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Mansion Tax
Tax
The Mansion Tax Mr Osborne said that more will be paid by the ‘better off’, however, this did not mean a tax raid by applying a higher tax rate and he confirmed that there would be no tax on property. Accompanied by head-shaking from the Deputy Prime Minister, this signals the end of speculation about [...]
Mansion Tax – Not Under the Current Coalition
The ‘Mansion Tax’ is a levy on the wealth according to the value of your property. This could work by making home owners, where the home is worth more than £2 million, pay a 1% annual charge on the balance above that threshold. However, Prime Minister David Cameron has ruled out any such tax under [...]
Wealthy to Pay More Tax, says Nick Clegg
On his return from a fortnight’s family holiday in Spain, Deputy Prime Minister Nick Clegg has suggested that his party want to progress their thoughts on a ‘mansion tax’. In an interview with the Guardian newspaper, as a result of a deeper and longer recession than expected, Mr Clegg’s ‘time-limited’ emergency tax would ask the [...]
Week 53 and Provisional Tax, 50p Tax v ‘Mansion Tax’, UK National Minimum Wage, Jersey Minimum Wage, Office of Tax Simplification Reports, The Welfare Reform Act and RTI – The Earlier Year Update (EYU)
The Learn Centre has received more than a few queries over the last few weeks regarding the tax position caused by Week 53, 54 and 56 payments. The Leap Year, no doubt, has caused an increase in such situations this year. The first article in our Newsletter this week concerns this issue and how Week [...]
50p tax v ‘Mansion Tax’
George Osborne referred to it as temporary and said that it could do lasting damage to the economy. Boris Johnson said that it was harming the City of London and last week we reported that over 500 business leaders had called for the abolition of the 50p Additional Rate in a letter to The Daily [...]
