According to the Adam Smith Institute, Britons can celebrate ‘tax freedom day’, today, after calculating that 155 days of wages a year go to the government.
Next year the ASI expects tax freedom day to move to 7 June because of government spending plans and to 9 June in 2005. It also calculated the US tax freedom day as 19 April, six weeks earlier than the UK tax date.
Eamonn Butler, ASI director, said: ‘People often say that we seem to spend more time working for the taxman than they do working for themselves.
‘That’s an exaggeration, but it’s close to the mark, since we do spend 43% of our time working just to pay taxes.’
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