IFS claims UK taxes on motoring and alcohol are ‘a mess’
The Institute for Fiscal Studies (IFS) branded UK motoring and alcohol taxes “a mess” this week, claiming that the taxes were responsible for a shrinking share of receipts.
The Institute for Fiscal Studies (IFS) branded UK motoring and alcohol taxes “a mess” this week, claiming that the taxes were responsible for a shrinking share of receipts.
HMRC’s intelligent technology intercepted £100 million worth of fraudulent or incorrect tax repayment claims last year – but it’s recently been revealed that some online “phishing scams” and hackers were undeterred by the safeguards.
The Prime Minister this week revived proposals to allow shops to open for longer on Sundays.
Research from the Federation of Small Businesses (FSB) recently revealed that only 50% of small businesses in England’s north back George Osborne’s heavily publicised “Northern Powerhouse” plan.
Renewed concerns over a global slowdown are unlikely to derail Britain’s economy in 2016, a survey conducted by the National Institute of Economic and Social Research (NIESR) has revealed today.
With tens of thousands turning to online tax returns and new tax payment technology, Her Majesty’s Revenue and Customs (HMRC) intercepted a staggering 17,000 unjustified repayment claims this year.
According to the Confederation of British Industry (CBI), UK GDP grew at its slowest rate since mid-2013 in the three months to January of this year.
The European Commission has signalled it is ready to step up efforts to tackle tax avoidance.
Following the recent controversy over Google’s £130m tax back-payment to HM Revenue & Customs (HMRC), the TaxPayers’ Alliance (TPA) has called for a “radical simplification” of Britain’s tax laws.
The World Health Organisation (WHO) has joined those calling for a “sugar tax” on soft drinks in a major report on childhood obesity.
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