Labour triple tax plans leaked

‘Labour plans for a multi-billion pound package of property wealth taxes have been leaked. Conservative ministers say the proposals contradict Ed Miliband’s previous claims he would be a “one-nation” leader, and that the move would worsen the cost of living crisis.

The package would mean all shop owners would have to pay a new “property owner’s tax” separate from business rates, on top of income tax.

Firms residing in prosperous areas, specifically the South of England, would also be hit with a new “business tax” to fund contributions to poorer areas.

Additionally, a £500m “farm tax” would form through agricultural land and building exemption to business rates being revoked. “’If shops and farms have to pay more tax, shopping bills will go up, making a nonsense of Mr Miliband’s talk about cutting the cost of living,” remarked business minister Matthew Hancock.’

Source: The Mail on Sunday

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

ENQUIRY FORM

By submitting this form, the data provided will be used to perform your request according to our privacy policy.