tax
Will the 50% tax rate be dropped? - 29 March 2011
Vince Cable, the business secretary in interviews with the BBC has conceded that the 50% tax band was only a temporary measure.
Having been an emergency response to the budget deficit the Chancellor has already instigated a Treasury review of the 50% rate of taxation affecting taxpayers with earnings over £150,000. This review may be an indicator that the band may disappear as soon as 2013.
Will it all be good news though? It is unlikely and there are already talks about raising the tax take on property, possibly through a review of council tax or stamp duty.
Happy Tax Freedom Day – 30 May 2010 - 20 May 2010
There is something to look forward to on the May Bank Holiday that the weather cannot spoil. 30 May is the day when the UK has collectively paid its tax debt for the year and from now on what you earn is your own!
In 2010, from 1 January to 29 May, every penny you have earned the government takes in some form, PAYE,NI, VAT and the others “taxes “ to pay for its spending for the year. Up until the 29th May you have been working for the government.
The date falls 3 whole days later than it did last year mainly due to the impact of VAT rate changes. read the full details
Employer tax cards for 2010-11 - 14 April 2010
You can access your 4 page pdf version of The 2010-11 Tax Facts for Employers. Our Tax Fact cards were a great success last year and we used up our supplies quickly. The Tax Fact Cards are designed specifically for those involved in payroll.
However, we have delayed the launch of the printed version this year because of the General Election on the 6th May. Will a change in government affect your payroll? Possibly! read the full details
