Will the new tax year put a spring in your budget?

April could well be a turning point in the pandemic as lockdown is gradually lifted following the success of the vaccine drive. But as restrictions start to disappear this month, so do the financial support measures that have been a lifeline for many in the virus crisis. Homeowners struggling to pay mortgages and borrowers with … Read more

New Zealand PM Jacinda Ardern raises minimum wage and increases its tax on the rich to 39%

New Zealand raises its minimum wage to $20 an hour and increases its tax on the rich as Jacinda Ardern carries through with her election promise The changes will impact up to 175,000 of the nation’s lowest earning workers Kiwis working a 40-hour week on minimum wage will pocket an extra $44 a week New … Read more

President insists no one earning under $400,000 will see a tax increase

President Joe Biden confirmed that he would only target the country’s wealthiest to pay for $2 trillion in infrastructure investments during a speech Wednesday in Pittsburgh, Pennsylvania where he debuted the plan.   ‘No one making under $400,000 will see their federal taxes go up, period,’ Biden said, reiterating a campaign promise and creating his own … Read more

Plaid Cymru plans to TRIPLE council tax on holiday homes in Wales

People with holiday homes in Wales could face TRIPLE council tax bills under nationalists’ plans to stop locals being forced out Plaid Cymru wants to place a limit on holiday homes in parts of north Wales  The nationalists also propose a 200 per cent rise on the homes’ council tax One in eight properties in … Read more

People with holiday homes in Wales could face TRIPLE council tax bills under nationalists’ plans

People with holiday homes in Wales could face TRIPLE council tax bills under nationalists’ plans to stop locals being forced out Plaid Cymru wants to place a limit on second homes in parts of north Wales  Nationalist party could also propose 200 per cent on second home council tax One in eight properties in Gwynedd county … Read more

Tax chiefs are urged to stop chasing pension scam victims for large fines

Tax chiefs are urged to stop chasing pension scam victims for large fines and to show more empathy for those caught up in the nightmare HMRC was said to have ‘lacked empathy’ in its relentless pursuit of scam victims Government suggested a law change to allow some victims a tax amnesty MPs on the work … Read more

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets of ‘monstrous acne of sticky grey blotches’ Boris Johnson is set to propose new tax targeting chewing gum manufacturers Aims to raise more than £100million to pay cost of clearing away discarded gum Manufacturers to be hit by the tax unless … Read more

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets of ‘monstrous acne of sticky grey blotches’ Boris Johnson is set to propose new tax targeting chewing gum manufacturers Aims to raise more than £100million to pay cost of clearing away discarded gum Manufacturers to be hit by the tax unless … Read more