Tax Rebates & Refunds

The debating is over – what do the parties actually say?

April 30, 2010
Posted in Income Tax, Other Tax — Written by The Entitlements Agency — Comments (2)

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, [...]

Will you be better or worse off after the General Election?

April 19, 2010
Posted in Income Tax — Written by The Entitlements Agency — Comments (0)

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 [...]

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 [...]

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