tax

The higher rate tax threshold will go up by 1% in 2014, the Chancellor said today.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.

Multinational coffee house Starbucks has caved in to public anger over the recent revelation it paid less than 1% in tax in the UK, pledging to 'do more' according to reports.

AUTUMN STATEMENT

AUTUMN STATEMENT

A plan to merge National Insurance (NI) with income tax would increase wages, create jobs and help reduce costs, business leaders have said.

Former Italian Prime Minister Silvio Berlusconi has been sentenced to four years in jail for his part in a six-year old tax fraud case.

The US government has postponed the start date of incoming tax regime FATCA to give businesses more time to comply with the rules.

The London Mayor Boris Johnson said yesterday he wants to cut the top tax rate further, from 45p to 40p in the pound.

Offshore tax havens Guernsey, Jersey and the Isle of Man are working towards an agreement with the US government on FATCA, the incoming regime to prevent tax evasion.