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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Pensions triple-lock to be suspended for one year
Pensioners to miss out on promised £4bn increase.
NICs rates to increase by 1.25%
Tax rise to help fund the NHS and pay for social care.
Stamp duty receipts hit high, despite holiday
Receipts for July 2021 second highest on record.
Call to scrap proposed basis period reform
Reform could create as many problems as it solves.
EVs could ‘create £30bn tax hole’
Calls for new road pricing system to replace fuel duty.
Summer saving hampers consumer spending
Britons’ savings down in July but above expectations
‘Cladding tax’ a step closer to 2022/23 introduction
HMRC considers bringing in a new residential property developers’ tax.
Pension freedoms age to increase from 55 to 57
Plans to be written into Finance Bill 2022 and take effect from April 2028.
37% plan to use state pension for care costs
Care costs become unaffordable for some pensioners.
Fresh concerns over capital gains tax rise
A tax hike could generate £14bn a year.