Employee benefits providers have welcomed an indication from David Cameron that plans to abolish child benefits for higher-rate taxpayers will be reconsidered.
The proposal to scrap the relief for any household which has an individual earning above the £42,745 threshold...
Evasion of the 50p tax rate is costing the Treasury £500 million per year, as those earning more than £150,000 are increasingly turning to legal tax avoidance methods.
The Institute of Fiscal Studies, which looked at how best to reform the tax systemin its Mirrlees Review,...
Plans to slash the 50 per cent tax rate have been put on hold until at least 2013.
The debate over the future of the levy is continuing after the Government caved in to fears that a tax cut for high earners would cause public anger. Despite this it has been reiterated that the rate is...
The 50 pence tax rate is likely to be scrapped after George Osborne described the levy as “very uncompetitive”.
The Chancellor’s comments suggest that there is minimal point continuing with the additional tax rate and are the strongest hint yet that it will be...
The 50p rate of Income Tax could be slashed as early as April 2012 because it is not generating enough return for the Exchequer.
Prime Minister David Cameron and Chancellor George Osborne are reported to be discussing the possibility of reducing the top tax deduction to 45 per cent for...
As announced in the Budget, the 50p tax rate is expected to be abolished once a review of how much money the rate generates is complete.
It is anticipated that the tax will be removed in the 2013 Budget. The review will be undertaken by HM Revenue & Customs and will commence once...
Simon Newsham looks at alternative ways to reward high earners who are paying more tax under the new Government regime.
From 6 April 2010, those individuals described by the Chancellor of the Exchequer as having the “broadest shoulders” face an income tax rate of 50 per cent on taxable earnings above £150,000.
Personal allowances will now be tapered down at the rate of £1 for...
Philip Fisher gives some tips on what to expect from a tax inspector’s visit.
The importance of preparing for a PAYE audit
It may only happen once every five years or so but most finance directors, HR managers or payroll managers dread the letter from HM Revenue & Customs (HMRC) announcing that they wish to inspect employment tax records.
This...
