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In 2023/24, income tax receipts in the United Kingdom amounted to 273.3 billion British pounds, compared with 248.4 billion in the previous year.
Effective 1 April 2023, the rate of Plastic Packaging T will increase to £210.82 per tonne (from £200 per tonne).
Midweek Tax News provides you with a succinct overview of the key tax developments that have occurred each week to allow you to stay up-to-date on tax issues that may have an impact on your business.
In its election manifesto, the Labour Party committed to building 1.5 million new homes, including "the biggest increase in social and affordable housebuilding in a generation." - Ryan Browne Fri, Jul 5 20242:58 AM EDT Growth of Reform UK the 'catalyst' for the Conservative's decline in el...
The article discusses the impact of the impending increase in the standard rate of the value-added tax (VAT) in Great Britain to take effect from January 4, 2011 on the secondary aluminium producers. The VAT will rise to 20 percent from 17.5 percent as announced by the British government ...
If you later sell, exchange, or dispose of the cryptocurrency, you may owe Capital Gains Tax on any increase in value since you received it. Inheritance Tax: If the total value of gifts given by an individual within seven years before their death exceeds the Inheritance Tax threshold (£32...
In April 2024, it will drop again, to £3,000. Capital gains tax is the tax on gains received when you sell or dispose of an asset such as property. In very simple terms the total gain, or profit, is calculated by subtracting the sale value from the original purchase value. If you...
In November 2024, the CPIH inflation rate of the United Kingdom was 3.5 percent, an increase on the previous month.
Fall in private sector employment blamed on Reeves’ £25bn increase in employers’ national insurance contributions December 16 2024 UK private sector employment shrinks at fastest pace since 2021 S&P data for December follows tax rises on business in autumn Budget ...