Tax Saving Accountants

Tory Leader Ruth Davidson asks for Low Taxes for Scotland

Tory Leader asks for Low Taxes for Scotland, Leader of the Scottish Tories, Rush Davidson has recently said that she believes the Scottish government needs to pledge to never raise taxes higher than everywhere else in the UK in order to prevent the top-rate taxpayers leaving Scotland in order to work in England. Ms Davidson […]

Tax Saving Accountants

Thousands of Young Brits Could Be Hit by EU Migrant Benefit Plan

As the government negotiates its EU membership, plans to tighten the benefit rules for EU migrants is currently coming under the spotlight. One of the key parts of negotiations is a four-year residency test, however lawyers say that only applying a test to migrants would be a breach of EU laws. The government is now […]

Tax Saving Accountants

HSBC has Great First Half of Year as Pre-tax Profit Climbs to 10%

HSBC is the largest bank in Europe, and pre-tax profit at the bank was up a healthy 10% during the first half of this year when compared with this time last year. The pre-tax profit climbed to £8.7bn ($13.6bn) in the first half of the year, compared with $12.3bn this tie last year, higher than […]

Tax Saving Accountants

Miliband Calls for HMRC To Be Independently Reviewed

Momentum is currently growing for an independent review of HMRC, after Paul Aplin (Chairman of the tax faculty committee at the Institute of Chartered Accountants in England and Wales) suggested that HM Revenue and Customs be reviewed in an effort to improve its current performance. Labour leader Ed Miliband has committed to an independent review […]

Tax Saving Accountants

Britain’s Renegotiation with the EU to include Tax Credit Changes

Sajid Javid, business secretary, said that limiting the rights of migrants from the UK to claim benefits is a huge part of the renegotiation of the UK’s relationship with the EU. The tax credit changes would mean that EU migrants could no longer receive the £700 pounds they usually receive in tax credits, which is […]

Tax Saving Accountants

Budget Deficit is Narrowing after Boost from Duties and Taxes

The public sector budget deficit in Britain was helped by lower interest bills on the government debt as well as a decrease in Whitehall spending in April. The Office for National Statistics recently said that government borrowing was down almost 27 percent at £6.8b from the previous year. The budget deficit is narrowing which gives […]

Tax Saving Accountants

Annual Tax Returns will be Phased out in the UK in Within the Next Five Years

George Osborne, Britain’s Chancellor of the Exchequer recently announced on March 18 during his Budget 2015 speech, that annual tax returns will be phased out within five years. Instead, HM Revenue and Customs (HMRC) the United Kingdom’s tax regulator, will be making it much easier for a new company to register and sign up for […]

Tax Saving Accountants

The UK will be Increasing Fines for Tax Evaders

The UK will soon be increasing penalties for those failing to pay taxes due on money in offshore banks, and will also be levying large fines on companies who try to evade taxes, along with those who help them. These new plans come as a response to the controversy caused by disclosures that HSBC had […]

Tax Saving Accountants

UK Government rejects higher Diesel Tax to deal with Pollution

The British government has rejected the idea of raising taxes on diesel vehicles in order to reduce air pollution. Britain has been consistently failing to meet the European Union limits on nitrogen dioxide-produced by diesel engines. Nitrogen dioxide and diesel particular matter is especially harmful to respiratory systems. The parliamentary Environmental Audit Committee published a […]

Tax Saving Accountants

Conservatives may Raise Inheritance Tax Threshold to £1m

The hugely unpopular “death tax” may be overhauled, making it fairer for those living down south, and ensuring that wealthier people won’t be the only ones to benefit. The current one-size-fits-all policy means that those living in areas with higher valued houses are paying much more inheritance tax, as higher house prices  often push their […]

Copyright © Exists 2015 Stonehouse Accountants. All Rights Reserved.