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MPs call for stamp duty threshold to rise to £500,000

A group of Conservative MPs has called for the stamp duty threshold to be raised to £500,000, together with an increase in the higher rate income tax threshold. Stamp duty is currently payable at an initial rate of 1% on residential properties worth more than...

View our 2013 Autumn Statement summary

Chancellor George Osborne presented a generally positive economic outlook in his 2013 Autumn Statement. The Chancellor commented that the Government’s austerity measures were working, but emphasized the fact that ‘the job is not yet done’. Measures were announced that...

New VAT rules ‘could treble reporting requirements’

Plans to introduce a standardised VAT return for all businesses across the EU could significantly increase reporting obligations for UK firms, some experts have warned. The European Commission has outlined new proposals to introduce a standard VAT declaration for all...