Jobs at risk as firms beg ministers to defer tax bills before they are forced to lay off thousands of skilled workers By James Salmon for the Daily Mail Published: 21:51 GMT, 19 March 2020 | Updated: 21:51 GMT, 19 March 2020 Britain’s manufacturers have pleaded with ministers to defer their tax bills immediately before … Read more
The Government must cover the wages of workers’ threatened with the loss of their livelihoods due to the coronavirus, furious MPs demanded today. Treasury minister John Glen was blasted by both Labour and Tory backbenchers as he tried to explain help for those facing unemployment as the economy goes into meltdown in the face of … Read more
CASH IN THE ATTIC: Why your tax discs could still be worth thousands By Toby Walne, Financial Mail on Sunday Published: 23:46 GMT, 14 March 2020 | Updated: 23:46 GMT, 14 March 2020 Every week we give the low-down on the value of forgotten treasures that may be gathering dust at home. The tax disc was … Read more
ITV gives more than £40 million to its ‘Golden Four’ Phillip Schofield, Holly Willoughby and Ant and Dec to save them huge tax bills They all renegotiated big money deals ahead of changes to HMRC’s policy It means that employees are unable to be paid as a freelancer in future A source said ‘there is some … Read more
Self-assessment tax filers looking to use their spouse’s allowance report surprise bills, but HMRC tells them to file their return anyway The marriage allowance allows a transfer of up to £1,250 to your spouse This is done to reduce the tax you pay due to a higher personal allowance One reader told This is Money the … Read more
The Chancellor staged a raid on the tax break for building a business yesterday as he slashed the lifetime limit on entrepreneurs’ relief from £10million to £1million. The move will hit serial entrepreneurs and those who have turned start-ups into medium-sized businesses and has been made due to fears that too much of the tax … Read more
My husband and I are in our early 60s and have recently retired. We have paid off the mortgage on our home, which we think is worth around £600,000. Our other assets (mainly investments) are worth around £500,000, including a £100,000 investment, which we made recently, having been told it would be free of inheritance … Read more
Chancellor’s £32bn hit for big business as tax cut is cancelled to free up cash for the coronavirus fightback By Tom Witherow For The Daily Mail Published: 22:08 GMT, 11 March 2020 | Updated: 22:08 GMT, 11 March 2020 There was a sting in the tail for British businesses as large corporations were told to … Read more
Crackdown on tax avoidance and evasion to raise billions for Treasury coffers By Daily Mail City & Finance Reporter Published: 21:50 GMT, 11 March 2020 | Updated: 22:28 GMT, 11 March 2020 The Government said that new measures will recover £4.7bn in tax in tax by 2024/25 that would otherwise have been lost A crackdown on … Read more
Oil price slump will wipe out North Sea tax revenues, says the Treasury watchdog By Daily Mail City & Finance Reporter Published: 21:59 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 The slump in the oil price could almost wipe out tax revenues from the North Sea, according to the Treasury watchdog. … Read more