Blog Posts - Taxation In Uk

Tax perk crackdown will hit half a million company car drivers: Treasury set to introduce new rules on ‘salary sacrifice’ schemes

More than half a million company car drivers face higher tax bills under a proposed crackdown on valuable perks by the Treasury.
by TaxWorldWeb on Aug 31, 2016

North Sea Oil Companies Caught in Major Tax Avoidance Scheme

New research from the International Workers Federation (IWF) is claiming that big oil players in the North Sea, including Chevron and China’s Nexen have avoided paying significant sums in taxes through a scheme involving a secretive corporate struc...
by TaxWorldWeb on Aug 25, 2016

UK plans tougher penalties for offshore tax evaders

Proposals to toughen penalties for tax evasion have been published, as the authorities prepare to receive a big tranche of new data on offshore accounts.
by TaxWorldWeb on Aug 24, 2016

England’s 5 pence tax slashed 61,000 tonnes of plastic bag use per year

Britain’s shores are about to get a whole lot cleaner, and it’s all thanks to a very small change. Single-use plastic bag consumption has plummeted by more than 85% following the introduction of the 5p/bag charge last October, early figures sugge...
by TaxWorldWeb on Aug 2, 2016

DVLA lost out on £93million a year after abolition of tax disc amid fears evasion has risen

Revenue from vehicle excise duty fell by £93 million in the year after the abolition of the paper tax disc, official figures show.
by TaxWorldWeb on Jul 21, 2016

Britons ‘should pay UK tax wherever they live in the world’

Britons should pay full UK tax regardless of where in the world they live, the Chartered Institute for Securities and Investment (CISI) has said.
by TaxWorldWeb on Jul 7, 2016

London generates 30% of UK taxes

Britain’s public finances are increasingly dependent on London because it generates nearly 30 per cent of the UK’s main taxes, according to a think-tank that said its findings had serious implications for post-Brexit Britain.
by TaxWorldWeb on Jul 7, 2016

Tax new diesel cars up to £5,000 to cut pollution, says report

The purchase of highly polluting diesel cars in the UK should be discouraged with a tax of up to £5,000 to help tackle the public health emergency of air pollution, according to a new report.
by TaxWorldWeb on Jun 30, 2016

New Scottish property tax raises more than expected

The first set of receipts from new Scottish property and landfill taxes have exceeded predictions, the Scottish government has said.
by TaxWorldWeb on Jun 29, 2016

Brexit Risks Losing Corporate Tax Break Worth Billions in U.K.

British multinational companies face new withholding taxes that may cost hundreds of billions of euros a year if U.K. voters decide to leave the European Union, international tax specialists say.
by TaxWorldWeb on Jun 22, 2016

We pay an average £5,000 per year in indirect taxes – that’s ON TOP of income tax

UK employees pay an average of £1.25 an hour in tax, according to a new analysis of Government revenues. Of this, only 69p of that is in the form of deductions from wages.
by TaxWorldWeb on Jun 17, 2016

Rents rise 3.5% to £872 a month as landlords reorganise property portfolios amid tax clampdown

Landlords are increasing rents and applying for mortgages via limited companies in a bid to boost profits amid the tax clampdown, new research suggests.
by TaxWorldWeb on Jun 11, 2016

Diesel prices may rise as government considers reversing tax cuts

Diesel car owners could face steeper prices at petrol pumps after the government said it was considering reversing tax cuts brought in by Gordon Brown.
by TaxWorldWeb on Jun 7, 2016

Revenues plummet after car tax discs scrapped

The amount of vehicle tax collected in the UK fell by more than £200m in the six months after the tax disc was abolished, figures show.
by TaxWorldWeb on Jun 7, 2016

Property tax squeeze raises £174m

The tax on residential property owned by offshore companies rose 50 per cent to £174m last year, as the Treasury tightened its squeeze on home ownership structures used by wealthy foreigners.
by TaxWorldWeb on Jun 3, 2016

Today is tax freedom day – four days later than last year

We are meant to be getting richer as a nation and yet many people feel that they are standing still. There are several reasons for that. One is taxation: it seems to be growing faster than the economy overall, reducing the share of the pie that peopl...
by TaxWorldWeb on Jun 2, 2016

French minister urges UK to stamp out tax secrecy in its territories

The French finance minister, Michel Sapin, has urged Britain to go “right to the end” in stamping out tax secrecy it its overseas territories and crown dependencies that continue to act as tax havens for the wealthy.
by TaxWorldWeb on May 11, 2016

Emma Watson denies tax dodging after papers disclose offshore link

Emma Watson denied avoiding tax after becoming the latest high-profile name listed in the Panama Papers offshore data leak.
by TaxWorldWeb on May 11, 2016

Task force will hunt down London property tax dodge firms

A crack team of experts is being recruited to hunt down property developers dodging tax using offshore companies, the Standard can reveal.
by TaxWorldWeb on May 5, 2016

Osborne’s Living Wage adds 10p to cost of a pint: Chancellor accused of imposing ‘stealth tax’ on beer after brewer Young’s has to raise prices to pay staff

George Osborne was last night accused of imposing a ‘stealth tax’ on beer drinkers through the introduction of the National Living Wage.
by TaxWorldWeb on Apr 28, 2016

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