Hipgnosis set to quit tax exile in Guernsey

Hipgnosis set to quit tax exile in Guernsey after snapping up music rights from a host of top artists By Daily Mail City & Finance Reporter Published: 21:55 BST, 1 April 2021 | Updated: 21:55 BST, 1 April 2021 This year Hipgnosis bought music rights from Blondie, Neil Young and Shakira (pictured) Hipgnosis Songs Fund … Read more

President insists no one earning under $400,000 will see a tax increase

President Joe Biden confirmed that he would only target the country’s wealthiest to pay for $2 trillion in infrastructure investments during a speech Wednesday in Pittsburgh, Pennsylvania where he debuted the plan.   ‘No one making under $400,000 will see their federal taxes go up, period,’ Biden said, reiterating a campaign promise and creating his own … Read more

Tax chiefs are urged to stop chasing pension scam victims for large fines

Tax chiefs are urged to stop chasing pension scam victims for large fines and to show more empathy for those caught up in the nightmare HMRC was said to have ‘lacked empathy’ in its relentless pursuit of scam victims Government suggested a law change to allow some victims a tax amnesty MPs on the work … Read more

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets of ‘monstrous acne of sticky grey blotches’ Boris Johnson is set to propose new tax targeting chewing gum manufacturers Aims to raise more than £100million to pay cost of clearing away discarded gum Manufacturers to be hit by the tax unless … Read more

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets

Boris Johnson plans chewing gum tax to raise more than £100m to clean Britain’s streets of ‘monstrous acne of sticky grey blotches’ Boris Johnson is set to propose new tax targeting chewing gum manufacturers Aims to raise more than £100million to pay cost of clearing away discarded gum Manufacturers to be hit by the tax unless … Read more

‘England stars facing tax demands from HMRC worth tens of thousands of pounds after probe’

Harry Kane, Harry Maguire and Raheem Sterling ‘among England stars facing tax demands from HMRC worth tens of thousands of pounds following probe into FA’s image rights payments worth around £100,000-a-year to each player’ A HMRC probe into image rights payments to England stars may be launched  The Sun claim the FA and lawyers on … Read more

Put cash in an Isa now as deadline looms for tax saving

With the Isa deadline of April 5 fast approaching, investors being urged to put money into their plans now, even if they do not invest it straight away By Sarah Bridge, Financial Mail on Sunday Published: 21:50 BST, 27 March 2021 | Updated: 22:36 BST, 27 March 2021 With the Isa deadline of April 5 … Read more

Council tax misery for millions: Families in more than 100 areas will see bill soar to £2,000

Householders in more than 100 districts will receive average bills of more than £2,000 next week as town halls put up council tax by 11 times the rate of inflation. Across England the average bill for a typical Band D home will be £1,898 – up £80 on last year, according to figures released yesterday. … Read more

ASK TONY: Will we face a nasty tax bill if we give our girl a house?

My daughter’s family have lived for 17 years in a house my wife and I bought. It cost £156,000 and is registered in our names.  We have never charged rent and never lived there. We’d now like to give them the house. We’ve made no money from the purchase, even though the house has risen … Read more

Five pension tax tips for savvy savers

Tom Selby: Anyone with spare cash should consider making the most of their available pension allowances before the tax year ends on 5 April Tom Selby is a senior analyst at financial services firm AJ Bell. The coronavirus pandemic and national lockdown has placed huge strain on millions of people’s incomes, with worries about future employment … Read more