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15/04/2002
Speculation grows on tax rise postponement
Speculation is mounting that UK Chancellor Gordon Brown is set to postpone any tax rises planned as part of the Government's Budget this Wednesday.
Mr Brown is widely expected to raise taxes by at least £5 billion, mainly to fund spending increases for the NHS, however numerous newspaper reports are suggesting that the tax increases will be phased in over several years with no major increase announced in this month's budget.
The Chancellor is also expected to make up to £2 billion available to boost the take-home pay of low-paid workers, extending the working families tax credit to single people and childless couples.
There is also speculation that petrol duty will be frozen for the second year in a row.
The bulk of the revenue increase for the UK exchequer is likely to be raised by an increase in National Insurance payments, but it is also thought likely that stamp duty on higher-priced houses could also rise.
(MB)
Mr Brown is widely expected to raise taxes by at least £5 billion, mainly to fund spending increases for the NHS, however numerous newspaper reports are suggesting that the tax increases will be phased in over several years with no major increase announced in this month's budget.
The Chancellor is also expected to make up to £2 billion available to boost the take-home pay of low-paid workers, extending the working families tax credit to single people and childless couples.
There is also speculation that petrol duty will be frozen for the second year in a row.
The bulk of the revenue increase for the UK exchequer is likely to be raised by an increase in National Insurance payments, but it is also thought likely that stamp duty on higher-priced houses could also rise.
(MB)
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22 March 2013
Budget R&D Tax Incentives Welcomed
Invest Northern Ireland has welcomed the R&D measures announced by the Chancellor George Osborne as part of the Budget statement. Improvements to the R&D tax credit system and the new Patent Box regime are part of wider government measures to encourage investment in R&D and help innovative businesses to grow.
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Invest Northern Ireland has welcomed the R&D measures announced by the Chancellor George Osborne as part of the Budget statement. Improvements to the R&D tax credit system and the new Patent Box regime are part of wider government measures to encourage investment in R&D and help innovative businesses to grow.
04 May 2011
Dáil Probes EU Plans For Common Tax System
An interim Dáil Committee will meet with officials from the Department of Finance today, to consider whether a new EU proposal for a consolidated system of calculating the tax base of businesses operating in the EU complies with the principle of subsidiarity. The meeting will take place at 2.30pm in Leinster House.
Dáil Probes EU Plans For Common Tax System
An interim Dáil Committee will meet with officials from the Department of Finance today, to consider whether a new EU proposal for a consolidated system of calculating the tax base of businesses operating in the EU complies with the principle of subsidiarity. The meeting will take place at 2.30pm in Leinster House.
23 June 2010
Wilson Calls For 'Responsible Spending'
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01 March 2006
Employers reminded to stop paying Working Tax Credit
HM Revenue & Customs (HMRC) have reminded employers that they must stop paying Working Tax Credit via their payroll by the end of this month. Since its introduction in April 2003, Working Tax Credit has been paid via employers to supplement the wages of people on low incomes.
Employers reminded to stop paying Working Tax Credit
HM Revenue & Customs (HMRC) have reminded employers that they must stop paying Working Tax Credit via their payroll by the end of this month. Since its introduction in April 2003, Working Tax Credit has been paid via employers to supplement the wages of people on low incomes.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
