Scotland is taxing itself to death
The authorities in Scotland are undermining the economy’s appeal. They had better watch out, says Matthew Lynn.
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 £…
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…
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…
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.
9 January 1799: income tax introduced to Britain
In the 1790s, with Britain at war with Napoleon, the country urgently needed cash. And so on this day in 1799, a 10% levy was raised on all income ove…