Income tax revenues hit record high
Despite the state of the nation’s finances, the tax year of 2010-2011 saw the UK income tax take hit a record high of £153 billion says HMRC. The total taken from taxpayers by HMRC over the year was...
View ArticleAbolish income tax on the state pension suggests OTS
The Office for tax Simplification (OTS) has put forward options for simplifying the tax that pensioners face with one being to scrap income tax for the state pension. The latest report from the OTS...
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Nick Clegg's mansion tax is a yawn
Nick Clegg has once again revived his plans for a Mansion Tax to great yawns across the Country. The truth is that the tax will not bring in much money and most likely simply cause millionaires to...
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The rich do not pay all the tax
You would think, after reading all the stuff over the weekend about how the super rich pay a third of the income tax, that the rest of us somehow owed them our gratitude. Especially according to Boris...
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New rules mean UK contractors should work overseas for a full year to be...
• Working abroad for the duration of the tax year means contractors will not pay UK income tax if they return to the UK only for short breaks • Race to agree overseas contracts before new tax year...
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Income tax paid by non-doms hits record high of £6.8billion
• Increase of a fifth on post credit crunch low • Mislabelled tax evaders – importance to economy risks being overlooked The amount of income tax paid by "non-doms" in the last year has hit a record...
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Far Reaching Review of UK Tax by British Public
A Citizens' Jury convened by Britain Thinks for PwC has set out recommendations for reforming the UK tax system. The outcomes were presented to Government yesterday. The Jury of 22 representative...
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Where's the income tax return?
We are constantly told by the government that the UK economy is recovering, if not booming compared to most other countries both inside and outside the European Union and that there are record numbers...
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IoD full analysis of Autumn Statement measures
IoD policy leads respond to individual aspects of the Chancellor's Autumn Statement: On tax reforms, Stephen Herring, Head of Taxation, said: "We welcome the dismantling of the ridiculous and...
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Wage stagnation has increased the deficit by at least £33bn – TUC
The government is collecting £33.4bn less in income tax and national insurance than official forecasts suggested because of the lack of earnings growth in the UK, according to independent analysis in...
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Amount of income tax paid by non-doms reaches £6.6 Bn
• Figures highlight Non-Doms' growing contribution to UK economy • Budget crackdown may encourage some to re-locate UK-based non-doms paid £6.6 billion in income tax in 2013/14, up by 7% from £6.18...
View ArticleEU Freedom of Movement of Workers doesn't work for all!
While our Remainers insist that EU freedom of movement is wonderful for everyone, there are countries in the EU that are suffering because of it. PLEASE WATCH THE VIDEO BELOW: It never fails to amaze...
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