2021/22

Labour leader, Keir Starmer has released a breakdown of his taxes showing that he paid a total of £67,033 to HMRC in the last financial year

24 Mar 2023

Tax | Rishi Sunak paid over £400k in UK tax in 2021/22

The prime minister, Rishi Sunak has released a breakdown of his taxes showing that he paid a total of £432,493 in UK tax in 2021/22, with declared earnings reaching £1.9m

23 Mar 2023

Tax | Budget 2023: road tax to increase by 13.4%

Road tax for car drivers is set to rise by 13.4% in line with the retail price index (RPI) from 1 April 2023

17 Mar 2023

Tax

Budget

Politics

Tax | TikTok banned on HMRC devices

Social media app TikTok has been banned on government electronic devices including HMRC phones, but it will be accessible for investigation work

17 Mar 2023

Tax

HMRC

Politics

Tax | Higher rate taxpayers £1k worse off after Budget

Taxpayers will feel ‘continuing pain’ in 2023 as the Budget did little to alleviate the cost of living crisis

16 Mar 2023

Tax | Budget 2023: enterprise management incentive schemes simplified

A number of administrative changes to the enterprise management incentives (EMI) scheme will be introduced in April 2023 to simplify the application process

16 Mar 2023

Tax | Accountants react to ‘bland’ Budget

As the Chancellor set out his plans in the Budget, accountants and auditors reacted with disappointment, specifically at the lack of support for small businesses

16 Mar 2023

Tax | Budget 2023: draught beer boost as wine prices hiked

In the Budget, the Chancellor announced a ‘Brexit pubs guarantee’ to keep the tax on beer and cider up to 11p lower than supermarkets, but wine and spirit prices soar

16 Mar 2023