█ Business news
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.
IHT overwhelmingly hits London and South East
Hertfordshire pays more IHT than Northern Ireland and Wales combined.
Advisory fuel rates update
New fuel rates from 1 September 2021 onwards.
Average buyer saves £1k via help-to-buy ISA
Millions may have a forgotten account they can still use.