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News

“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.

“HMRC: ‘digitalising tax process could close gap’”

“HMRC: ‘digitalising tax process could close gap’”

You, like a majority of both taxpayers and accountants, may have been sweating and cursing over a keyboard last week to submit a last-minute tax return. Many by the end of that accursed process will have been shouting ‘bring back paper!’, a vain and pointless hope, I’m afraid.

“Reeves plans £160 billion business boost by changing pension fund rules”

“Reeves plans £160 billion business boost by changing pension fund rules”

And why were the rules on how and where pension funds can invest put in place? Because the amounts which many big final salary pension schemes were holding in shares meant that, when markets fell they fell into deficit Many then had to surrender themselves to the Pension Protection Fund, particularly if the employer was either bust or not able to add enough money to the fund to prop it up.