Tags: tax

The Budget: comments from the community (part 2)

In the first part of this community comments article we looked at how HR will be affected by changes to pensions in this week’s Budget announcement by Chancellor of the Exchequer George Osborne. Employment Chris Jones, Chief Executive of City & Guilds, said: “The budget had a common theme – job creation. From investment in…

The living wage can boost productivity and tax revenues, says the TUC

Commenting on the report published today (Sunday) by the IPPR and Resolution Foundation, which calls on the government to persuade more private sector companies to pay the living wage, TUC General Secretary Frances O’Grady said: ‘The more companies who can be persuaded to pay the living wage the better. As well as boosting employee productivity,…

Business bodies serve up demands ahead of Autumn Statement

With the Chancellor’s Autumn Statement due this afternoon (Wednesday 5 December), business organisations have submitted their requests. The Confederation of British Industry (CBI) has argued the case for a business bank, and warned against any reduction in pension tax relief. Outlining the CBI’s reservations over introducing pension’s tax relief in his letter to Mr Osborne,…

Public sector tax avoidance is ”shocking”

Over 2,000 central government employees are currently benefiting from off-payroll arrangements – and this only includes civil servants so tax avoidance in the public sector must go much wider, the Public Accounts Committee has said. Looking at the use of personal service companies in the public sector, the committee was “shocked” after taking evidence from…

MPs criticise ‘off payroll’ tax arrangements

The Public Accounts Committee has stated that too many public sector workers are making their own arrangements to pay tax and national insurance, which allows them to contribute less. An initial Treasury Review followed on from the emergence of details of how the former Chief executive of the Student Loans Company, Ed Lester, was being…

Earn over £50,500? Then pay ‘wealth tax’

Anyone earning over £50,500 would be considered fair game for a ‘wealth tax’, the Deputy Prime Minister Nick Clegg has said, which would probably take the form of reduced tax relief on pensions or changes to capital gains tax and stamp duty. And he reckoned his Conservative coalition partners would agree to the idea. The…