Finance News – Tax
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Thousands of pensioners overcharged £10,000 on pension withdrawals
Many retired individuals in the UK have received substantial tax refunds on pension withdrawals, highlighting significant financial corrections and the impact of recent government...
Read Full Article →With tax speculation festering, Rachel Reeves needs to show her hand | Richard Partington
The chancellor faces mounting pressure to clarify tax plans amid economic uncertainty, rising inflation, and borrowing challenges that continue to influence government fiscal decis...
Read Full Article →Bar boss quits Labour’s hospitality group after tax concerns
The departure of a leading figure in the British bar industry from a government advisory group highlights tensions surrounding proposed fiscal measures and their potential impact o...
Read Full Article →Head of IRS Crypto Work Exits as U.S. Tax Changes Loom For Digital Assets
The departure of the senior IRS official overseeing cryptocurrency matters may impact how upcoming tax regulations on digital assets are implemented and enforced in the United Stat...
Read Full Article →Fall Is Tax Time? Yes! Act Now to Make Needed Adjustments
During the autumn season, it is important to reevaluate your financial plans by updating tax-related contributions, considering bonus effects, and adjusting for significant life ch...
Read Full Article →Non-dom directors beware – leaving the UK comes with trade-offs
Moving abroad following recent tax policy changes may have important financial implications for non-dom directors, affecting their tax obligations and potentially influencing their...
Read Full Article →Reeves considering tax on high-value homes to help plug hole in finances
Plans to introduce a levy targeting valuable properties aim to generate significant revenue, potentially addressing budget shortfalls without altering existing income tax, VAT, or...
Read Full Article →OSB’s profit plunges due to falling interest rates
OneSavings Bank experienced a notable reduction in earnings during the first half of 2025, primarily driven by decreased returns from lending activities amid a lower interest rate...
Read Full Article →Spain slaps DeFi investor with $10.5M back tax for loan: Report
Spanish tax authorities have imposed a $10.5 million tax liability on a decentralized finance investor by treating a cryptocurrency-secured loan as taxable income under local regul...
Read Full Article →Reeves’ punitive property tax will hurt London the most
The proposed property tax under Reeves' plan may negatively impact the housing market, potentially leading to financial challenges for residents in London more than in other region...
Read Full Article →Do you have a high street full of gambling shops breeding poverty and addiction? I have a way to fig...
Increasing gambling taxes and empowering local authorities could generate substantial public revenue, helping address social challenges linked to the proliferation of betting estab...
Read Full Article →Jury finds Victorian business owner guilty of $87k tax scam
The court determined that the defendant unlawfully obtained a substantial refund from the tax authorities, impacting government revenue by nearly ninety thousand dollars through fr...
Read Full Article →Exclusive: UK football clubs owe £1m in tax to HMRC
As of May 2025, numerous lower division football teams in the UK collectively have over one million pounds outstanding in payroll tax payments to the national tax authority.
Read Full Article →Ask the Editor, August 15: Tax Questions on the OBBB, Tax Rates
This week's editorial addresses reader inquiries regarding the financial implications of the OBBB and potential adjustments to tax rates, highlighting key considerations for taxpay...
Read Full Article →Rumoured changes to inheritance tax gifting spark concern for middle-class
Potential adjustments to the rules governing transfers of wealth could lead to higher tax liabilities for many individuals, particularly impacting those within the middle-income br...
Read Full Article →New York lawmaker wants to tax crypto sales and transfers
The proposed legislation aims to generate additional state revenue by imposing taxes on transactions involving digital currencies, potentially affecting both individual investors a...
Read Full Article →UK economy grows faster than expected in June
The recent official statistics indicate a positive shift in the UK’s economic performance, with output increasing in June and contributing to overall quarterly growth despite previ...
Read Full Article →London ‘staring down the barrel’ of £2bn hit from higher business rates
The anticipated increase in business rates next April may result in London’s companies facing an additional financial burden of approximately £2 billion, significantly impacting op...
Read Full Article →Beazley: Shares slump after profit falls
Beazley experienced a significant decline in first-half earnings for 2025, which led to a notable decrease in its stock value, reflecting investor concerns about the company’s fina...
Read Full Article →UK inheritance tax: how does it work and what may be changing?
The government is considering adjustments to the rules surrounding asset transfers and donations to enhance revenue collection from estate levies, potentially impacting financial p...
Read Full Article →Ask the Editor, August 8: Tax Questions on Roth IRA Conversions
Converting a traditional IRA to a Roth IRA can impact your taxable income and future retirement savings, making it important to understand the potential tax consequences and long-t...
Read Full Article →Cosmetic surgery businesses in firing line for HMRC clampdown
HMRC’s increasing scrutiny of cosmetic surgery companies for potential VAT non-compliance could result in substantial financial liabilities and increased enforcement costs for busi...
Read Full Article →Uber rivals handed major VAT boost by Supreme Court
The Supreme Court's decision exempts certain private-hire taxi companies from a 20 percent tax on earnings outside London, potentially improving their financial position relative t...
Read Full Article →Uber loses UK supreme court appeal over tax on rival apps
The ruling means competing private-hire companies outside London are exempt from a 20% value-added tax, potentially influencing their overall operating costs and competitive positi...
Read Full Article →ASX set to fall, Wall Street drifts; $A slumps
The decline in Australian stocks and the U.S. market’s lack of direction reflect investor caution following the announcement of a moderate 15 percent tariff on European automotive...
Read Full Article →Martin Lewis on how to maximise your interest
Understanding which types of savings generate taxable interest and which do not can help individuals make informed decisions to optimize their overall returns effectively.
Read Full Article →Axe The Racing Tax: British Horseracing Authority launches petition
The British Horseracing Authority has initiated a petition to oppose a proposed tax increase that could reduce annual revenues by £66 million and threaten the livelihoods of thousa...
Read Full Article →What Queenie claims on tax as a content creator
The Australian Taxation Office increasingly monitors earnings from online activities, requiring platforms to disclose user revenues to ensure proper taxation of income derived from...
Read Full Article →Unlock Your Home Equity: Why Ending Capital Gains on Home Sales Would Be a Game Changer for Retirees
Eliminating taxes on profits from selling residences could provide retirees with greater financial flexibility, enabling them to access home equity and make significant lifestyle a...
Read Full Article →New bill in Congress would reward companies that give stock to rank-and-file employees
The proposed legislation aims to provide tax incentives for businesses that allocate equity shares to their lower-wage workers, potentially encouraging broader employee ownership a...
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