Link: Graduate tax on the way
While the renewed push will not differ in terms of content, the alternative spin is hoped to persuade dissident Labour backbenchers that the system is fair.
‘This package contains all the best elements of a graduate tax,’ the Times reported one official as saying. ‘You pay nothing up front and only start to repay once you are earning over £15,000.
‘The levy is limited to what you and only you owe, and students will not end up paying many times over.’
The Times reported that officials are furious the term ‘top-up fees’ ever came to light.
The Bill is expected to be formally announced in the Queen’s Speech, with information packs already produced for Labour backbenchers to study on their return from the summer recess.
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