Middle-aged workers now face a triple whammy, says The Guardian. A bold cut in corporation tax is a step in the right direction, says The Daily Telegraph. Here is our pick of the editorials in five of this morning's papers.
‘I regard tax evasion and indeed aggressive tax avoidance as mo
The top rate of income tax will be reduced from 50% to 45% per cent from April 2013, but a new cap on tax reliefs will increase the effective rate for some taxpayers and experts warned that people on means-tested benefits would have much of the benefit of an increased personal allowance clawed ba
The main rate of corporation tax will be reduced to 24% from next month, the Chancellor announced.
The controversial deal to tackle tax evasion by UK residents holding secret accounts in Switzerland has been revised. A protocol signed in Brussels yesterday will modify the deal so it is compatible with existing EU laws on evasion, the Financial Times reported.
‘George Osborne will on Wednesday stage a tax grab on London’s booming top-end property market, in a Budget which will offer significant cuts in the taxes paid by business and low and middle income families.
Almost 1,000 bogus websites have been shut down and more than 200,000 bogus emails purporting to come from HMRC have been reported in the past year, HMRC said as it announced a new cyber crime team to ‘tackle tax fraud by organised criminals more proactively’.
Tax agents have welcomed new HMRC procedures aimed at reducing the number of employers facing penalties for late filing of annual returns.
The Data-gathering Powers (Relevant Data) Regulations, SI 2012/847, specify the data that data-holders may be required to provide to an officer of HMRC under the FA 2011 Sch 23.
Putting homes into companies to avoid stamp duty is ‘completely