I wish I knew what a marginal tax rate was, but I’m too embarrassed to ask
I wish I knew what a marginal tax rate was, but I’m too embarrassed to ask
Your marginal tax rate is simply the tax rate you pay on each extra pound of income you earn. Here's how that works.
14 Sep 2021
Why the government's plan for funding social care is a lousy one
Why the government's plan for funding social care is a lousy one
Insisting that people use their property wealth to pay for social care is perfectly reasonable, says Merryn Somerset Webb.
10 Sep 2021
What’s better than two types of income tax? Three types of income tax!
What’s better than two types of income tax? Three types of income tax!
The government is to fund social care costs by raising National Insurance contributions and adding a “health and social care levy”. John Stepek looks …
7 Sep 2021
Inheritance tax bills are set to rise – will you be caught out?
Inheritance tax bills are set to rise – will you be caught out?
The number of people who actually pay inheritance tax is very small. But more and more estates are set to be dragged into its net, says David Prosser.…
30 Apr 2021
How to deal with self-assessment tax returns after a very trying year
How to deal with self-assessment tax returns after a very trying year
The Covid-19 pandemic will complicate the self-assessment tax return process for 2019-20. What if you can’t pay? Ruth Jackson-Kirby has some advice.
20 Jan 2021
The case for a flat tax
The case for a flat tax
Simplifying the tax system promises to cut incentives for evasion and avoidance, and boost work and entrepreneurship. Could it give post-Covid-19 Brit…
29 Aug 2020
How to have a low-tax retirement in the sun
How to have a low-tax retirement in the sun
Greece is to offer a ten-year tax incentive to foreign pensioners. That’s a pretty good offer, says Merryn Somerset Webb. But it might not last.
20 Jul 2020
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Dividends, directors and the holes in the government’s coronavirus furlough scheme
Dividends, directors and the holes in the government’s coronavirus furlough scheme
By topping up a minimal salary with dividends, many owner/directors of small companies have fallen through the net when it comes to the government’s …
27 Apr 2020
Scotland is taxing itself to death
Scotland is taxing itself to death
The authorities in Scotland are undermining the economy’s appeal. They had better watch out, says Matthew Lynn.
20 Oct 2019
One example of the madness of our inheritance tax rules
One example of the madness of our inheritance tax rules
Our system of inheritance tax is needlessly complicated, says Merryn Somerset Webb. Here, she outlines one way in which the well-off could save over £…
14 Oct 2019
Labour’s plans for non-doms could prove costly for the UK
Labour’s plans for non-doms could prove costly for the UK
The Labour Party has said that in its first Budget it would abolish non-domiciled status. But non-doms do pay tax, and they do have a choice where the…
24 Sep 2019
Don’t forget income tax when drawing your pension
Don’t forget income tax when drawing your pension
Many people have not understood the tax implications of drawing down their money, meaning that savers withdrawing pension cash are handing over millio…
16 Nov 2018
Withholding tax
Withholding tax
A withholding tax requires a person or company making a payment to someone else to withhold part of the payment and pay it to the government.
10 May 2018
You shouldn’t be paying tax on your investments
You shouldn’t be paying tax on your investments
You don't need to hire the best accountants to protect your investments from the taxman. You can do it yourself, says John Stepek. Here's how.
11 Jul 2012