10 h. ago Silicon Six accused of avoiding nearly $300bn in taxes, new report says

Big Tech giants accused of having tax avoidance ‘hardwired’ into their infrastructures

Economics

11 h. ago The ‘Silicon Six’ accused of avoiding nearly $300bn in taxes, new report says

Big Tech giants accused of having tax avoidance ‘hardwired’ into their infrastructures

Economics

32 h. ago Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

Economics

38 h. ago Some workers can get £18,570 tax free by using HMRC saving loophole

The government allows workers to earn up to £12,570 without paying income tax - but there is a way to increase this figure using a lesser-known HMRC tax loophole

Economics

8 d. ago A single London constituency pays more income tax than the WHOLE of Northern Ireland... so how much does your local area give to HMRC?

The research showed how 67,000 taxpayers in Kensington & Bayswater paid £4.2billion in income tax in 2022-23.

Economics

8 d. ago Starmer’s economic reset must include an honest debate about income tax

Editorial: In this ‘new world order’ the UK should look towards the Commonwealth, the EU and other nations for further trading relationships

Economics

9 d. ago No state has ended personal income taxes since 1980, but Mississippi and Kentucky may change that

About 45 years have passed since a state last eliminated its income tax on wages and salaries

Events

2 w. ago In recruiting battle, lawmakers weigh whether to give college athletes a tax break on NIL earnings

At least four states are considering giving college athletes tax breaks on endorsement income

Events

2 w. ago HM Treasury income tax personal allowance 'rise' verdict after £20k threshold calls

HM Treasury has given its verdict following fresh calls to increase the tax free Personal Allowance (which has been stagnant at £12,570 since 2021) to £20,000 per year

Economics

2 w. ago HMRC warning over scheme where people pay ‘more tax than they tried to avoid’

It claims to cut your tax bill by disguising your income, but help is available for those that want out

Events

2 w. ago State Pension tax bill warning to older people before new pay rates start next week

Older people with only the State Pension as their source of income will not pay income tax.

Economics

2 w. ago Who is running Britain’s economy – Rachel Reeves or Donald Trump?

The chancellor’s careful calculations for her spring statement are likely to be blown out of the water by a looming US trade war• From more tax to rewriting budget rules: six alternative ways Reeves could raise moneyAs Rachel Reeves powered through her spring statement on Wednesday, telling the country she was “restoring stability to the public finances” few in the House of Commons chamber seemed to know what to make of it all.Reeves’s message did not seem to resonate with the underlying mood of uncertainty and anxiety at home and abroad. Many Labour MP nodded loyally along with her, trying to impress the whips. Others on the government benches looked grave. Growth forecasts for this year had been halved. Money would have to be raised to meet the chancellor’s own fiscal rules, and the poorest would be the ones bearing the brunt. Continue reading...

Politics

2 w. ago It's time we wiped the smirks off the smug little faces of all the benefit cheats pretending to be disabled. These scroungers should be ASHAMED

The Chancellor Rachel Reeves is, rightly, raising the bar on who can qualify for disability benefits. She may be wrong in a lot of respects, but on this I can't fault her.

Politics

2 w. ago Rachel Reeves must rethink fiscal rules as social security cuts will inflict real pain

Writing for the Record, Stephen Boyd of IPPR Scotland urges Rachel Reeves to consider alternative means to raise badly needed revenues for public services.

Events

2 w. ago Millions face paying back some of their state pension to HMRC in a stealth tax raid. Here, our money experts explain what you need to know... and what do to about it

A bizarre tax cliff edge will mean those who receive the full state pension will be taxed on that income - and low-income pensioners will be dragged into the tax system for the first time.

Economics

2 w. ago Pensioners face 'odd' letter from HMRC amid calls for urgent action to be taken

The latest figures for wages show an increase of around five per cent which means people of state pension age, born before 1959, could be dragged into paying income tax due

Politics

2 w. ago Rachel Reeves 'likely' to raise taxes in Autumn, Institute for Fiscal Studies say

It comes after a difficult Spring Statement

Events

2 w. ago UK politics live: Rachel Reeves may raise taxes ‘even further’ in autumn budget, IFS warns

Ms Reeves has denied there would be further tax rises or spending cuts at the Budget in the autumn but stopped short of ruling them out entirely

Events

2 w. ago ‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – UK politics live

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world eventsIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move from welfar...

Politics

2 w. ago Graph reveals how UK tax burden will hit record high after Spring Statement

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

Events