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How to raise tax revenue without raising tax rates

How to raise tax revenue without raising tax rates

As we count down to the general election in July, be wary of those manifesto promises not to raise tax rates. The Conservatives and the Labour party are going into the next election with the same key fiscal rule. This states that in five years’ time, total government...
Inflation’s stubborn cumulative effect

Inflation’s stubborn cumulative effect

April’s yearly inflation figure fell from 0.9% to 2.3%, so why does inflation still feel high? Source: Office for National Statistics (ONS) April’s Consumer Prices Index (CPI) showed annual inflation had fallen to 2.3%, its lowest level since July 2021 and...
Not in the NIC of time

Not in the NIC of time

A useful new web tool has emerged, a little late in the game, in a joint effort from two government departments. In early 2023, HMRC and the Department for Work and Pensions (DWP) found they were unable to cope with the volume generated by a 5 April cut-off date that...
Probate fees on the rise

Probate fees on the rise

The fees for obtaining probate in England and Wales have increased. The fee charged to obtain probate in England and Wales has been increased from £273 to £300 (10%) and for confirmation in Scotland, which has a sliding scale by 2%. Northern Ireland revised its...