Research - The TaxPayers' Alliance (Page 4)

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Briefing: HMRC interest rate for late tax payments

Briefing: HMRC interest rate for late tax payments

In October 2024 the chancellor of the exchequer, Rachel Reeves, delivered the first budget of the current Labour government. One of the less noted changes she announced was an increase in the interest rate on the late payment of taxes. The aim of this policy is to encourage the public

Briefing: inheritance tax

Briefing: inheritance tax

Overview: * In 2024-25, inheritance tax (IHT) is forecast to raise £8.3 billion. With the changes announced in the October 2024 budget, the revenue is expected to increase by 67 per cent, to £13.9 billion in 2029-30.[1] * Inheritance tax is distortionary, unfair and deeply unpopular. The proportion of

Briefing: taxpayer funding of Stonewall

Wasteful Spending

Briefing: taxpayer funding of Stonewall

Overview: * Stonewall’s total income from government sources increased in 2023-24 to £618,757.[1] In 2022-23, it was £572,868. However, their overall financial position has worsened, with an increased deficit, redundancies[2] and lower revenue from fees (which includes the Diversity Champions scheme). * In recent years, numerous current

Briefing: Air Passenger Duty

Briefing: Air Passenger Duty

The first Saturday in January is the most popular day of the year to book a holiday,[1] but with UK travellers facing some of the highest taxes on air travel in the world,[2] going abroad may be more expensive than many expect. Air passenger duty (APD) is paid

Tax on Christmas 2024

Tax on Christmas 2024

Christmas is a time for enjoyment with friends and family. Yet the holiday season is often also accompanied by additional pressure on household finances, as individuals plan to spend more than £650 on gift giving and making merry this Christmas. With the overall tax burden set to rise to record

Briefing: changes to employer national insurance contributions

Briefing: changes to employer national insurance contributions

The national insurance contributions (NICs) measures in the October 2024 budget have been scored as one of the largest changes to a single tax for many decades. However, indirect effects mean the overall effect on the exchequer will be significantly lower than the headline figure suggests, as a higher tax