tax

Economy IMF in new tax onslaught on rich Kenyans, large investors Friday January 26 2024 Multiple tax incentives and exemptions handed out to the ultra-wealthy and large investors in the past decade are undermining Kenya’s ambition…

Kaye Adams appears to have finally won a ten-year battle with HM Revenue & Customs after the tax authority said it had decided not to appeal after her latest court win. The ITV presenter has been arguing her case that she is…

The Chancellor, Jeremy Hunt, has given strong hints that he wants to cut taxes in the spring Budget. Mr Hunt said that countries with lower taxes have more “dynamic, faster growing economies”. In the Autumn Statement, the chancellor…

The Chancellor, Jeremy Hunt, has given a strong hint that he wants to cut taxes in the spring Budget. Mr Hunt said that countries with lower taxes have more “dynamic, faster growing economies”. In the Autumn Statement, the chancellor…

The new usage tax based on kilometers traveled, which was approved this week in the revised 2024 budget, will apply from January 2026 to plug-in hybrid vehicles, and not just to pure electric vehicles. The Ministry of…

People with higher than average earnings will benefit from an addition to their net income of about NIS 300 monthly in 2024. This follows the rise in the Consumer Price Index of 3% in 2023. The income tax brackets are…

With the self-assessment tax return deadline looming, HMRC has highlighted that as many as 44,800 taxpayers have already chosen to spread their tax payments via payment plans with the tax office – however, millions of people yet to…

Mulberry has blamed a slowdown in demand for luxury spending and a lack of VAT free shopping for a nine per cent decline in sales over the golden quarter. The designer, best known for its handbags, said UK retail sales took and four…

Between 2018 and 2022, 420,000 late-filing penalties issued by the tax authority were to people who earned less than the personal tax allowance and therefore owed no tax. The research found that although the highest earners in the…

Income tax revenues have leapt by more than 70 per cent since 2010 to £264 billion, illustrating the sharp rise in the tax burden overseen by successive Conservative administrations since the party came to power more than a decade ago.…