Tag: tax
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The town bracing for UK’s biggest council tax rise of almost 16% | UK News
Read Latest News The last thing I was expecting to discover on the doorstep of a Falkirk house was a 70-year-old woman crying at the near 16% council tax rise she and tens of thousands of others face next month. Falkirk is bracing for the UK’s biggest hike in bills as the local authority faces…
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Over-70s now more likely to pay income tax than those under 30 | Money News
Read Latest News More retired baby boomers are paying income tax than Gen Z workers, new data from HMRC shows. It is a significant shift since the pre-COVID period. Some 5.45 million Britons aged over 70 paid income tax in the 2022-23 financial year (the latest figures we have), compared with 5.23 million aged under…
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No more tax returns for side hustlers selling clothes on Vinted or making money from TikTok | Politics News
Read Latest News Up to 300,000 people with side hustles selling clothes on Vinted and eBay or making money from TikTok will no longer have to report their income to HMRC. The threshold for having to file a self-assessment tax return for trading income will be lifted from £1,000 to £3,000 by the next election,…
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Major UK recruiters linked to tax avoidance schemes after workers hit with crippling HMRC demands | Money News
Read Latest News Hays, Capita, Petrofac. These are some of Britain’s best known companies and big players in the recruitment industry. Now, a Sky News investigation has revealed how, over the course of two decades, some of Britain’s biggest recruitment companies were linked to large-scale tax avoidance when placing workers into jobs, including government roles…
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Falkirk councillor ‘threatened’ over record 15.6% tax rise
Read Latest News BBC Laura Murtagh has suffered constant online abuse since the council tax proposal The councillor who introduced Scotland’s biggest council tax rise this year has received violent threats over the decision. Laura Murtagh, who sits as an independent on Falkirk Council, told the BBC’s Scotcast podcast she had suffered “overwhelming” online abuse…
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Poundland up for sale as budget tax hike looms | Money News
Read Latest News Poundland, the discount retail chain, appears on course to be sold as its owner rues an “increasingly challenging” retail landscape in the UK. Poland-based Pepco Group said on Wednesday that it was examining all options for the 825-strong chain, including a sale. But the company later told the Reuters news agency that…
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Final council tax levels to be set for coming year amid record rises
Read Latest News Steven McKenzie and Nichola Rutherford BBC Scotland News Getty Images Council tax pays for a range of local authority services The last of Scotland’s 32 local authorities will agree their budget and council tax levels for the year ahead later. Councillors in East Dunbartonshire, Falkirk, Highland and Inverclyde will meet to discuss…
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UK government to end North Sea windfall tax in 2030
Read Latest News PA Media The UK government announced a windfall tax on profits made by firms in the North Sea would end in 2030 The UK government has announced that the windfall tax on profits made by energy firms in the North Sea will end in 2030. The Energy Profits Levy (EPL) was introduced…
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Labour MP goes public to oppose family farms tax – and more could follow | Politics News
Read Latest News A newly elected Labour MP has gone public with his objections to the government’s proposed farm tax, saying it would “penalise” small farms in rural communities. Henry Tufnell, MP for South and Mid-Pembrokeshire, told Sky News he and other colleagues had informed ministers it’s not only wealthy landowners who would be affected…
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More Scottish councils agree tax increases up to 13%
Read Latest News Google Clackmannanshire Council voted in favour of a 13% rise in council tax Councils with a combined population of more than a million people are meeting to agree council tax rises of up to 13% following the lifting of a nationwide freeze. Councillors in Stirling, Renfrewshire, East Ayrshire, South Ayrshire, Dundee, Argyll…
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Starmer refuses to say if further tax rises will be imposed at spring statement | Politics News
Read Latest News The prime minister has refused to say whether further tax rises will be imposed in the spring statement. Sir Keir Starmer said the government was in the “early stages” of looking at whether tax rises or spending cuts were needed to meet Labour’s self-imposed fiscal rules. He would not say if Ms…
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Environment Secretary Steve Reed speech disrupted by farm inheritance tax protesters
Read Latest News Malcolm Prior/BBC Farmers concerned that government changes to inheritance tax rules will make many businesses unprofitable gathered outside the conference Farmers protesting at government changes to agricultural inheritance tax rules have briefly disrupted a minister’s speech designed to win them over at a national conference. Environment Secretary Steve Reed was met with…
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Environment secretary Steve Reed to unveil farming reforms to ease tension over inheritance tax | Politics News
Read Latest News The government will announce a series of policy sweeteners for farmers who remain angry over the decision to impose inheritance tax on farms. Environment Secretary Steve Reed will address the National Farmers’ Union (NFU) conference on Tuesday where he will unveil a raft of measures – including a long-called-for extension of the…
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Low-paid jobs at risk from Labour’s tax increases on businesses | UK News
Read Latest News Cliff Nicholls runs two trampoline parks and indoor play centres: one in Tamworth in the West Midlands, the other in Bolton, Greater Manchester. He’s already feeling the pressure from the government’s latest budget measures and has been forced to abandon further investment plans. “The national minimum wage increases coming in April, combined…
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Local authorities to announce inflation-busting council tax hikes
Read Latest News PA Media Unions have urged cash-strapped councils not to make further cuts Local authorities representing about two million Scots are set to confirm their biggest council tax increases in 20 years. With a nationwide freeze coming to an end, Edinburgh, Glasgow, Fife, Scottish Borders and North Lanarkshire councils are setting their new…
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Most areas set to increase council tax by at least 4.99% from April | Politics News
Read Latest News Most councils are set to increase council tax by the maximum amount of at least 4.99% from April. Government figures released on Wednesday show 85% of the 139 top-tier authorities in England that have proposed or confirmed rises so far are planning to do so by 4.99%. If local authorities want to…
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East Lothian first local authority in Scotland to confirm 10% council tax increase | UK News
Read Latest News East Lothian Council is the first local authority in Scotland to approve a double-digit council tax increase. The SNP government’s flagship freeze on the levy comes to an end in April. East Lothian Council leader Norman Hampshire said the 10% rise was necessary to maintain essential services to protect vulnerable residents and…
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Farmers react with ‘fury’ and ‘anger’ after Treasury meeting over inheritance tax | UK News
Read Latest News The president of the National Farmers Union says there is “fury” and “anger” among farmers – after the government refused to change its controversial inheritance tax plans. NFU President Tom Bradshaw met with the Treasury on Tuesday morning and said the union was offering them alternative solutions that raise funds. “The government…
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East Lothian first in Scotland to confirm 10% council tax hike
Read Latest News Angus Cochrane BBC Scotland News Getty Images Council tax rates are set to increase across the country with East Lothian first to confirm East Lothian Council has become the first Scottish local authority to confirm a double-digit council tax increase. A nationwide freeze on the levy is being lifted in April. East…
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Reform UK sets out plan to tax renewable energy
Read Latest News PA Media Joshua Nevett Political reporter Harry Farley Political correspondent Reform UK would impose taxes on the renewable energy sector, under its plans to scrap the country’s net zero target, the party’s deputy leader Richard Tice has said. Tice argued net-zero policies were to blame for higher energy bills and deindustrialisation in…
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Norfolk farmer confronts minister over inheritance tax
Read Latest News Paul Moseley BBC political reporter, Norfolk Reporting fromRoyal Norfolk Showground Paul Moseley/BBC Mark Means said he was “angry” at the planned changes to inheritance tax A farmer who challenged a minister over the inheritance tax changes said he did not think the government was listening to the industry’s concerns. Mark Means, who…
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Farmers’ inheritance tax creates ‘chilling effect’ on nature recovery scheme, ex-government legal adviser says | Politics News
Read Latest News Farmers are being forced to choose between protecting the environment or their legacy by the introduction of inheritance tax, a lawyer who worked on a key green farming policy has told Sky News. Richard Broadbent, a former lawyer at government adviser Natural England, said the government had created a “chilling effect” on…
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Budget tax hikes and financial gloom ‘acting as brakes’ on employment | Money News
Read Latest News Companies are slowing investment until they see more momentum in the economy, according to a closely-watched report on employment conditions which warns that budget measures are “acting as brakes” on hiring. The Recruitment and Employment Confederation (REC) and KPMG’s latest snapshot on recruitment found that permanent staff vacancies declined at the steepest…
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‘UK tax cuts for tech giants’ and ‘hands off ISAs’
Read Latest News As with so many days in the past fortnight, a flurry of stories about the activities and plans of US President Donald Trump lead some of Saturday’s front pages. The i newspaper kicks off by reporting that the White House is expected to demand lower UK taxes for tech giants – such…
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Millions face council tax rise of more than 5% after government gives green light to bigger hikes | Politics News
Read Latest News Millions of people face council tax hikes over normal thresholds after the government allowed six areas to boost rates above the usual 5%. More than two million people will be hit by increases of between 5 and 10%. Windsor and Maidenhead Council wanted to increase council tax by 25% but the plan…
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Millions face council tax rise of more than 5%
Read Latest News Millions of households in England are facing council tax rises above the normal limit, after the government allowed six areas to bypass a 5% cap on increases. Usually local authorities with social care duties can only raise council tax every year by up to 4.99% without a referendum, while others can increase…
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More than a million miss tax return deadline
Read Latest News An estimated 1.1 million people missed the deadline for filing their annual tax returns, according to HM Revenue and Customs (HMRC). They now face a penalty of at least £100 for missing the cut-off at the end of the day on Friday, the tax authority has said, unless they can provide a…
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Wine-lovers left to drown sorrows as tax hike hits cost of a bottle – but it’s not all bad news for drinkers | Money News
Read Latest News Consumers will see the price of alcohol rise from Saturday when a hike in tax and duties comes into effect. The alcohol tax itself will rise in line with the Retail Price Index at 3.6%, but a new system to tax wines and spirits based on strength will be introduced at the…
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Online self-assessment tax returns due by midnight
Read Latest News Faarea Masud Business Reporter Getty Images Millions face paying a £100 penalty if they do not file their tax return Millions of people still have not filed their online self-assessment tax returns for which the deadline is midnight, meaning they could be fined £100, HMRC has warned. Over 3 million people who…
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Roman Abramovich tax dodge must be probed, HMRC urged
Read Latest News Getty Images Sanctioned Russian oligarch Roman Abramovich must be investigated over the £1bn he could owe, a group of MPs has urged HMRC. In a letter to the tax authority, Joe Powell, a Labour MP who leads a Parliamentary group on fair taxation, refers to BBC reports raising questions about whether tax…
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Warning high borrowing costs may mean tax rises or spending cuts
Read Latest News Higher borrowing costs for the government may mean tax rises or spending cuts if it wants to stick to its own self-imposed rules, a leading economic think tank has warned. According to a report from the Resolution Foundation, the government is spending £7bn a year more paying interest on its debt than…
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Public sector has to absorb UK tax hike cost, says Deputy First Minister Kate Forbes
Read Latest News Angus Cochrane BBC Scotland News Getty Images Kate Forbes says the government cannot “invent” money to cover the shortfall Scotland’s public sector will have to “absorb” a shortfall in funding to cover a UK government tax rise, Deputy First Minister Kate Forbes has said. The SNP minister signalled the NHS, councils and…
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Roman Abramovich could owe UK £1bn in unpaid tax
Read Latest News James Oliver, Harriet Agerholm and Will Dahlgreen BBC News and File on 4 Investigates BBC Sanctioned Russian oligarch Roman Abramovich could owe the UK up to £1bn after a botched attempt to avoid tax on hedge fund investments, evidence seen by the BBC suggests. Leaked papers reveal investments worth $6bn (£4.7bn) were…
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Abramovich dodged millions in tax with superyachts-for-hire scheme
Read Latest News James Oliver, Harriet Agerholm and Will Dahlgreen BBC News BBC It was Christmas 2011, a year after Roman Abramovich had taken delivery of his new superyacht, Eclipse. But it seemed the oligarch would not be using it over the festive period – records show it had been chartered by a company based…
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‘Monster tax hike’ and Trump set to visit UK
Read Latest News A number of Monday’s front pages touch on a call between US President Donald Trump and the UK Prime Minister. The Daily Telegraph says Trump is expected to visit Britain “soon” after he shared his first dialogue with Sir Keir Starmer since his inauguration last week. Elsewhere on the front of the…
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Farmers in fresh inheritance tax protests as they claim ‘food and environment not important to government’ | UK News
Read Latest News Farmers angry at the government’s inheritance tax reforms have been protesting in town centres across the UK using their tractors as part of a so-called National Day of Unity. The Treasury estimates the changes, revealed in last October’s budget, will raise up to £520m a year. Farmers and campaigners say they threaten…
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Edinburgh becomes first ‘tourist tax’ city in Scotland
Read Latest News Joanne MacAulay BBC Scotland PA Media The “tourist tax” will take effect from 24 July 2026 Visitors to Edinburgh will be charged a tourist tax designed to raise £50m annually, after city councillors voted in favour of the move. The charge, which mimics those already used in Germany, Spain and Italy, covers…
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Bristol’s student numbers leave city ‘missing’ council tax
Read Latest News Alex Seabrook Local Democracy Reporter Getty Images The council says it is “over-burdened” with students in the city Growing numbers of students living in Bristol means public services are “missing out” on millions in council tax, a city council meeting was told. The authority is “missing” £2.6m in tax this year, councillors…
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Tourist tax for Edinburgh visitors one step closer as council considers 5% levy | UK News
Read Latest News People staying overnight in Edinburgh could face a tourist tax from next summer under plans being considered by the city’s council. Council members are considering introducing a 5% levy on people staying in hotels, bed and breakfasts and other accommodation, including holiday lets. A full council meeting is scheduled for Friday but…
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Lakeland’s family owners hoist ‘for sale’ sign ahead of tax rises | Money News
Read Latest News The family behind Lakeland, one of Britain’s most prominent privately held retailers, is exploring a sale after more than 60 years amid growing cost pressures sweeping the industry. Sky News has learnt that Lakeland, which is controlled by the three sons of founder Alan Rayner, has appointed advisers to gauge the appetite…
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Rachel Reeves to soften non-dom tax crackdown after ‘listening to concerns’ | Politics News
Read Latest News Rachel Reeves is to water down her crackdown on the non-dom tax status after analysis showed it had prompted an exodus of millionaires. The chancellor said she would be tabling an amendment to the plans after “listening to the concerns” of non-domiciled residents. Politics Live: Ed Miliband won’t resign over Heathrow decision…
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Rachel Reeves to soften non-dom tax changes
Read Latest News Plans to abolish non-dom status will be amended to allow a more generous phase out of tax benefits, Chancellor Rachel Reeves has announced. Reeves told an audience at the World Economic Forum in Davos that changes would be made to upcoming legislation to increase the generosity of a facility to help non-doms…
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Sainsbury’s to cut over 3,000 jobs as budget tax hikes loom | Money News
Read Latest News Sainsbury’s has revealed plans to cut more than 3,000 jobs in a bid to save money ahead of a £140m leap in costs from budget tax measures due to come into force within weeks. Head office and senior management roles would be among those affected, the chain said, adding that the cost-saving…
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Three major supermarkets hit back at farm tax
Read Latest News Tesco, Aldi, and Lidl have backed British farmers in their dispute with the government over tax changes in the Budget. Ashwin Prasad, Tesco’s chief commercial officer, said “the UK’s future food security is at stake” and the government should pause the introduction of inheritance tax on farms worth over £1m. Tesco is…
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River Island eyes tighter grip on costs as tax rises loom | Money News
Read Latest News River Island, the privately owned fashion retailer, is preparing to exert a tighter grip on its cost base as the high street faces the prospect of swingeing tax hikes in April. Sky News understands that River Island, which is owned by the Lewis family, has drafted in AlixPartners to work on a…
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Birmingham City Council urged to scrap ‘rat tax’
Read Latest News Birmingham City Council has been urged to scrap its “rat tax” over concerns there could be a rise in vermin during ongoing bin strikes. Rat control treatments were previously free to residents but charges were added to the authority’s budget a year ago to help offset its financial crisis. A licensing and…
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Reeves should be wary of expecting surprise inflation good news to last – with tax rises yet to bite and Trump tariffs ahead | Money News
Read Latest News A fall in December’s CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves. The chancellor has been under intense scrutiny for the last week as UK borrowing costs have risen (in line with US and European peers) and…
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Spain planning 100% tax rise for non-EU residents buying homes | UK News
Read Latest News UK residents planning to buy a holiday home in Spain have been warned they could be hit with a 100% tax rise as the country tries to tackle its housing shortage. Public anger is growing in Spain and other European countries as locals are being priced out of home ownership by rents…
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Spain plans 100% tax for homes bought by non-EU residents
Read Latest News Spain is planning to impose a tax of up to 100% on properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez said the “unprecedented” measure was necessary to meet the country’s housing emergency. “The West faces a decisive challenge: To not…
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Sainsbury’s rewards staff with 5% pay hike despite budget tax hit | Money News
Read Latest News The UK’s second largest supermarket chain is to reward store staff with an inflation-busting pay hike this year, months after warning that customers will be paying higher prices to offset budget tax hikes. Sainsbury’s said on Friday, while revealing strong Christmas sales, that the group’s hourly-paid workers would get a 5% rise…
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Environment Secretary Steve Reed apologises to farmers for tax ‘shock’ | UK News
Read Latest News Environment Secretary Steve Reed has apologised for the “shock” suffered by farmers after the government upped taxes on farms. Ministers are battling backlash from farmers over various measures announced in last year’s budget, including introducing inheritance tax for agricultural businesses worth more than £1m, and a faster phaseout of EU-era subsidies in…
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Food prices will rise due to budget tax hikes, retail body warns | Money News
Read Latest News Grocery shoppers are being warned of more hikes to food costs in the months ahead due to retailers passing on the cost of budget tax rises. The British Retail Consortium (BRC) warned that food prices will increase by an average of 4.2% in the latter half of the year – piling more…
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‘Apocalypse’ LA and ‘Reeves faces extra tax rises’
Read Latest News A harrowing image of a large home totally engulfed in flames in Los Angeles is the main image on the Guardian front page. The paper says fast-moving wildfires have torn through several neighbourhoods of Los Angeles, killing at least two people and destroying more than 1,000 buildings. The paper says about 70,000…
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Edinburgh ‘tourist tax’ to be set at 5%
Read Latest News The tourist tax for visitors to Edinburgh will be set at 5% of accommodation costs, after final details for the proposed levy were confirmed. City councillors will now decide whether to back the new tax – which would take effect from 24 July 2026 – at two meetings later this month. The…
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Business confidence ‘at two-year low’ as tax hikes loom | Money News
Read Latest News More than half of private sector firms are planning price hikes to help offset looming tax increases announced in the chancellor’s first budget , according to a corporate lobby group. The British Chambers of Commerce (BCC) warned that business confidence was at its lowest level since the market meltdown that followed the…
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Tax fears hitting firms’ confidence, says business group
Read Latest News Getty Images Confidence among UK firms has “slumped” as they face a “pressure cooker of rising costs and taxes”, according to a business group. The British Chambers of Commerce (BCC) said its survey of more than 4,800 firms suggested confidence had fallen to its lowest level for two years. Nearly two-thirds told…
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Donald Trump tells UK to ‘get rid of windmills’ and says raising windfall tax on North Sea oil is ‘big mistake’ | Money News
Read Latest News Donald Trump has said the UK is making “a very big mistake” in its fossil fuel policy – and should “get rid of windmills”. In a post on Friday on his social media platform, Truth Social, Mr Trump shared news from November of a US oil producer pulling out of the North…
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Private school tax breaks a ‘luxury’, says Phillipson
Read Latest News Tax exemptions on private schools are a “luxury we cannot afford”, the education secretary said ahead of a new policy coming into effect. Bridget Phillipson defended the government ending the exemption from Wednesday. Writing in the Telegraph, she said “very few families” would leave the schools as a result. Separately, she told…
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PM’s heartache and Labour’s ‘tax hit’ to flights
Read Latest News “Boxing Day tragedy” writes the Daily Mirror as it reports on the cancer death of Sir Keir Starmer’s brother, Nick, at the age of 60. It quotes the prime minister paying tribute: “Nick was wonderful. He met life’s challenges with courage and good humour.” The Daily Telegraph leads with Nigel Farage telling…
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Welsh visitor tax plans spark anger in local tourism industry: ‘We’ll be clobbered by it’ | UK News
Read Latest News The rugged mountains, limestone caves and spectacular waterfalls of Bannau Brycheiniog – the Brecon Beacons – attract visitors from all over the world. Tourism is a vital part of the local economy. But local attractions say the industry would be devastated by the Welsh government’s plans for a nightly visitor tax. “In…
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BrewDog founder ‘considering delaying his marriage to Georgia Toffolo for tax relief’ | Money News
Read Latest News Brewdog founder James Watt has been met with criticism after asking his followers to vote on whether he should delay his marriage to TV star Georgia Toffolo to ensure he does not miss out on tax relief. The founder of the brewery and pub chain, who stepped down as chief executive of…
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BrewDog co-founder may delay marriage to max-out tax relief
Read Latest News BrewDog co-founder James Watt has said he may delay his marriage to reality TV star Georgia Toffolo for three years, in order to avoid missing out on tax relief for investing in her raw dog food business. Posting on LinkedIn on Tuesday, the multimillionaire said his tax adviser had “dropped a bombshell”…
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Andrew Tate and brother Tristan lose £2.8m court case over unpaid tax claims | UK News
Read Latest News Controversial social media influencer Andrew Tate and his brother Tristan must forfeit more than £2m after a judge ruled they failed to pay any tax on £21m in revenue from online businesses including OnlyFans. Devon and Cornwall Police brought the civil case to seize £2.8m held in seven frozen bank accounts from…
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Council tax increases to raise up to £330m for police forces
Read Latest News Police forces in England and Wales could get up to £17.4bn in funding in 2025-26, an increase of £986.9m, or 3.5%, on the previous year. However, around a third of the rise will be dependent on police and crime commissioners adding £14 to the council tax of an average band D property.…
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Council tax to rise to pay for 3.5% police force funding increase | Politics News
Read Latest News Council tax bills are set to rise to pay for a 3.5% real terms increase in funding for police forces next year, the government has announced. Council taxpayers in England and Wales will be asked to collectively pay an extra £329.8m to help pay for the funding increase, policing minister Dame Diana…
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British hedge fund manager Sanjay Shah given 12-year jail term in Denmark over £1bn tax fraud | UK News
Read Latest News A British hedge funder trader has been sentenced to 12 years in prison in Denmark over a £1bn tax fraud. Sanjay Shah, 54, was behind a trading scheme known as “cum-ex” that was found to have fraudulently secured 9bn Danish Krone (£1bn) in dividend tax refunds from the Danish treasury between 2012…
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Currys says price rises ‘inevitable’ after Budget tax changes
Read Latest News Electrical goods retailer Currys has said that some price increases will be “inevitable” after tax rises announced in the latest Budget. Currys boss Alex Baldock said the “unwelcome” tax changes announced by Chancellor Rachel Reeves will also put a dampener on investment and hiring plans. A rise in employer National Insurance contributions…
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Rhetoric rises in famer inheritance tax row – with neither side seemingly prepared to budge | Money News
Read Latest News Labour’s rural problem has reared its head once more. This time, the government is facing down fierce opposition over changes to inheritance tax. Unless a breakthrough is achieved, Labour’s rural problem risks becoming everyone’s problem. Protesters showed no sign of backing down on Tuesday. Farmers from across rural Britain got up in…
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Consult us on tax changes, farmers’ leaders urge Keir Starmer
Read Latest News Farmers’ leaders have urged the prime minister to put changes to agricultural inheritance tax on hold while ministers consult with them. National Farmers’ Union (NFU) president Tom Bradshaw told MPs farmers were ready to work with the government, adding later that there were “many ways” to make the policy “less bad”. Protesters…
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Starmer says he can’t rule out further tax rises before next election | Politics News
Read Latest News Sir Keir Starmer has said it is not his “plan” to increase any more taxes before the next election – but he cannot categorically rule them out if “unforeseen circumstances” strike the government. The prime minister told the BBC he did not “want to suggest we’re going to keep coming back for…
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No plan for more tax rises, Starmer tells BBC
Read Latest News Prime Minister Sir Keir Starmer has told the BBC it is not his “plan” to have any more tax rises before the next election – but says he could not rule them out in the event of “unforeseen” circumstances. The prime minister was speaking to BBC Breakfast shortly after setting out six…
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Pembrokeshire MP’s family transferred farm before tax rule changes
Read Latest News Henry Tufnell/X Questions have been raised as to whether Henry Tufnell MP passed on information to his family A Labour MP’s parents transferred ownership of farm land to one of their sons days before changes to inheritance tax rules were announced. Questions have been asked about whether Mid and South Pembrokeshire MP…
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Farmers in ‘catch-22’ as investing in environment could push up inheritance tax | Politics News
Read Latest News Farmers are being forced into a catch-22 situation as they grapple with investing in environmentally friendly farming that could push them into paying inheritance tax, some farmers claim. The government has defended imposing 20% inheritance tax on farms worth more than £1m by saying they are supporting farming by putting £5bn towards…
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Council tax hikes should be kept to minimum, Shona Robison says
Read Latest News PA Media Finance Secretary Shona Robison says council’s should be “sensible” about tax increases Council tax increases should be kept to a “minimum” next year, Finance Secretary Shona Robison has claimed. Her government is planning to end a freeze on local authority levies from April. Robison said a proposed £1bn uplift in…
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Lib Dems call for working farms to be exempt from inheritance tax
Read Latest News PA Media The Liberal Democrats have called for the government to exempt “working farms” from its inheritance tax plans. Under plans announced in the Budget, inherited agricultural properties worth more than £1m will be subject to inheritance tax at 20% from April 2026 – having previously been exempt. There is a higher…
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Future tax rises won’t be needed, insists Rachel Reeves
Read Latest News The chancellor has said she will not need to raise taxes to “top up” public spending, after facing pressure to spell out her future tax plans. Rachel Reeves made headlines last week by telling a business conference she would not be “coming back” with tax hikes in the coming years. She declined…
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Joe Biden has pardoned Hunter on tax and gun charges – but how did the cases against the president’s son unfold? | US News
Read Latest News President Joe Biden has issued a “full and unconditional” pardon for his son Hunter – just days before he was set to be sentenced. Hunter, 54, was convicted of three firearm charges in June, marking the first criminal prosecution of a sitting US president’s child. Then, two months later, Hunter pleaded guilty…
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Scottish Budget must not cap council tax rises
Read Latest News PA Media Finance Secretary Shona Robison will present her Budget on Wednesday Scotland’s Budget needs to end a freeze on council tax and must not cap possible increases, local government body Cosla says. Katie Hagmann, the group’s resources spokesperson, said a council tax increase was essential due to the “need to protect…
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Harry Potter star Rupert Grint ordered to pay further £1.8m in tax | UK News
Read Latest News Former Harry Potter star Rupert Grint has been ordered to pay £1.8m in tax. The Ron Weasley actor lost a legal battle with HM Revenue and Customs in 2019 and was ordered to pay the sum following an investigation into his tax return from the 2011-12 tax year. Grint had received a…
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Harry Potter star to pay £1.8m after losing tax battle
Read Latest News Former Harry Potter star Rupert Grint has been ordered to pay £1.8m in tax after losing a legal battle with HM Revenue & Customs. Grint, who played Ron Weasley in the films, was originally told to pay the sum in 2019 after an HMRC investigation disputed one of his tax returns. Lawyers…
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Farmers protest changes to inheritance tax
Read Latest News Dozens of farmers have staged a go-slow tractor protest on the roads of Dover over changes to inheritance tax. The protestors called on the government to “stop betraying” British farming and rural communities. From April 2026, inherited agricultural assets worth more than £1m, which were previously exempt, will be liable to the…
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Farmers’ inheritance tax could affect five times more farms than Treasury said, analysis finds | Politics News
Read Latest News The new inheritance tax policy could affect up to five times more farms than the Treasury initially said, according to new analysis. The government said its plan to impose 20% inheritance tax on farms worth more than £1m will affect 500 farms in the 2026-2027 financial year, based on analysis of past…
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‘No more tax rises, insists Reeves’ and ‘PM in jobs push’
Read Latest News A number of Tuesday’s newspapers lead with Chancellor Rachel Reeves defending the Budget and ruling out further tax rises. The Daily Mail says that in a bid to head off a “growing business revolt over her £40 billion ‘tax-bomb’ Budget”, Reeves told the Confederation of British Industry (CBI) conference she was “not…
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Welsh tourist tax could see visitors charged £1.25 a night | UK News
Read Latest News Tourists visiting Wales could soon face a tax of up to £1.25 per person per night. That would mean a family of four holidaying in Wales for a week would face a bill of £35. The levy could generate up to £33m, the Welsh government said, which would be used to support local…
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Budget tax rises will make it harder to hire, says CBI
Read Latest News Tax rises in the Budget have made it more difficult for firms to “take a chance” on hiring people, according to one of Britain’s most prominent business groups. In a speech at its annual conference on Monday, the boss of the Confederation of British Industry (CBI) will say the changes are undermining…
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Treasury to give Scotland £300m as tax hike compensation
Read Latest News The Scottish government should receive an extra £300m to cover the planned increase to employer National Insurance contributions, the BBC has learned. Last week, Treasury officials are said to have told their counterparts in Edinburgh that they should receive in the range of between £295m and £330m extra – though the Scottish…
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‘When you hit profits, you hit growth’: Businesses criticise biggest budget tax increase in decades | UK News
Read Latest News Tax rises announced during the recent budget will hit businesses rather than encourage growth, the head of one of the UK’s most prominent business groups will warn on Monday. The Confederation of British Industry (CBI) has joined a choir of voices opposing Chancellor Rachel Reeves’s fiscal measures, which the Labour Party claims…
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Farming tax row – BBC Verify on which figures are more reliable and why
Read Latest News Getty Images Since the government unveiled its new inheritance tax plans for farmers in last month’s Budget, there has been intense debate about how many people will be affected and to what extent. Many of the claims from the government have been hotly contested by farmers, and BBC Verify has come under…
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How family firms could be affected by Budget tax rises
Read Latest News David Ho Thistle Seafoods has been a family-owned business for generations Farmers have dominated the debate over the recent Budget’s change to inheritance tax – but the issue is much wider than that. Family businesses are affected in the same ways, and there are many more of them. As the implications dawn…
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Angela Rayner criticises ‘scaremongering’ over inheritance tax changes for farmers | Politics News
Read Latest News Angela Rayner has criticised “scaremongering” over Labour’s reforms to inheritance tax on farms. The deputy prime minister had to defend the government’s changes to the levy in a bruising House of Commons session, as she stood in for Sir Keir Starmer while the prime minister was away at a G20 summit. It…
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Surgeries on ‘precipice’ ahead of tax hike, says GP
Read Latest News BBC Dr Andrew Purbrick, who represents thousands of GPs in the south of England, says surgeries are facing a “funding crisis” GP practices could be pushed “over the edge” by a planned rise in the National Insurance (NI) rate for employers, a doctor has said. The government has said the NHS and…
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Clarkson clashes with BBC over inheritance tax comment
Read Latest News TV presenter and journalist Jeremy Clarkson has had a heated exchange with BBC Newsnight’s Victoria Derbyshire about his own remarks that he bought a farm to avoid inheritance tax. Clarkson has fronted the Amazon Prime show Clarkson’s Farm since 2021, about efforts to run the 1,000 acre Diddly Squat farm near Chipping…
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Thousands of farmers descend on Downing Street to protest against inheritance tax changes | UK News
Read Latest News Thousands of farmers from across the UK are gathering in central London in the biggest protest yet against the government’s changes to inheritance tax rules. The reforms, announced in last month’s budget, will mean farms worth over £1m will be subject to 20% inheritance tax from April 2026. Farmers say that will…
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Farmers on why they’re protesting in London about inheritance tax
Read Latest News Farmers are protesting in London over inheritance tax changes announced in the Budget, as the row grows over how many farms it might affect. The National Farmers’ Union calls the move “disastrous”, whilst Prime Minister Sir Keir Starmer has insisted the “vast majority” of farms will be unaffected by the changes. Source…
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The farming inheritance tax row explained
Read Latest News BBC Verify examines the different claims about how many farms will be affected by the inheritance tax changes for agricultural assets. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are…
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Warning retail job cuts ‘inevitable’ after NI tax rise in Budget
Read Latest News Getty Images High Street job losses are “inevitable”, prices will rise, and shops will close because of tax rises in the Budget and other rising costs, a group of the biggest retailers in the UK is warning. Tesco, Amazon, Greggs, Next and dozens of other chains are urging the Treasury to reconsider…
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Farmers march in inheritance tax protest in London
Read Latest News Farmers on why they’re protesting about inheritance tax Thousands of people have protested in London over changes to inheritance tax for farmers announced in the Budget. Among those marching in Whitehall was TV presenter Jeremy Clarkson, who said “it’s the end” for farmers, as he called for the government to change its…
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Jeremy Clarkson says government should ‘back down’ on farmers’ inheritance tax as he joins protest
Read Latest News <a href='https://news.sky.com/story/jeremy-clarkson-says-government-should-back-down-on-farmers-inheritance-tax-as-he-joins-london-protest-13256695'>Jeremy Clarkson says government should 'back down' on farmers' inheritance tax as he joins protest</a> Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on…
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Farmers protest against inheritance tax changes
Read Latest News The farmers’ demonstration was best summed up in two images: real tractors being driven by farmers around Parliament Square, and beside them a collection of toy tractors being peddled around by their children. They illustrated the essence of the farmers’ argument: there is a deep-seated cultural expectation that they will pass on…
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Denmark agrees deal to tax farmers for livestock emissions
Read Latest News Denmark has agreed on how to implement the world’s first tax on agricultural emissions, including flatulence by livestock. This comes after months of negotiations between the country’s major parties, farmers, the industry, trade unions and environmental groups. The Green Tripartite agreement was first announced in June. From 2030, farmers will have to…