The Tory party is considering plans for a flat tax, The Times
George Osborne, the shadow chancellor, has set up a commission to investigate
the idea, in vogue amongst right-wing commentators.
A flat tax rate has been introduced in several Eastern European countries and
is understood to be an idea being considered by Angela Merkel in Germany.
Osborne rejected the idea that it would be a regressive tax system.
‘Most flat-tax ideas also involve a very high personal allowance. In other
words, for example, people wouldn’t pay tax at all on their first £10,000, or
£12,000, or £15,000 of income,’ he 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