NICK CLEGG is ready to support axeing the 50p top rate of income tax in this month’s Budget in return for taxes on the wealthy, possibly on their mansions or pensions.
The Deputy prime minister has told David Cameron that he is not ideologically wedded to the 50p tax rate on earnings over £150,000 but that he could support its abolition only if it was offset by measures to extract even greater revenues from the wealthy, the Financial Times reported.
The big stumbling block to the abolition of the 50p rate could be David Cameron, who has signalled his instinctive opposition to new taxes on the wealthy, while many Conservative MPs also oppose any new taxes on principle, the FT reported.
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