Tax Rebates & Refunds

Accountancy firms warn of sharp tax rises

April 26, 2010
Posted in Income Tax — Written by admin — Comments (0)

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 [...]

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 [...]

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 [...]