The General Election is finally upon us and it’s your chance to make your voice heard in what direction this country takes over the next five years or more.
With tax, particularly income tax and National Insurance, playing a major role in the decision making process for most voters, it’s worth re-reading each party’s promises and [...]
Tax Rebates & Refunds
It’s Polling Day! Make your voice heard
The debating is over – what do the parties actually say?
Last night saw the final live debate between the three main political party leaders. But what has each party actually said they are going to do with regard to tax – specifically income tax?
Accountants Smith & Williamson have taken a close look and produced this handy summary. If you’re still unsure who to vote for, [...]
Accountancy firms warn of sharp tax rises
Several accountancy firms have warned of sharp tax rises following the General Election – no matter who wins.
The most lucrative income streams for the Government are income tax, National Insurance and Value Added Tax and they are all likely to be used to reduce the massive defecit the country now faces.
Mike Warbuton of Grant Thornton [...]
Will you be better or worse off after the General Election?
There was a very interesting article in The Telegraph on Saturday as they looked at how better or worse off you would be depending on who won the General Election.
Here’s a summary of the figures they came up with. Read the article for a full breakdown of what may happen under Labour, Conservative or a [...]
“No income tax for low earners” – Nick Clegg, Lib Dems
The Liberal Democrats have launched their manifesto for the 2010 General Election, announcing that anyone earning under £10,000 would pay NO income tax under a Lib Dem government.
Liberal Democrat leader Nick Clegg said the huge tax break would be paid for by:
Charging an annual 1% levy on houses worth over £2 million
Halving tax relief on [...]
