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The Latest Breaking News from Income Tax

Liz Truss refuses to commit to benefits hike but stands by tax cut for rich

Former cabinet minister Michael Gove says U-turn needed on PM’s Budget ‘mistakes’

The Independent UK

More than half of voters say Liz Truss's economic plans will wreck the country

The exclusive Deltapoll survey for the Mirror shows just 27% support scrapping the cap on bankers’ bonuses and only 17% back abolishing the top rate on income tax.

Daily Mirror

George Skelton: Newsom breaks from fellow Democrats and aligns with the enemy on Lyft-backed Prop. 30

SACRAMENTO, Calif. — This is very rare: a California governor on the opposite side of his state party on a major public policy issue.

Los Angeles Times

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Pharma manufacturers’ body moves Karnataka HC against treating free samples of medicines given to doctors as ‘freebies’ under Income Tax Act

Ministry of Finance had said that drug manufacturers will have to deduct 10% tax for the value of free samples of medicines

The Hindu

Top UK earners: share your views on scrapping the 45p income tax rate

We’d like to hear from people in the UK who earn more than £150,000 about their views on the chancellor’s announcement

The Guardian - UK

Budget 2023 tax calculator: Find out exactly what tax and USC updates mean for you

Income tax and USC changes mean most people's payslips will look a little different

Irish Mirror

Shakira is the latest celebrity to face a tax evasion trial in Spain. Here's how we got to this point

Shakira will have her day in court after being ordered to stand trial on charges she failed to pay millions of dollars in income taxes.

ABC News

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Reeves: I’ll reverse abolition of 45% income tax rate to fund NHS staffing surge

The shadow chancellor said a Labour administration would also implement the “biggest expansion of medical school places in British history”.

The Independent UK

Latest poll puts Labour 12 points in the lead as Starmer pledges to drop tax cut for top earners

The Labour Party are surging ahead in the polls after Sir Keir Starmer pledged to reverse the Government’s “wrongheaded” income tax cut for people earning more than £150,000.

Evening Standard

Starmer resisting pressure from inside own party over reversal of tax cuts

Labour leader dramatically vows to restore 45p income tax for richest - but backs Tory cut to basic rate

The Independent UK

Keir Starmer vows to reinstate top rate of income tax to fund public services

Exclusive: Labour to argue investing in NHS, schools and childcare is only way to build foundations of a strong economy

The Guardian - UK

Andy Burnham at odds with Labour leader Keir Starmer over Tory income tax cuts

Greater Manchester Mayor Andy Burnham contradicted Labour's position on income tax cuts, saying the 1p cut to the basic rate should not go ahead

Daily Mirror

Chancellor hints he's not done cutting taxes yet

Kwasi Kwarteng denies the measures announced last week only help the very rich

Wales Online

Kwasi Kwarteng: Tax changes favour people right across the income scale

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and he hinted more are on the way. The Chancellor defended his programme of tax cuts – the biggest for 50 years – which he announced on Friday using more…

Evening Standard

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Evening Standard

Watch: Keir Starmer says Labour would reverse Tories’ 45p rate tax cut

Sir Keir Starmer hit out at the Government’s “wrongheaded” economic policies as he pledged to reverse the income tax cut for people earning more than £150,000. The Labour leader, who said his party now had a belief it would win the next general election, said the mini-budget announcements by Chancellor…

Reuters

Britain's Labour pitches itself against tax cuts for the wealthy

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

The Independent UK

Tories warn Scots will be ‘left behind’ without income tax cuts by SNP ministers

Conservative MP John Lamont hailed the ‘radical’ measures in Friday’s mini-budget – though the SNP’s Ian Blackford branded them as ‘nonsense’.

Wales Online

Mark Drakeford brands mini-budget 'authentically shocking' in scathing criticism

He described it as a 'giant experiment that will leave families worse off long into the future'

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The Independent UK

Starmer vows to reverse ‘wrongheaded’ cut to income tax for rich

Labour leader Sir Keir Starmer rejected the Government’s “trickle down” economics approach.

The Independent UK

Burnham says Labour government should reverse 1p income tax cut and bring back 45p rate

Andy Burnham has said a future Labour government should reverse the 1p income tax cut and bring back the 45p rate, in a challenge to party leader Sir Keir Starmer.

Daily Mirror

Martin Lewis shares some good news for Brits who earn less than £50,000 a year

As the basic rate tax threshold has dropped to 19 per cent from 20 per cent, the cut to income tax impacts those earning between £12,571 and £50,270

Wales Online

Martin Lewis has some good news for anyone earning less than £50k

MoneySavingExpert founder explains latest Stamp Duty and Income Tax changes

Chronicle Live

Martin Lewis explains mini-budget ‘gain’ for people earning less than £50,000

The money expert explained how people would be impacted by the Government's announcements, including the 1p cut to Income Tax

Daily Mirror

Martin Lewis gives good news for workers earning under £50,000 in new video

The Money Saving Expert founder explained the latest Stamp Duty and Income Tax changes that were brought in by Chancellor Kwasi Kwarteng's 'new growth plan' on Friday

The Guardian - UK

Mini-budget 2022: what it means for you

High earners are the big winners in the chancellor’s tax giveaway, while people on universal credit risk losing income

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