Newsroom

-
The Treasury is considering a punitive tax on non-recyclable plastics that would deter their continued use. The Independent claims to have spoken exclusively with Whitehall officials, who told it the new tax would be set so "exorbitantly high" that...
-
HMRC has issued a statement outlining how taxation is changing in Wales, with the devolved government in Cardiff being handed new tax powers. Taking effect from April next year, the changes will see income tax and property transaction tax rates set in the...
-
The number of defined benefit (DB) scheme members transferring their money into alternative savings soared to 100,000 in the year ending in March 2018, according to The Pensions Regulator. Financial services firm Royal London obtained the data via a Freedom...
-
The government has revealed it wants to change the tax system in a bid to reduce pollution from vans, with higher levies on vehicles that produce more emissions. It has launched a consultation on a plan to change the excise duty on vans - currently a flat...
-
The Low Incomes Tax Reform Group (LITRG) has welcomed the publication of the first annual strategy by the government's Director of Labour Market Enforcement David Metcalf. Mr Metcalfe has listed 37 proposals to deal with issues concerning low-paid workers...
-
Unions representing steelworkers at Tata plants in the UK have urged the company to restore pension benefits that were axed as part of the recent restructuring of the company. The call comes after the firm reported an unexpectedly large pre-tax profit of...
-
New taxes on landlords, such as the second home stamp duty surcharge introduced in 2016, could lead to as many as 380,000 (19 per cent of the total) selling up, according to the Residential Landlords' Association (RLA). Of these, just seven per cent will...
-
Young people who never get on the housing ladder could end up needing a pension pot worth as much as £445,000 to be comfortable in retirement, according to a new paper by Royal London titled 'Will we ever summit the Pensions Mountain?'. The...
-
Proposals to ban contingent charging for defined benefit pension transfer advice have been backed by financial services firm Aviva, with Chief Executive of Life Business at the company Andy Briggs expressing concern about the potential conflict of interest...
-
The Chartered Institute of Taxation (CIOT) has claimed the proposed extension of the time limits available to HMRC to assess potential cases of tax errors or accidental avoidance regarding offshore matters is disproportionate. Announced in the Budget last...