Stamp duty could be scrapped by Gordon Brown temporarily in a package
designed to turn around the faltering economy.
With the prime minister expected to announce details of how to rescue the
economy, reports suggest that suspending stamp duty could be a key plank of his
plans, according to the Sun.
Stamp duty is paid at 1% on homes bought for between £125,001 and £250,000,
3% between £250,001 and £500,000, and 4% over £500,000.
Billions of pounds have been spent on stamp duty over the last ten years due
to the availability of mortgages and rising house prices.
Other suggestions include an attempt to lower fuel costs and scrapping plans
for new vehicle tax rates.
"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