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The Latest Breaking News from Income Tax

One-stop centre to spur FDI in the offing

The government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices.

Bangkok Post

Budget should focus on job creation, steps to broaden tax base: India Inc to finance minister

NEW DELHI: The budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday.

The Times of India

Emily Sheffield: A bad hand played well still leaves Jeremy Hunt with a mountain to climb

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…

Evening Standard

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Spain is looking to launch a new visa for 'digital nomads' next year

Spain's digital nomad visa will offer remote workers a big income tax rate cut and the chance to stay in the country for years, so long as their employer is based elsewhere

Daily Mirror

Editorial: California’s eternal poverty problem demands more than government checks

Fewer people were in poverty in California in 2021 than in 2019. That’s the good news. The bad news is that this was due only to government relief payments, not to an improving economy or more job opportunities.

The Orange County Register

How the autumn statement will impact households, from single mums to married pensioners

Freezing of thresholds means those receiving a wage rise will pay more tax, while benefits increase by the rate of inflation

The Guardian - UK

Thousands of taxpayers to see £1,200 disappear from bank accounts

Chancellor Jeremy Hunt has confirmed some income tax bands are being moved

Liverpool Echo

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Tax bracket creep could repair budget

Tax bracket creep can reduce government debt but comes at the expense of tax efficiency and fairness, the Parliamentary Budget Office says.

AAP

The 'stealth' tax hikes announced in Jeremy Hunt's budget and how they affect you

The chancellor had warned that everyone would be paying more tax from next year - here's how his tax hikes will affect you and your wallet

Manchester Evening News

Autumn Budget: What it means for your money - from energy bills to pensions and wages

Jeremy Hunt has delivered his Autumn Statement in the House of Commons today, with changes to Income Tax, National Insurance and increases to benefits like Universal Credit

Daily Mirror

What Jeremy Hunt’s autumn statement means for you

From income tax changes to help with the cost of living crisis, all you need to know about the chancellor’s changes

The Guardian - UK

Autumn Budget 2022: All the key points from Jeremy Hunt’s statement

Chancellor sets out plan to ‘rebuild our economy’

The Independent UK

Millions to pay more tax after Jeremy Hunt Autumn Statement

Jeremy Hunt announced the government's financial policies

Liverpool Echo

Jeremy Hunt clobbers ALL Brits with barrage of tax rises and cuts as UK in recession

Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement - from council tax and income tax to energy bills, minimum wage and the state pension and benefits

Daily Mirror

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Daily Mirror

Jeremy Hunt extends freeze on Income Tax thresholds - meaning millions will pay more

Income Tax and National Insurance thresholds are set at £12,570. This threshold has already been frozen for four years to April 2026, but this will now be stretched to April 2028

The Guardian - UK

What is ‘fiscal drag’ and how has Hunt used it in his autumn statement?

Stealth tactic pulls more taxpayers into higher brackets by freezing thresholds despite higher cost of living

Daily Mirror

Everything you need to do NOW to protect your money ahead of Autumn Statement

The Autumn Statement is set to confirm about £21billion of tax rises and £33billion of public spending cuts a year by 2027/28, to try and fill the £54billion black hole

The Times of India

IT raids on prominent business family of Kashmir

LUDHIANA: In major action against tax evasion in Kashmir Valley, Investigation wing of the Income Tax Department on Wednesday conducted raid on businesses belonging to a prominent family of Srinagar.

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Glasgow Live

DWP benefits and pensions set to rise alongside inflation amid 'eye-watering' cuts

Chancellor Jeremy Hunt will deliver his Autumn Statement on Thursday, November 17, as state pensions and benefits are expected to rise in line with inflation rates in 2022.

Daily Record

State Pension increase next April could see 500,000 more people in retirement paying tax

A significant increase in the number of over-65s paying tax is expected in 2023.

Daily Mirror

Stealth tax rises Rishi Sunak is plotting next week would raid £35bn a year from Brits

Experts the IFS said extending a freeze on Income Tax and National Insurance thresholds to 2028 would be a huge windfall - and leave families with 'lower living standards'

The New Daily

Alan Kohler: How to fix the budget – turn back time

Forty years of fiddling has disastrously undermined the tax system for short-term political gain (what a surprise!).

Daily Mirror

Massive Council Tax rise in 2023 under discussion in Rishi Sunak's Autumn Budget

Rishi Sunak and Chancellor Jeremy Hunt are discussing raising or scrapping the 3% 'referendum cap' on council tax rises in the Autumn Statement - which would clobber families with huge bills

Tribune News Service

South Carolina Gov. McMaster wins reelection against Democrat Cunningham to serve second 4-year term

COLUMBIA, S.C. — Gov. Henry McMaster won reelection Tuesday to a second four-year term as South Carolina’s chief executive, a historic win that puts the Columbia Republican on track to become the longest-serving governor in state history.

Wales Online

What the Autumn statement could mean for your money

Jeremy Hunt's announcement next week will have major implications for millions of people in the UK

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People

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