Tax Rebates & Refunds

Con/Dem Nation gets going with tax changes

May 12, 2010
Posted in Income Tax, Other Tax — Written by admin — Comments (1)

The Conservative/Liberal Democrat coalition government began work today with tax one of the main issues they have come to some agreement on. Here’s the highlights:

Capital Gains Tax on non-business assets to rise from 18% to close to 40%
Commitment to raise the threshold for Income Tax to £10,000 (though no date set for this, the first [...]

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

April 30, 2010
Posted in Income Tax, Other Tax — Written by The Tax Repayment 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 Tax Repayment 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 [...]

“No income tax for low earners” – Nick Clegg, Lib Dems

April 13, 2010
Posted in Income Tax — Written by The Tax Repayment Agency — Comments (0)

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 [...]

Income Tax issues in run up to Budget and General Election

March 15, 2010
Posted in Income Tax — Written by The Tax Repayment 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 [...]