Tax
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Number of higher rate taxpayers soars by 41% since 2020/21 and total paying additional rate doubles
New annual income tax statistics from HM Revenue and Customs today revealed that there will be 35.9 million Income Tax payers in…
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Freeze in tax thresholds ‘begins to bite’ as number of taxpaying pensioners soars – Steve Webb, LCP
New figures published this morning by HMRC show a surge in the number of pensioners paying tax as well as a big…
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‘Influential think-tank backs radical UK tax reforms’ says AJ Bell’s Tom Selby
Radical plans to reform the UK’s tax system between now and 2030 have been published in a new report today. Commenting on…
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Britain needs better taxes, rather than just higher ones, to boost fairness and economic growth
Britain needs to move away from its simplistic and pernicious cycle of promising tax cuts while delivering tax rises, and towards reforming…
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Quilter: Government should focus on closing tax gaps rather than boost revenue by stealth
Following the HMRC’s publication about tax gaps, Rachael Griffin, tax and financial planning expert at Quilter, has commented. During this time of high…
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Chancellor may resist calls for IHT reform as tax take on course to hit new highs – Quilter
Following the latest HMRC tax and national insurance receipts, Rachael Griffin, tax and financial planning expert at Quilter has commented. She said:“Amidst calls for…
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Is the abolition of IHT really a good idea? – Kingsley Napley reaction
Written by James Ward, head of private client at Kingsley Napley The Telegraph is running a campaign for the abolition of inheritance…
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Will rising CGT be worth the expense to HMRC?
Written by Katharine Arthur, Head of Private Client, haysmacintyre Alongside another rise in inheritance tax receipts (IHT), the most recent tax figures…
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Quilter’s Griffin says Gov sensibly extends Help to Save but more financial education required
Following the news that the government has extended Help to Save until 2025, Rachael Griffin, tax and financial planning expert at Quilter, has…
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Evelyn Partners’ Hayward comments as IHT receipts show new year-on-year rise
New data published today by HMRC shows that IHT receipts for April 2023 were £0.6 billion, which is £0.1 billion higher than the same period…
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