Taxing top 1% of earners could raise £10 billion a year, says Oxfam
A tax on the top 1% of earners could raise £10 billion per year and reduce inequality in the UK, Oxfam suggests.
Tax
Scotland faces £200m budget cut as income tax generates £941m less than forecast
The Scottish Government’s budget will be cut by more than £200 million next year to help compensate for an income tax take of £941 million less than forecast.
Boris Johnson’s tax plans ‘could cause rift between Scotland and rest of UK’
Tax plans put forward by Tory leadership candidate Boris Johnson could result in an “unassailable financial rift between Scotland and the rest of the UK”, an expert has warned.
Labour interest in changes to inheritance tax slammed as ‘siege on homeowners’
Labour’s “interest” in changes to inheritance tax has been criticised as a “siege on homeowners” by Conservatives.
Johnson pledges to prioritise tax cuts for those on lowest pay
Boris Johnson has insisted he would prioritise tax cuts for the lowest paid after experts suggested his plans to offer relief for people earning more than £50,000 would cost £9 billion.
Tory leadership contender Javid toys with scrapping top rate of income tax
Tory leadership hopeful Sajid Javid has said he would consider scrapping the top rate of income tax in a bid to boost the economy.
Low-paid workers will suffer most from workplace parking levy, MSPs told
The workplace parking levy (WPL) would hit low-paid workers the most and be used by stretched local councils to plug funding gaps rather than improve public transport, MSPs have been warned.
Extra money going in and coming out of pay packets as new tax year starts
Tax and pensions changes are coming into effect as the new financial year gets under way from Saturday – meaning people may have more money coming in and perhaps more going out.
Lorraine Kelly wins £1.2 million tax battle
TV presenter Lorraine Kelly has won a £1.2 million battle with HMRC after a tax tribunal judge ruled she was not an ITV employee.
SNP claims tax cuts for high earners could cost £1bn as Derek Mackay prepares to set out his budget
LOWERING taxes for the highest earners would cost Scotland £1 billion, the SNP has claimed.
40,000 Scots children ‘could be helped by freezing 41p tax threshold’
SCOTTISH ministers could raise enough cash to lift 40,000 children out of poverty by freezing the point at which people start to pay higher rate income tax, a think tank has suggested.