The erosion of traditional tax revenues, losing the government billions each year, highlights the need for transparency about the need to reform Britain’s tax system, according to a report by the...
A local income tax would be better than a tourist tax in raising revenue locally for councils, the Institute for Fiscal Studies associate director David Phillips said this morning.
Pivotal choices loom on local government funding but if we don’t address what we expect from our councils we risk a system that fails to meet needs, says the IFS’ David Phillips.
The government has swiftly brought in measures to stop a renewable energy sector VAT fraud - one of a range of scams costing EU states an estimated €50bn each year.
Councils have warned that reforms to increase the frequency of business rates revaluations must be properly resourced and contain measures to manage the impact on appeals.
Real income growth has ground to a halt after five years of recovery, with lowest income households hardest hit because of cuts in benefits and tax credits.
Last month’s local elections in England showed a rise in popularity of independents addressing local issues - but what we need is top-down change, writes communities and regeneration writer...
The Scottish Government is facing a budgetary shortfall of £1bn over the next three years in the wake of updated forecasts, which more accurately reflect income tax receipts north and south of the...
Tax havens luring companies engaged in cross-border trade with rock-bottom rates are destroying the century-old global corporate tax system, says an international network.
Public sector net borrowing in the UK in April was £5.8bn – £0.03bn less than in April 2018. This represents the lowest April borrowing figure since 2007, official statistics have revealed.
