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There are widespread reports that the Budget will increase tax on banks. This follows claims from the TUC that banks are under-taxed, and claims from UK Finance that they’re overtaxed. We’ve compared ...
For the third Budget in a row, everyone’s talking about capital gains tax. The Chancellor, John Healey, says he won’t give “any answers or signals that will fuel Budget speculation”, but in the same ...
Manchester City’s rule-breaking may go beyond football. The independent Commission found that the club inflated its income, concealed expenses and paid a key individual through a sham consultancy.
Fewer than 5% of estates currently pay inheritance tax. 1 But that statistic counts the dead; if we want to understand why inheritance tax is so unpopular, we should count the living instead. We’ve ...
People often talk about the Laffer curve: the idea that if you raise a tax beyond a certain point, you may in fact reduce revenues. Laffer curve effects are rather more common in newspaper headlines ...
Keir Starmer announced £15 billion of additional defence spending – £4.7bn of that is currently unfunded. That leaves Andy Burnham, expected to become Prime Minister, with a problem. Where is he going ...
It’s the UK’s biggest and least discussed tax problem. There’s between £30bn and £48bn missing from each year’s small business tax bills. It’s been getting worse – and nobody knows why. There’s no ...
The Royal Household has, for the first time, disclosed how much voluntary “tax” the King pays: £12.9m for 2024/25, £11.7m for 2023/24, and a little over £5.4m for the six months of 2022/23 in which he ...
Tax in the UK is the highest it’s been since 1945. That’s well understood – but another trend has been largely missed: the number of taxes in the UK is at its highest since the end of the Napoleonic ...
As we reported last year, Robert Venables KC is being prosecuted for tax evasion in respect of his own tax planning arrangements. This is the prosecution’s opening note. It includes details of Mr ...
The UK has 90 taxes. 1 This chart shows them all, and this article explains why we have so many. Update 29 May 2026: the Exchequer Secretary to the Treasury responded to this article by pointing out ...