According to the Institute for Fiscal Studies, UK tax levels are at their highest since records began 70 years ago. After the usual speculation in the press over the last week, we learned today from Chancellor Jeremy Hunt in his Autumn Statement mini-budget whether there would be any tax cuts. There were no proposed changes […]

The Chancellor’s Autumn Statement provided several changes and new provisions to consider, the most relevant of which are summarised below. Stamp Duty  Under existing rules taxpayers have to pay stamp duty land tax at a single rate on the entire, property value. Under the Autumn Statement taxpayers are now only required to pay the rate […]

Just like the US, the UK is on the hunt for delinquent filers and tax evaders!  In the Chancellor’s Autumn statement, made earlier today, George Osbourne focussed strongly on this, stating that while the vast majority of people pay their taxes, there are still too many who evade taxes and this must be stopped.  He […]