“If an individual is tested through the government testing programme, no tax liability will arise. This means that in the vast majority of cases, those who need to be tested have been and will continue to be able to access testing through the government programme,” he wrote. … [Read more...] about Rishi Sunak backs down over tax on employer-bought Covid-19 tests
Tax and spending
Preparing the ground for a windfall tax on wealth
Most people have no real idea about average income and wealth, with those towards the top thinking the average is much higher than it is and those towards the bottom believing the opposite. We need a concerted effort to educate the public about the real gaps in income and wealth so that relatively modest changes could be introduced without civil unrest.Alan HealeyBaschurch, Shropshire … [Read more...] about Preparing the ground for a windfall tax on wealth
Stamp duty cut explained: Rishi Sunak set to unveil tax holiday for thousands of buyers
"Housing activity has already rebounded strongly since the market reopened and any major change to stamp duty would provide a further boost to demand for housing. The Government would hope that the savings feeds into additional spending in the real economy with more cash spent on home improvements and white goods rather than enabling buyers to spend that bit more on their next home." … [Read more...] about Stamp duty cut explained: Rishi Sunak set to unveil tax holiday for thousands of buyers
Stamp duty changes: Rishi Sunak’s mini-Budget tax break could save buyers up to £15,000
"Housing activity has already rebounded strongly since the market reopened and any major change to stamp duty would provide a further boost to demand for housing. The Government would hope that the savings feeds into additional spending in the real economy with more cash spent on home improvements and white goods rather than enabling buyers to spend that bit more on their next home." … [Read more...] about Stamp duty changes: Rishi Sunak’s mini-Budget tax break could save buyers up to £15,000
Sunak refuses to rule out tax increases and urges Britons to spend
He said: “It’s difficult now to get exactly the right trajectory of that because we have an uncertain path ahead but as soon as we have a clearer path about that, we can look at the situation and make sure that our public finances are back on a sustainable footing over a reasonable period of time.” … [Read more...] about Sunak refuses to rule out tax increases and urges Britons to spend
