Politics

Tax / Conservative ‘tax lock’ could be unpicked

The Conservatives have yet to launch their election manifesto, but comments made so far on the campaign trail suggest the party is likely to consider abandoning its previous pledge not to raise income tax, VAT or national insurance taxes in the next Parliament

Tax / Treasury committee cancels Making Tax Digital hearing

The Treasury Select Committee has cancelled the two evidence sessions it had scheduled for this week, one on Making Tax Digital and the other with the Chancellor of the Exchequer, due to the upcoming snap general election

Tax / George Osborne quits as MP

Former Chancellor George Osborne has announced that he is quitting as an MP ‘for now’ in a letter to his Tatton constituents, following the announcement of a snap election and only one month after he was announced as the new editor of the Evening Standard

Tax / Finance Bill 2017 should not be rushed through without scrutiny

The Chartered Institute of Taxation (CIOT) has written to Chancellor Philip Hammond urging him not to rush through a large number of tax changes, inlcuding Making Tax Digital, without any real parliamentary scrutiny, particularly since complex measures such as interest restriction have already faced repeated amendment

Tax / Shadow Chancellor wants tax rises for £70k plus earners

John McDonnell, Labour shadow Chancellor, has given an early indication that the party’s manifesto for the forthcoming election is likely to include higher tax rates for those earning over £70,000 and a cap on executive pay

Tax / May announces snap election on June 8

Prime minister Teresa May has announced a snap general election will be held on 8 June, saying she has only ‘recently and reluctantly’ decided this is needed to ensure parliamentary unity on Brexit negotiations, in a move likely to impact the passage of the Finance Bill through Parliament

Tax / US corporate tax regime could shift to territorial basis

The US corporate tax regime could be set for a major shift to a territorial basis, rather than its current worldwide basis, under plans to overhaul its system 

Tax / Osborne appointed as Evening Standard editor

Ex-Chancellor, George Osborne has been appointed as the new editor of the London Evening Standard starting from May, its owner Evgeny Lebedev has confirmed

Tax / Brookes: government must replace Class 4 NICs revenue

David Brookes casts his eye over the Budget and predicts future tax measures to tackle disparities over employment taxes and digital real estate operations

Tax / Herring: NICs U-turn symptom of lack of clear employment tax policy

The government needs to outline its broader policy on national insurance lest politics stymies development of a fairer tax regime, says Institute of Directors head of taxation Stephen Herring

Tax / Trump’s leaked 2005 tax return reveals £31m bill

President Donald Trump’s partial tax return, which was leaked to a US television network on 14 March, shows he paid $38m (£31m) in tax on more than $150m (£123m) of income in 2005

Tax / Collins: national insurance ripe for reform

With the future over the decision to raise the rate of NICs for the self employed, Gary Collins, tax partner at Mazars, shares his post Budget thoughts on the future of national insurance in the UK tax regime and asks whether a radical overhaul of the system would ever be possible 

Tax / Sturgeon calls for second Scottish independence referendum

First Minister, Nicola Sturgeon, has confirmed plans to ask for parliamentary approval to hold a second Scottish referendum, expecting to hold a vote in 2018/19

Tax / Class 4 NICs rise to be delayed, says May

Theresa May has moved to delay Philip Hammond’s controversial move to raise Class 4 national insurance contributions (NICs) until the autumn after MPs and stakeholders expressed concern over the measure

Tax / Osborne to earn £650k for working four days a month

Former Chancellor, George Osborne, is set to earn £650,000 a year from working only four days a month at global investment group, BlackRock, after updating his entry in the registry of MPs’ interests on Budget day
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