A report by think-tank the Fabian Society has suggested that people earning #100,000 or more a year should be shifted into a higher tax band of 50p in the pound. According to the report, the government collects only 37% of its income in national income tax, compared to the EU average of 41.5%, and it proposes that the wealthy assume the extra #3bn in tax a year. The introduction of a tax band of 50p for incomes of #100,000 a year would not increase the tax burden but redistribute it, the organisation said.
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