The UK’s borrowing will fall to 1.1% of GDP within five years, Chancellor
George Osborne has predicted in his first budget speech.
Osborne said he aims to bring the deficit back under control, reducing the
debt to less than a tenth of its current levels, to 1.1% of GDP by 2015.
This will be achieved, Osborne claimed, through a round of spending cuts and
“My measures today means 77 % of the total consolidation will be brought
through spending reduction,” he said.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed