It’s good to hear that the Chancellor of the Exchequer Sajid Javid is committed to low taxes and a simpler tax system. To get the ball rolling, RSM’s experienced tax advisers suggest changes which they know their clients would like the Chancellor to make.
The UK tax system is delicately balanced, with more people than ever before either paying no tax or paying income tax at top rates. The Chancellor of the Exchequer may be tempted to introduce additional top rates of income tax in his budget. However, care will be required to avoid driving more high-earners out of the country.
With the Prime Minister under attack for alleged blatant electioneering, we take a look at the total cost of the new policy measures which he has announced. These could be paid for through borrowing or tax increases. What might the tax increases look like?
A recent judgement by The Court of Protection provides a timely reminder for everyone to take care of their lifetime giving and to document how they want their wealth to be disbursed.
As long ago as 2012 the government was warned that public sector employees, including doctors, would be adversely affected by a complex range of pensions tax changes which were then being debated. Seven years later, it’s time for the Treasury to clear up the mess by scrapping the annual allowance taper.
Summer’s here, and along with enjoying the sunshine businesses around the UK often offer internships or work experience to students. But how should they be treated? Do they need to be paid?
Primark, a real success story for the high street, has announced it is seeking rent reductions of up to 30 per cent on leases coming up for renewal. While less prosperous competitors have been using Company Voluntary Arrangements (CVAs) to encourage landlords into accepting lower rents to retain a tenant, Primark is taking a different approach.
Research and Markets predicts that the global food tech industry is expected to exceed $250 billion by 2022. Find out how the digital economy has been a major player in reinventing the food and drink market.
The Supreme Court has ruled that a Scottish farmer is entitled to recover more than £1m of VAT incurred on the purchase of more than £7m of EU farm subsidies - a decision which could prompt many other UK taxpayers to revisit VAT they’ve blocked on fundraising activities.