Saturday, November 27, 2021

Tag: uk treasury

UK Treasury poised to deliver ‘drastic’ online tax rise

Tax hike treasury
The UK treasury is preparing to announce a rise in online taxes, when it delivers the autumn budget next week – that could see liabilities increase by ten percent. The rise is being devised to compensate for lost tax receipts after the controversial cut in gaming machine stakes from £100 to £2 is implemented next year – potentially as soon...

Treasury branded “morally reprehensible” over FOBT cut delay

philip hammond chancellor
In Money Vs. Morality round two, chancellor Philip Hammond is against the ropes once again, with MPs branding the reported 2020 delay to FOBT maximum stake cuts as “morally reprehensible”. MPs including former Tory leader Iain Duncan Smith, Carolyn Harris, and Ronnie Cowan, have written a letter to the Prime Minister urging her step-in on the FOBT stake cut implementation...

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