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Related Special Reports
...The group has outlined its plan to the finance ministry at Stormont and UK officials ahead of detailed talks on the subject....
...But a further 2p cut to NICs in the autumn would cost more than £9bn and be dependent on Hunt’s fiscal room for manoeuvre as judged by the Office for Budget Responsibility, the independent fiscal watchdog...
...The number of people informing the UK tax office they have moved out of the country has dropped sharply, with tax experts pointing to “stealth” relocations as a factor behind the change....
...Almost a quarter of non-doms work in finance, according to analysis by academics from the University of Warwick and the London School of Economics....
...Ellen Milner, director of public policy at the Chartered Institute of Taxation, which has 19,000 members, said HMRC’s digital services “aren’t yet good enough” and need to be improved to enable the tax office...
...This is despite warnings from the IMF about Britain’s fragile public finances and rising debt trajectory....
...The UK government borrowed more than expected in March and in the full fiscal year, according to official statistics that will put pressure on the chancellor as he weighs further tax cuts ahead of the next...
...The wealth management sector, buoyed by the expansion of family offices, has remained surprisingly vibrant, says Zhiwu Chen, professor of finance at Hong Kong University Business School....
...So many people do not have the resources to pay loan charge related bills that the Treasury and tax office must “get round the table” with affected people and come up with another solution McCann, the former...
...But it had no plans for a nationwide revaluation of the way council tax is calculated. “Councils are ultimately responsible for their own finances and for setting their own council tax,” it said....
...Another breach of an explicit financial rule, namely the ban on MPs’ lobbying that dates back to 1695, undid MPs Scott Benton and Owen Paterson....
...When I spoke this week to Christopher Groves, a London-based tax lawyer who advises the well-off, he was sitting in the Milan office of his firm Withers. It was not a coincidence....
...“It’s the freeport tax breaks that will make the difference, that’s the clear feedback we’ve been getting from both UK and international companies.”...
...People who reside in the US state for half the year or more pay no individual income tax, and Miami boasts a corporate income tax rate of just 5.5 per cent....
...Wouldn’t cut tax for the sake of it, those sessions with the Office for Budget Responsibility have done me the world of good. Did I mention I’m training for the London marathon?...
...Instead, the tax office was telling callers to use its digital services where they are available and redirecting them to online guidance....
...Audit issues at Mobico’s German rail business caused by changes to indices used by the country’s statistics office led the company to delay its 2023 financial results in February and March, sending shares...
...The Office for Budget Responsibility reckons that between 10 per cent and 20 per cent of current non-doms who are ineligible for the new regime will leave the UK....
...income and generate more than a £1bn of extra tax”....
...The Office for Budget Responsibility, the spending watchdog, estimated that Hunt’s measures would generate an extra £2.8bn in tax revenue in 2026-27 but cautioned that the impact of the measures on the decision...
...Gora Suri, economist at the consultancy PwC, said: “This government and the next will face a Herculean task to both stimulate a flatlining economy and keep the public finances on a sustainable footing.”...
...He suggested voters should show patience over tax cuts and give the Tories more time to deliver them....
...To do this, an individual must highlight it on their self-assessment tax return or contact HMRC and request that their tax code is amended....
...The LGA has warned of a £2.4bn funding gap in local authority finances this year and £1.6bn in 2024-25....
...A third contest could be held in Blackpool South where local MP Scott Benton is facing a 35-day suspension from parliament for allegedly breaching lobbying rules....
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