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 [...]
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, [...]
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 [...]
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 [...]
Chancellor Alistair Darling has just delivered his Budget and the key points for the man in the street are as follows:
Plans to give everyone in the UK a bank account – reaching 1m people who are currently not entitled
There will be a 1p increase in National Insurance contributions but “it will not affect those earning [...]