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Tax
Government needs to abolish stamp duty tax says policy think tank
Stamp duty may well be the "worst tax on the UK’s statute books" and it might be high time the government "abolished" it, proposed a data analyst with the Centre for Policy Studies.
Jethro Elsden a data analyst and an author of a…
Glimmer of hope over stamp duty holiday extension (for some)
A campaign led by the property sector to extend the Stamp Duty Tax holiday saw a glimmer of hope last week when Jesse Norman, the Financial Secretary to the Treasury said the government and HM Treasury would consider ‘substantial…
No more margaritas: Restaurateur Brothers banned for failing to pay £173,000 in taxes
Brothers Carlos Enrique De La Cruz Vidal (51), from South East London, and Fernando De La Cruz Vidal (52), from Granada in Spain, are now banned from acting as directors or directly or indirectly becoming involved, without the permission…
The missing billions: ONS records miss £800bn in assets owned by ‘super-rich’
The ONS’ main data on wealth misses almost £800 billion of assets held by the wealthiest 1 per cent of UK households and correcting for this oversight means UK wealth inequality is higher than previously thought, according to new…
Sunak sets sights on self-employed and CGT tax hikes
The UK's Chancellor of the Exchequer, Rishi Sunak, has expressed that the self-employed should be expected to pay higher taxes.
In an effort to 'equalise' tax contributions and taxpayer support between the salaried, self-employed and…
Company founders and execs race to sell down stakes over anticipated capital gains tax hike
The Office for Tax Simplification (OTS) proposals published this week could see the number of UK taxpayers subject to capital gains tax (CGT) triple, according to tax experts, who warn investors should be on "high alert" over the…
Deutsche WFH tax now referred to ‘WTF tax’ – here’s what startup founders…
Deutsche Bank's globally proposed 5% remote worker tax has had some mixed feedback, but for the most part, you can expect "outrageous," "ludicrous," "unnecessary," and even "discriminatory" to be among the responses of startups and their…
New to the UK, need to register as self-employed, but don’t have an NI number? Here’s…
The HMRC has introduced a 'workaround' for those who have been unable to obtain a national insurance number and need to register for self-employment and obtain a Unique Taxpayer Reference (UTR), The Institute of Chartered Accountants of…
Can’t pay your tax bill on time? There’s still hope. That is if you are not among…
The HMRC has extended the payment on account deadline for Self Assessment to 2021 and also set up self-employed loan support in these lean times. But not all taxpayers are feeling the love. Some 3 million have been left in a taxpayer's…