Prime Minister Burnham to hand mayors a share of income tax

The Prime Minister has launched the biggest transfer of power from Westminster in a generation, giving communities greater control over the decisions that shape jobs, transport, housing and public services in their area. Biggest transfer of power, funding and responsibility from Westminster in a generation Mayors to keep a share of income tax and business … Continue reading Prime Minister Burnham to hand mayors a share of income tax →

Personal Allowances: adjusted net income

There is a common misconception that employers are somehow responsible for an employees tax affairs. A view probably based on the fact that they do deduct Income Tax from pay. Many then query why they later receive a tax bill, or more pleasantly, a tax refund. Payroll operates on a basis of assumptions, so do … Continue reading Personal Allowances: adjusted net income →

Closing the TAX GAP

HMRC package At the Labour party conference (September 2024), Chancellor Rachel Reeves outlined a package of reforms to improve the UK’s tax system to help fix the foundations of the UK economy. As part of the package, HMRC will launch a consultation on electronic invoicing (e-invoicing) to promote its wider use across UK businesses and … Continue reading Closing the TAX GAP →