City AM
Tax simplification in Budget 2012 has been squandered
The Government is defending new taxes on everything from pensioners’ incomes to Cornish pasties on the grounds that they need to make the tax system fairer and simpler. Unfortunately the Chartered Institute of Taxation has taken a look at the Finance Bill, the legislation that implements the changes announced, and found that it is the longest [...] Read the rest of this entry »
Tax simplification in Budget 2012 has been squandered
The Government is defending new taxes on everything from pensioners’ incomes to Cornish pasties on the grounds that they need to make the tax system fairer and simpler. Unfortunately the Chartered Institute of Taxation has taken a look at the Finance Bill, the legislation that implements the changes announced, and found that it is the longest [...] Read the rest of this entry »
Clegg is right on the personal allowance – take the poorest out of tax
The Deputy Prime Minister, Nick Clegg, has said he thinks the Coalition should speed up the implementation of its pledge to increase the amount of money people can earn before they have to pay Income Tax (the ‘personal allowance’) to £10,000. The level is currently £7,475 and is scheduled to rise to £8,105 but Mr [...] Read the rest of this entry »
Clegg is right on the personal allowance – take the poorest out of tax
The Deputy Prime Minister, Nick Clegg, has said he thinks the Coalition should speed up the implementation of its pledge to increase the amount of money people can earn before they have to pay Income Tax (the ‘personal allowance’) to £10,000. The level is currently £7,475 and is scheduled to rise to £8,105 but Mr [...] Read the rest of this entry »
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