The Prime Minister has made an embarrassing U-turn over cries to abolish the
10p tax rate, pledging to compensate more than five million people who forked
out more in tax.
The government refused to be moved on its position for weeks – but Gordon
Brown announced the dramatic change during a House of Commons session.
The moves came on the back of signs that Brown was sure to lose his first
Commons vote since becoming Prime Minister last summer.
The two groups hit by the tax, low paid workers with no children and
pensioners under 65, are both to be assisted in separate ways.
The pensioners are set to get changes to the winter fuel allowance, backdated
to April, will be aided by changes to the working tax credit.
Government has also tasked the Low Pay Commission to look at adjusting the
minimum wage regime to better assist younger workers.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
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