New taxes make £37 billion in 10 years
Why not add more? New taxes seem to be a good way to make up for our Tax Gap. This is an astonishing amount of extra tax money coming into the Treasury in just a [...]
July 2019
What could inheritance tax changes mean for you?
The Office of Tax Simplification (OTS) recommends that inheritance tax rules are changed to make them easier to understand. The Chancellor commissioned this investigation by the OTS last year. What is inheritance tax? Inheritance tax [...]
June 2019
What is the UK’s tax gap?
A tax gap is the difference between the amounts of tax government should collect and the amount it is actually paid. It is the tax lost to the Treasury through tax evasion and avoidance, human [...]
Are Amazon “laughing all the way to the bank?”
The GMB’s recent report into Amazon’s working practices in the UK have been summarised by their General Secretary, Tim Roache: “Amazon are taking us for mugs. They must quite literally be laughing all the way [...]
Global tax regulations must evolve to govern digital world
This is the tax message that world finance leaders will be getting from the UK's Chancellor. G20 Finance Ministers and Central Bank Governors are meeting in Japan to discuss the future of the global economy. [...]
May 2019
UK takes first place in Corporate Tax Haven Index: Helping Global Companies Avoid Tax
New research show that the UK has caused the most damage to the global corporate tax system by using its territories and crown dependencies to create successful tax havens. Why should I care about corporate [...]
Proposed new tax in the bagging area
This is a proposal from the All Party Parliamentary Group (APPG) on Social Integration. They have suggested a new tax on self service checkout use in order to fund their ideas to unite people from [...]
26% of tax defaulters are in the hospitality industry
According to HMRC’s published List of Deliberate Tax Defaulters, 200 of these 775 businesses were restaurants or takeaways. The government have been publishing this list since December 2017 and have also used a specific taskforce [...]
Scotland using transport taxes as part of environment plan
There are two taxes relating to transport that are being discussed in Scotland at the moment. Their environmental impact is being given primary importance, but not everyone is happy with the other consequences. Will the [...]
April 2019
What is a tax haven?
We often hear this phrase used on the news with reference to incredibly wealthy individuals. It’s easy to accept it’s meaning in context and not really consider what a tax haven is because we know [...]