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Tax

  • AI could help us with vaccines and tax cuts, Jeremy Hunt tells Davos

    January 18, 2024

    Artificial intelligence (AI) could help the world with vaccines for the next global pandemic and aid politicians in cutting taxes, Jeremy Hunt has told Davos.

  • Running down the clock: Why 2024 is set to be a long year in politics

    January 17, 2024

    While Rishi Sunak is keen to run down the clock to November, Labour are eager to seize what they see as their moment, as we enter an election year.

  • Current VAT threshold poses threat to small business growth, FSB warns

    January 16, 2024

    The Federation of Small Businesses (FSB) said today that an increase from £85,000 to £100,000 would be "key" to unleashing those who may be stuck in "economic firepower".

  • A success or not, Scotland’s tax hikes showcase the benefits of devolution

    January 16, 2024

    Tax devolution allows for invaluable experimentation and dynamism that Britain's economy desperately needs, writes Tim Sarson.

  • Post Office warned it could face insolvency over £100m tax bill

    January 14, 2024

    Fears over the Post Office’s finances are growing as it emerged it claimed tax relief on compensation payouts.

  • Evasion clampdown: Treasury to make £12.7bn from new global minimum corporation tax

    January 11, 2024

    The Treasury expects that it will make nearly £13bn from the new global minimum corporation tax, which went live at the beginning of the year.

  • Fujitsu staff at HMRC to strike next week in shadow of Post Office Horizon scandal

    January 11, 2024

    Fujitsu staff contracted to HMRC are set to strike next week, amid building pressure on the IT firm which supplied the faulty Horizon software at the heart of the Post Office scandal.

  • HMRC: Accountants urge Brits to fight taxman as penalties spike to new record

    January 10, 2024

    The value of HMRC tax penalties surged by 25 per cent between 2022 and 2023 to its the highest level on record, new data has shown, as the government faces criticism for unfairly fining struggling businesses.

  • Spring Budget 2024: Sunak pledges to slash taxes ahead of March statement

    January 7, 2024

    Prime Minister Rishi Sunak has repeated his promise to continue cutting taxes ahead of a March 6 budget. “I’m going to be crystal clear. My priority is cutting taxes,” he said.

  • What are the big political events coming up in 2024?

    December 30, 2023

    From the US presidential race to the London mayoral contests, there’s a lot on the horizon to keep politicos busy in 2024.

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