Tax evaders in the Midlands have been named and shamed in an updated list published by HMRC. The list, published quarterly, is designed to deter tax avoiders, with anyone who doesn’t pay risking having their name made public. The updated list includes a number of businesses and people in the Midlands who collectively owe thousands … Read more
Image source, Getty Images Item information Author, Kevin Peachey Role, Cost of Living Correspondent 7 hours ago Some people are already paying income tax on their state pension, a report has found, despite a Conservative promise that it will remain tax-free. The standard new state pension is currently below the £12,570 threshold after which income … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The Labor leadership is resisting calls to close a tax loophole used by Shein as the party looks to encourage the controversial Chinese-founded fast fashion company to operate in London. Tax campaigners and some retailers … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The UK private equity sector has welcomed as “encouraging” shadow chancellor Rachel Reeves’ suggestion that buyout managers investing in their funds would continue to enjoy favorable tax treatment. The Labor Party has promised to raise … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shadow Chancellor Rachel Reeves has indicated that Labor will continue favorable tax treatment of private equity executives in Britain in cases where fund managers are putting their own capital at risk. Labor has pledged to … Read more
LABOR last night promised new powers to protect drinkers threatened by closure – and hinted beer duty will be frozen. Shadow Chancellor Rachel Reeves unveiled a five-point plan to save traditional pubs. Labour’s Rachel Reeves unveiled a five-point plan to save traditional pubsCredit: Darren Fletcher The Shadow Chancellor with sunman Ryan SabeyCredit: Darren Fletcher It … Read more
Pensioners in Britain risk ending up in a tax ‘nightmare’ without serious intervention from MPs, one of the country’s leading pension campaigners has said. Baroness Ros Altmann is urging the major political parties, especially the Labor Party, to reform existing tax rules to prevent older Britons from losing part of their state pension to HM … Read more
Stay informed with free updates Simply log in to the Oil and gas industry myFT Digest – delivered straight to your inbox. Oil and gas executives have warned that Labour’s pledge to scrap North Sea tax exemptions threatens their investments in the basin, with several projects already on hold. Extraction companies have not drilled a … Read more
Experts are reminding Brits of the seven ‘tricks’ that could significantly boost their pension savings in the coming years. Increasing pension contributions, using ISAs and taking advantage of tax benefits, including when it comes to capital gains tax (CGT) and inheritance tax (IHT), are among the recommendations. Here’s a full list of the seven “tricks” … Read more
Stay informed with free updates Simply log in to the Private assets myFT Digest – delivered straight to your inbox. The world’s largest private equity firms have avoided income taxes on more than $1 trillion in stimulus payments since 2000 by structuring the payments to subject them to a much lower tax, according to new … Read more