Middle income families are being hit hardest by the UK tax system, a report
by centre-Right think tank Reform says.
Middle income earners pay more tax as a proportion of their disposable income
than the very wealthy, the report says.
Whereas a household receiving £28,000 a year will pay 47.9% of that in tax,
earners in the top income bracket will pay 46.9%, the
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals