Taxation

Somerset

Somerset Council Rejects Plans for Tourist ‘Holiday Tax’

Somerset Council has firmly dismissed any plans to introduce a ‘holiday tax’ on tourists, responding to concerns raised by Conservative councillors over the potential impact on local businesses. The Labour government recently …

By James Robinson · · 2 min read

Hmrc

HMRC to Update Tax Codes Following State Pension Increase

HMRC has issued an important update for state pensioners regarding upcoming tax code adjustments tied to changes in state pension payments. Starting April, state pensions will rise by 4.8 percent, aligned with the …

By Tommy Wathen · · 2 min read

Propertytax

New Property Tax Proposed for Homes Valued Over £500,000

The UK Treasury is reportedly considering replacing stamp duty with a new property tax targeting homes valued over £500,000. This potential shift could significantly reshape the property market and how buyers and sellers …

By James Robinson · · 2 min read