Supporting the renewable energy industry via blanket subsidies does not encourage the right behaviour, mindset or long-term thinking. Indeed, such subsidies may even stifle development and could give rise to ill feeling.
It has been widely suggested that, in tackling a global climate emergency, nations should effectively be on a war footing. With the concept of a climate emergency gaining more and more acceptance, we thought it would be interesting to look back to the UK War Budget introduced by Chancellor of the Exchequer Sir John Simon on 27 September 1939.
As the Tory leadership election enters its final phase, we now know that our next Prime Minister will either be Boris Johnson or Jeremy Hunt. Each have indicated their position on future tax policies; but what do they mean for UK taxpayers and will we see further divergence of UK and Scottish taxes as a consequence?
As the Brexit debate becomes intertwined with the current battle for the leadership of the Conservative Party, it seems an opportune moment to outline a myth-busting overview of what Article 24 actually means.
In the report ‘Land for the Many’, commissioned by the Labour party, a number of radical proposals have been made that seek to address wealth inequality in the UK. The proposals are courting some controversy but in contrast, calls for the introduction of a wealth tax, from US billionaires themselves, are gathering momentum in the US. So, can we learn anything from our American cousins and why is a tax on wealth gaining popularity?
We keep a close eye on new tax proposals put forward by the political parties to make sure that they are clear, sensible, workable, fair and transparent. In this blog, we look at two more tax proposals being considered by the Labour Party and we dissect the tax ideas of two surviving candidates for the role of leader of the Conservative party. The results are not flattering.
Can tech save us? Is technology the answer for an industry that needs revival? Find out from an investors point of view why the UK is an open playing field for emerging tech in the food and drink industry.
Last week, HMRC published a new toolkit to help taxpayers and their agents complete IHT forms. While some of the new guidance is useful, the toolkit fails to address how the forms should be interpreted in certain situations.
Consumers new ethical minds set looks like its here to stay. Find out more about the ways in which ‘going green’ is changing the market place and the challenges and opportunities which lie ahead for consumer businesses.
Changes in tax legislation usually take time but an announcement last week that VAT law applying to renewable energy certificates was changing overnight took many by surprise. With the latest tax gap figures due later this week, is this a sign that HMRC is getting smarter at tackling VAT fraud?