Government revenues will rise by £2.5bn once the effect of today’s
announcements in the PBR work through, according to Chris Sanger of Ernst &
The chancellor’s moves will see an extra £2bn collected from oil companies in
2006.7 and £2.2bn thereafter.
Measures to crack down on tax avoidance will see the chancellor receive an
extra £300m through the capital loss provisions, £530m from small business
changes (which mean a return to the previous rules) and £120m from changes to
This year the government will pay out a modest amount more due to the delayed
effect of the changes, but taxes will rise by £2.54bn by 2008/9, said Sanger.
"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