Tax Rebates & Refunds

Labour manifesto promises “no rise in income tax”

April 12, 2010
Posted in Income Tax — Written by The Entitlements Agency — Comments (0)

Labour’s manifesto for the General Election promises they will not increase income tax should they retain power – but they make no such guarantee for Value Added Tax (VAT).
It’s hard to see how they could even contemplate yet another rise in income tax and hope to win the election so that’s hardly a surprise, but [...]

Tax break for married couples promised by Conservatives

April 12, 2010
Posted in Income Tax — Written by The Entitlements Agency — Comments (1)

Conservative leader David Cameron has promised an income tax break for married couples should his party win the General Election.
Under his proposed scheme, a spouse not using all their personal tax allowance, either due to not working or earning less than £6,600, can transfer up to £750 of their allowance to their partner – as [...]

Report warns against VAT rise – could mean higher income tax instead!

March 22, 2010
Posted in Income Tax — Written by The Entitlements Agency — Comments (0)

Think-tank Policy Exchange, favoured by Conservative leader David Cameron, has warned that a rise in VAT would be bad for the economy and the country.
While many believe that raising VAT would be a safer option than raising income tax, the think-tank report suggests that it would stem growth and employment.
This could mean that should the [...]

Income Tax to rise…or not?

March 16, 2010
Posted in Income Tax — Written by The Entitlements Agency — Comments (0)

Opinion is divided over whether or not Chancellor Alistair Darling will raise Income Tax in the last Budget before the General Election.
There is concern about the huge gap between the 50% tax rate for those earning over £150,000 and the current 18% Capital Gains Tax rate, which is causing some to convert income into capital, [...]

Income Tax issues in run up to Budget and General Election

March 15, 2010
Posted in Income Tax — Written by The Entitlements Agency — Comments (0)

As things heat up on the campaign trail in the run up to the General Election in May and Labour prepares for the Budget on March 25th, income tax – indeed tax in general – is a key talking point.
Many commentators are predicting an ongoing rise in tax to battle the UK’s massive deficit and [...]

« Newer Posts