Business and Tax News - Inflation

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November 5th 2024
Tax Week 31
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INFLATION - NEWS

The Effects of Freezing Tax Thresholds Until 2028

PERSONAL TAX

The Effects of Freezing Tax Thresholds Until 2028

Rampant inflation and frozen tax thresholds combine to 'drag' people into paying more tax - a 'fiscal drag' process that started in 2021.
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Chancellor May Be Able To Lower Taxes If Lower Borrowing Continues

UK BUDGET

Chancellor May Be Able To Lower Taxes If Lower Borrowing Continues

Next General Election due before Jan'25 and Labour currently ahead in polls - would Hunt be able to use tax cuts to sway voters?
Higher Rate Taxpayers Have Increased Five Fold Over 30 Years

PERSONAL TAX

Higher Rate Taxpayers Have Increased Five Fold Over 30 Years

In 4 years time approximately a fifth of all taxpayers will be subject to the 40 percent higher rate of tax.
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