Tag Archives: budget

Top Rate of Tax to be Reduced in Budget ?

The Chancellor has claimed figures show a rise in the tax-take form top earners since he reduced the top rate of income tax from 50% down to 45%. The Shadow Chancellor claims the figures have been distorted and calls them … Continue reading

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Summer Budget on 8th July

The Treasury have announced the post-election summer budget is to be on Wednesday 8th July. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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Budget – Bank Mis-Selling Tax Loophole Closed

A tax loophole used by the banks to make, even more, profit, from mis-selling is to be closed it was announced in the Budget. Currently banks can claim tax relief against the full provisions they set aside for mis-selling. All … Continue reading

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A Budget ‘Google Tax’ ?

The usual pre-budget speculation includes a suggestion that the Chancellor will introduce a special ‘Google tax’ on internet and technology companies, normally US, that somehow arrange to hardly ever make a UK taxable profit on vast UK sales. It has … Continue reading

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Budget Wednesday 18th March

The Budget is next week on Wednesday 18th March. As a tax barrister I expect it should follow the pattern set by the Autumn Statement from last year with maybe some eye-catching pre-election giveaway, but as ever the devil is … Continue reading

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Inheritance Tax-Take Just Keeps Going Up

The tax-take from inheritance tax (IHT) just keeps going up and up. Currently IHT brings in about £3.5 billion a year. But the Office of Budget Responsibility (OBR), which checks the governments figures, has increased its estimate of the IHT … Continue reading

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Finance Bill Due 21st March

Following the Budget the Finance Bill will be published on Thursday 21st March. Every Budget produces lots of political spin, but it is only when the fine detail is published that the real deal can be analysed. Eamon McNicholas Tax … Continue reading

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