The Treasury is planning to cut staff numbers by a quarter as the Chancellor George Osborne seeks to roll back his department in line with sweeping cuts across the board.
He wants to reduce Treasury staff members from 1350 to …
New tax cuts are unlikely to be seen within the next five years, Chief Secretary to the Treasury Danny Alexander has said.
In an interview with the Observer newspaper, he said: ‘I think the tax burden is necessary as a …
A boost in the construction sector has contributed to better than expected growth in the UK economy in the second quarter of 2010.
The Office for National Statistics (ONS) has revised its previous estimate of 1.1% growth to 1.2%.
Construction …
A think tank has warned that the age people can claim the state pension has to rise to 72 if it is to be in line with the increase in life expectancy.
The Pension Policy Institute (PPI) said in the …
HMRC have had substantial problems implementing a new system to administer PAYE codes, it has emerged via an appendix to the department’s 2009-2010 accounting.
It has been estimated that there are 18.2 million unresolved cases involving PAYE coding notices and …
The current regime of Furnished Holiday Lettings (FHL) may be about to change as HMRC are consulting on new legislation to replace FHL.
Currently, tax rules allow for holiday lettings to be traded as a “quazi trade” with a number …
On July 20, the much heralded Office of Tax Simplification was launched. Its remit is to provide independent advice to the government on simplifying the UK tax system. It will be comprised of experts from across the tax and legal …
Evidence is growing that the Revenue and Customs have spent much of the last two years retraining and reworking the relatively newly established partnership between the tax inspectors (properly trained and usually astute individuals) and their new found but generally …
National Health Service and National Insurance issues discussed:
It needn’t take the recent emergence of the swine flu pandemic to make us all realise the importance of a robust and dependable National Health Service. Even those who pay the exorbitant …
VAT is an issue that many businesses have to take into consideration, although the recent rise in the VAT threshold from £64,000 to £67,000 has given small businesses some extra breathing space.
The current standard rate of VAT is 17.5
…