Archive: Taxation

£500m tax avoidance sting for 'abusive' Barclays

Government refused to name Barclays as the bank

High street bank Barclays is being forced to pay £500 million to the taxman after an unusual move from ministers.

Nearly 32% of shareholders reject Barclays pay deal

Comment: Tackling tax avoidance is political, not practical

Robin Hood Tax campaign: Barclays bonuses are unreasonable

Middle-income households face 'double whammy'

Labour said 160,000 households currently eligible for child benefit will enter the higher rate tomorrow, along with 20,000 single-income families.

Middle-earners face a 'double whammy' as they are both pulled into the higher income bracket and subsequently lose their child benefits, Labour has claimed.

Lib Dems morph mansions tax to end 50p rate

The Liberal Democrats' proposals to make those living in expensive houses pay more will be followed through, Nick Clegg has said.

Budget 2011: Osborne cuts corporation tax even further

Corporation tax cut will be welcomed in the City

Another cut in corporation tax is the largest in a number of measures aimed at helping Britain's economy return to growth.

Budget 2011: Lib Dem tax goal moves closer

Lib Dems want personal allowance raised to £10,000

The personal allowance for under-65s took a step closer towards the Liberal Democrats' £10,000 goal in today's Budget.

Labour loses Commons vote on petrol prices

Pumping gas: Some motorists complain they are being priced off the roads

Labour has lost a vote on petrol prices, after a debate calling for a cut in the level of VAT at the pump.

Osborne's £800m raid hits banks

Some bad news over breakfast for City bankers

The City's bankers found themselves £800 million worse off this morning after chancellor George Osborne unexpectedly hiked taxes.

'Osborne the Grinch': Your £283 Xmas tax bill

Resemblance? The beneficiary of the £7.2 billion Christmas tax bill

The tax bill on Christmas purchases for the average family will mount to £283 this year, the Taxpayers' Alliance warns.

Treasury moves to clamp down on tax avoidance

Sir Philip Green has been a focus of campaigners' ire over tax avoidance

The Treasury hopes to secure a windfall of £2 billion and protect a further £5 billion from measures to crack down on tax avoidance.

Retailers warn of austerity inflation

Consumer confidence will continue to suffer, retailers warn

Government austerity measures may not stem rising inflation, retailers have warned.

Inflation remains above-target

The rate of inflation measured by the Consumer Price Index (CPI) has remained steady at 3.1%.

Spending Review: Retailers warn govt over business rates

Retailers have asked the government to reconsider how it determines business rates

Retailers have urged the government to rethink the way it charges business rates, if companies are to cope with the impact of the spending review.

Rise in 'working poor'

Poverty is rising among those in employment, according to IPPR's report

A dramatic increase in unemployed poverty has been spared at the cost of a rise in the number of "working poor", the IPPR thinktank has suggested.

Lib Dems to look at 'land value' tax

The plans will be debated at the Lib Dem conference later this month

The Liberal Democrat conference will hear a motion for research into 'land value' tax when it meets in Liverpool later this month.

HMRC tries to correct 6m 'mistaken' tax bills

HMRC is attempting to recoup and pay back money simultaneously

Inland Revenue has begun its attempt to address the gargantuan errors that saw six million people either under or over-paying on their tax bills.

Retail appointment ruffles Lib Dems

Sir Philip Green's efficiency review will report back this autumn

The coalition government's new efficiency advisor Sir Philip Green is provoking growing disquiet from Liberal Democrat MPs.

Darling: I wanted to raise VAT

Alistair Darling prepares his final Budget - which did not contain a VAT hike, against his wishes

Former chancellor Alistair Darling has admitted he was barred from raising VAT by Gordon Brown.

Chancellor tackles 'spaghetti bowl' tax system

Confused? Osborne wants to simplify the tax system

The chancellor of the exchequer has launched a new body that aims to simplify the tax system.

Rebels fail to topple VAT hike

The Chancellor plans to tackle the deficit through a VAT hike

The controversial VAT increase has survived a vote in the Commons despite hostility from both government and opposition MPs.

City wary of new banking tax

A new tax on Britain's banks has fuelled disquiet in the City as the coalition government sharpened its rhetoric.

Redwood fights on over capital gains

Conservative malcontent John Redwood has offered a "compromise" arrangement in his bid to talk George Osborne out of increasing capital gains tax (CGT) rates in next week's Budget.

Business jitters at CGT plans

George Osborne must avoid tax rises in the coming emergency Budget, the CBI has demanded, as it piles pressure on the government's capital gains tax plans.

Capital gains tax climbdown risks coalition

Small-scale investors would be hit by a reduction in the CGT threshold

Energy secretary Chris Huhne has fired a warning shot about the coalition's cohesiveness after reports emerged that George Osborne may make concessions on capital gains tax (CGT).