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About Tax


A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

What is inheritance tax and will it be cut?

What is inheritance tax and will it be cut?
Nov 17,2023 10:51 am

...By Kevin PeacheyCost of living correspondentInheritance Tax is a political hot potato, often discussed, but rarely changed...

Why do councils go bust and what happens when they do?

Why do councils go bust and what happens when they do?
Sep 29,2023 10:41 am

... That includes council Tax, retained business rates, and charges for services like parking, swimming pools, and planning applications...

Tax cuts 'virtually impossible' at present, says Jeremy Hunt

Tax cuts 'virtually impossible' at present, says Jeremy Hunt
Sep 22,2023 3:41 am

...By Christy Cooney and Nick EardleyBBC NewsChancellor Jeremy Hunt has said it will be " virtually impossible" to deliver Tax cuts until the UK economy improves...

Why does the Republic of Ireland have so much surplus cash?

Why does the Republic of Ireland have so much surplus cash?
Aug 8,2023 3:11 am

... Huge corporation Tax revenue, mainly generated by global technology and pharmaceutical firms, is spectacularly swelling the public purse...

What is an oil and gas licence?

What is an oil and gas licence?
Jul 31,2023 8:01 am

... In recent years, oil and gas firms have been Taxed heavily on their UK profits and there has been concerns in the industry that this might put off companies from investing in areas such as the exploration of new oil and gas wells...

CPTPP trade deal will benefit UK if we use it, says Kemi Badenoch

CPTPP trade deal will benefit UK if we use it, says Kemi Badenoch
Jul 16,2023 6:10 am

... Membership of the CPTPP loosens restrictions on trade between members and reduce tariffs - a form of border Tax - on goods...

Scrap tax on sunscreen, say cancer charities

Scrap tax on sunscreen, say cancer charities
May 14,2023 10:10 pm

...By Michelle RobertsDigital health editorValue added Tax - better known as VAT - should be scrapped on sunscreen to make it more affordable, say several UK cancer charities...

UK-Asia trade deal to boost UK economy by 0. 08%

UK-Asia trade deal to boost UK economy by 0. 08%
Mar 30,2023 8:40 pm

... Membership of the CPTPP loosens restrictions on trade between members and reduce tariffs - a form of border Tax - on goods...

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