Every year the taxman sends out around 28 million tax codes to employees and pensioners — with the bulk landing around this time of year. The code tells you how much you can earn before you have to pay any income tax. Your tax code notice might seem dull but if the numbers and letters … Read more
My husband and I have decided to divorce. It’s all very amicable but as part of our joint estate we own a house in Spain which we are now looking to sell. The house is valued at €300,000. We’re unclear as to what the tax implications are for us once the money from the sale … Read more
Furious backlash over Chancellor’s £2.7billion tax raid on small firms By Tom Witherow For The Daily Mail Published: 23:45 GMT, 1 March 2020 | Updated: 07:46 GMT, 2 March 2020 There was a furious backlash last night against Government plans for a £2.7billion raid on small and medium-sized businesses. Chancellor Rishi Sunak is proposing to … Read more
SIMON LAMBERT: Will the Chancellor be brave enough to get rid of Britain’s 60p tax rate? By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 27 February 2020 | Updated: 09:00 GMT, 27 February 2020 It’s high time that Britain got rid of its 60p tax rate, but will the new Chancellor be brave enough? The … Read more
Chancellor Rishi Syunak plans £3billion tax grab in the Budget which will hit start-up businesses New Chancellor Rishi Sunak is planning to target entrepreneurs in the budget Treasury determined to press ahead with plans to abolish entrepreneurs’ relief Resolution Foundation called it ‘UK’s worst tax break’ and called for scrapping By Glen Owen Political Editor For … Read more
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. Ms J.G. writes: In 2016, I set up my own limited company and used an accountant to complete … Read more
Sajid Javid reveals his plans to reduce income tax basic rate by 2p in the next Budget as well as cuts to stamp duty and relief for capital investment Sajid Javid said he planned a tax cutting plan which included a stamp duty cut The former chancellor resigned during the cabinet reshuffle earlier this month … Read more
Furious MPs today demand new chancellor Rishi Sunak axe an EU-imposed tax that has added almost £2,000 to the cost of a new motorhome and hand a post-Brexit boost to British businesses. Under a green Brussels regulation change last September the vehicle excise duty for new campervans rocked from £265 in the first year to £2,135, … Read more
Warwick District Council holds referendum on whether to hike tax by 34 per cent to fund £3million climate change drive Warwick District Council holding referendum on council tax rise for climate drive Local authority will be the first in the country to hold referendum for the purpose It intends to fund a £3million drive to … Read more
Inheritance tax ‘loophole’ that allows wealthy families to avoid levy by investing in farmland could be closed in Chancellor Rishi Sunak’s Budget Currently people can invest in assets and their children don’t pay inheritance tax The rules exist to allow family-owned businesses or farms to be passed on However, some critics say this is simply … Read more