George Osborne presented his Autumn Statement to Parliament amid mixed messages spilling from the Treasury, and promoted in the national press, about what he would, and would not give away. The reported economic indicators were encouraging: 1.4% growth in the UK expected for 2013, 2.2% for 2014. Increase in jobs this year of 400,000. National debt: gradual decreases expected with Continue Reading
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Britain still has favoured tax regime for business
According to the Financial Times “Britain is still the favoured tax regime of business...”. Recent surveys have added a note of caution. Apparently, a growing number of organisations are concerned about the UK’s hardening attitude to tax avoidance. In an interesting twist in the mooted changes to international tax issues, UK resident businesses could be paying more tax to overseas Continue Reading
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Property taxes…
Since 2003 our Government has collected more than £45bn in stamp duty receipts from British householders buying homes across the UK. The figures disguise a massive increase in the impact of stamp duty land tax (SDLT) over this period as the volume of property purchases and sales has actually fallen by 45%. Ten years ago sales were 1.7m properties, in Continue Reading
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