Mayor of London unlikely to axe 50p tax rate
Boris Johnson claims it is unlikely the UK will drop the 50p tax rate in current climate
Boris Johnson claims it is unlikely the UK will drop the 50p tax rate in current climate
MAYOR OR LONDON Boris Johnson said he is “unlikely” to put an end to the 50p tax rate in the current climate but warned the City must be able to compete internationally.
Johnson recently said in an interview: “I don’t see any sign of it going soon,” The Telegraph reports.
Adding it was “probably unlikely” that the tax would not be cut in the current climate and that he didn’t “see any sign of it going soon”.
David Cameron said he still regarded the rate as a “temporary measure” but accepted it could not be scrapped until after the 2015 general election.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe report suggests a wide range of reforms focussed on bringing together corporation tax and accounts, including creating five year roadmap for CT re...
View articleAlleviating tax red tape, and stronger investment incentives, are key requests for the chancellor Philip Hammond to consider from the ACCA Read More...
View articleThe independent office looks to hear from taxpayers on how it can further simplify the UK's contrived tax system Read More...
View articleThe programme will force over six million people to pay more NIC's, but over seven million will end up paying less Read More...
View articleUK tax code is 12 times longer than King James Bible, and its intricacy encourages tax avoidance, a new report has found Read More...
View articleThe recommendations call for greater small business support from HMRC, as well as the sharing of information between government departments Read More...
View articleFormer chief executive of lobby group the British Bankers' Association Angela Knight fields MPs' questions over her suitability to head the Office of ...
View articleTaxpayers will be able to have a 'web chat' with HMRC from later in the month, as a more real-time tax system is set to be launched Read More...
View article