All the updated news related to taxation

All the news related to taxation updated in real time

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Kwarteng’s mini-budget creates further tax divergence between Scotland and UK

Taxpayers in Scotland face higher tax bills than those in England after Friday’s so-called mini-budget created further tax divergence between Scotland and the rest of the UK. Chancellor Kwasi Kwarteng announced a cut in the basic rate of tax to 19p ...

23 Sept 2022 at 15:09

Scotland

Almost quarter of a million more Scots could be higher rate taxpayers by 2027-28

Almost a quarter of a million Scots could become higher rate tax payers in the next few years if no changes are made to the threshold, experts have said. The Scottish Fiscal Commission (SFC), the country’s official, independent economic and fiscal ...

01 Jun 2022 at 14:50

Ireland

Report’s tax increase recommendations are ‘challenging’, says Donohoe

Finance Minister Paschal Donohoe has said it would be “challenging” to increase taxes on householders as called for by an expert group. “Substantial” increases in land and property taxes, VAT hikes, congestion charges in urban areas, increased ...

14 Sept 2022 at 17:57

Hunt downplays tax cuts odds, conceding calming inflation is tougher than feared

A major package of tax cuts this autumn was growing less likely as Chancellor Jeremy Hunt signalled the pledge to halve inflation was proving harder than expected. Mr Hunt warned he must “double down” on high prices and cannot take actions ...

07 Jul 2023 at 23:58

Residents cannot justify living in Scotland due to high taxes, claims minister

Residents of Scotland are finding it increasingly difficult to justify remaining in the country due to higher taxes and “less good public services”, a Scotland Office minister has said. John Lamont said those living near the Scottish ...

24 Jan 2024 at 19:05

Stick with us and there will be more tax cuts to come, Sunak tells voters

There is “more to come” in terms of tax cuts following this month’s reduction in national insurance contributions, Rishi Sunak has signalled. The Prime Minister urged voters to “stick with” his Conservative Government as he insisted ...

19 Jan 2024 at 11:28

Scotland

Hundreds of Scottish Government staff pay taxes in England, figures show

The Scottish Tories have said it is “embarrassing and telling” that 280 Scottish Government employees pay tax in England. Figures released to the party under freedom of information show about 1.7% of those working for the ...

16 Jan 2024 at 00:01

Scotland

Tax increases ‘somewhat offset’ by national insurance cut, say experts

Scottish tax increases will be offset by UK-wide cuts to national insurance, experts have said ahead of the new tax year. The divergence means Scots earning up to £112,900 will pay less combined compared to the previous ...

05 Apr 2024 at 14:43

Political leaders to set out stall and start campaigning ahead of election

Political party leaders are set to lay out their stall to voters this week as they mark the start of what is likely to be a general election year. With 2024 expected to see voters go to the polls to elect a new ...

02 Jan 2024 at 15:35

Welfare reforms to fund pre-election tax cuts about ‘fairness’, Sunak suggests

Prime Minister Rishi Sunak said tax cuts paid for by trimming the benefits budget through reforms would be about creating “fairness”. The Conservative Party leader said Britain’s welfare system “is not ...

07 Jan 2024 at 18:43

Sunak hints tax cuts will be paid for through ‘difficult decisions’ on welfare

Rishi Sunak has hinted that pre-election tax cut giveaways will be made on the back of “difficult decisions to control welfare”. The Prime Minister said it was his “priority” to “keep cutting people’s ...

07 Jan 2024 at 00:08

Rishi Sunak ‘confident’ of tax cuts as rumours of election next autumn increase

Rishi Sunak signalled he is “confident” his administration will be able to cut taxes before the next election. But the Prime Minister said it remained the “right economic policy” to focus on ...

26 Oct 2023 at 15:04

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