M Levin & Co

M Levin & Co Taxation Practitioner providing essential information (and protection) in tax - and - Accountancy,

18/09/2026

Media Tax Highlights - Friday 18 September 2026

Pensions

HMRC to refund 3.2 million pensioners after Telegraph exposes tax errors - Daily Telegraph (Alex Marsh)

The tax office is set to refund £19m to 3.2m retirees who were overtaxed on their state pension due to errors in the tax calculations. Tax rebates averaging £6 for each affected individual will now be issued to correct errors dating back to the 2020-21 tax year. Since 2010, millions of state pensioners who paid income tax had been overcharged. However, HMRC said it would not refund pensioners who were overtaxed between 2010 and 2020 unless they can provide evidence. Antonia Stokes of the Low Incomes Tax Reform Group said: “It is disappointing that HMRC data constraints prevent automated repayments further back, but it is positive that taxpayers can take steps to rectify earlier years if they identify they have been overcharged. HMRC should ensure they make this process as easy as possible and that they draw attention to its existence so that people can check entitlement for earlier years.”

Budget

Conservatives urge Burnham to rule out tax rises at Budget -
- BBC News

The Conservatives are urging the Prime Minister to rule out tax rises in the upcoming Budget, with Shadow Chancellor Andrew Griffith warning that high taxes are driving young people abroad. Griffith added that a Conservative government would look to reduce regulatory burdens on small businesses, citing estimates that tax compliance costs small firms £25bn a year and involves an average of 44 hours annually in tax administration.

Cryptocurrencies

Reform to hand crypto investors hundreds of millions in tax breaks - The Independent (David Maddox)

Reform UK's proposed tax cuts on cryptocurrency gains could provide over £100 million in tax relief to the wealthiest investors, analysis of HMRC data by the Labour Party has found. Reform’s plan aims to reduce capital gains tax on crypto assets to a flat 10%, down from the current 24%. HMRC figures indicate that around 240 crypto millionaires, who made £717 million in gains in 2024/25, would benefit significantly.


Inheritance tax

The asset wealthy families are using to cut inheritance tax bills -
- Daily Telegraph (Charlotte Gifford)

Demand for onshore bonds increased by 250% in the first half of 2026, reports the Telegraph, driven by wealthy families seeking to mitigate inheritance tax bills ahead of reforms. The changes next year could affect 49,000 families, increasing their tax liabilities significantly. A survey revealed that 39% of retirees have adjusted their inheritance tax planning.


Property taxes

Labour plans tax raid on holiday cottages -
- Daily Telegraph (Gordon Rayner and Nick Gutteridge)

Tourism leaders have expressed concern over a plan to classify vacation rentals as second homes, warning that the additional tax burden could jeopardise the viability of many rental properties. The Chancellor is considering taxing holiday lets as second homes rather than as businesses, adding thousands of pounds to the cost of running them. Tourism bosses have warned that many owners of holiday lets will be forced to sell up as a result.


Tax domicile

Addison Lee founder owes £20.5m in tax after UK tribunal ruling -
- The Guardian (Patrick Daly)
- Addison Lee founder loses £20mn tax battle over ‘non-dom’ status (Financial Times – Alistair Gray and Jamie John) [PAYWALL]

The founder of taxi firm Addison Lee owes £20.5 million in tax after a tribunal dismissed a claim that he should be treated as a nom-dom despite living in the UK since childhood. John Griffin had argued he should be treated as a nom-dom due to his connection to Ireland, saying: “I was and am besotted with Ireland, infatuated with Ireland. I believe that I have always been and am Irish.” HMRC challenged the domicile status on Griffin’s self-assessment tax returns from 2013 to 2020, which would have allowed the 84-year-old to not pay UK tax rates on foreign earnings kept outside the country. This week, a London tribunal ruled in the tax authority’s favour.



Council tax

Badenoch says she is instructing lawyers to challenge government after Tory-run council's 94% tax hike -
- BBC News (Ewan Somerville and Matt Chorley)

Conservative leader Kemi Badenoch has said she has brought in lawyers to potentially challenge the government over local funding cuts, after a record council tax rise in a Conservative local authority. The proposed 94% tax rise in Wandsworth was "outrageous", said Badenoch, but "they're not doing it because they want to". She added that the party had "instructed lawyers" to see if an £84 million-a-year government funding cut, which Wandsworth Council has blamed for the increase, can be blocked. The government said it was "fixing an outdated funding system so funding goes where need is greatest".

17/09/2026

Media Tax Highlights - Thursday 17 September 2026

Budget

Capital Gains Tax frontrunner for hike in Budget -
- The I paper (Will Hazell)
- Burnham rejects 'tax and spend socialist' comments (BBC News - Paul Seddon)

The I paper reports that the government is considering raising capital gains tax (CGT) in the Budget as it seeks to address tighter fiscal headroom than expected. While some estimates suggest a CGT increase could raise significant revenue, critics warn it may discourage investment and asset sales. John Bull of Blick Rothenberg noted that CGT receipts reached a record £24.2 billion in 2024/25, adding that: “The political momentum over capital gains tax is undeniable”. Speaking to journalists yesterday, the Prime Minister said that the Budget would be “challenging”, blaming the “situation in the Middle East” for rising inflation in recent months.



Andy Burnham is punishing Britain with 'Old-fashioned tax-and-spend socialism' - Express (Kemi Badenoch)

Writing for the Express, Conservative leader Kemi Badenoch has expressed concern over Labour's economic policies, warning that the upcoming Budget could bring significant tax rises. She stated: “Old-fashioned tax-and-spend socialism risks becoming an old-fashioned Labour Winter of Discontent but with an algorithm.”

Andrew Griffith tells Burnham to rule out Budget tax rises -
- City A.M. (Saskia Koopman)

In his first major speech since taking the role, Shadow Chancellor Andrew Griffith will urge the government to rule out further business taxes in the Budget. He will also call on the government to simplify the tax system and pause an expansion of Making Tax Digital. It is believed that the Shadow Chancellor plans to announce a review that will assess the tax burden on small businesses, led by Lord Mackinlay and Robert Colvile (outgoing director at the Centre for Policy Studies).

Andy Haldane savages Burnham and calls for spending cuts to calm bond market chaos - Daily Mail (Hugo Duncan)

Former Bank of England economist Andy Haldane warned that difficult fiscal decisions, including tax rises, may be unavoidable. Speaking to LBC on the scale of the challenge facing the government, he said: “A few hard choices so far, but one is looming on the horizon now about how any hole to the Budget headroom is made good on. Is that a question of tax rises, or is it a question of taking the knife to public spending”.

Call to raise tax thresholds among union demands ahead of Budget - BBC News (Iain Watson)

Labour’s union donors are set to meet the Chancellor ahead of the Budget, urging measures to support lower-income households. Unite, the UK’s second-biggest union, has called for an end to the freeze on income tax thresholds and higher taxes on technology companies. Sharon Graham commented: “That tax threshold of around £12,500 - if that hadn't been frozen for the past few years it would have moved up to over £16,000 now. People at the lower end are paying eye-watering amounts of tax”.

Wealth taxes

Reform-linked thinktank ‘to call for big tax cuts for the rich’ -
- The Guardian (Kalyeena Makortoff)

The Centre for a Better Britain (CFABB), a think tank linked to Nigel Farage’s Reform UK, is preparing a policy plan to call for substantial tax cuts for the rich, including abolishing inheritance tax and phasing out CGT. The Centre [CFABB], founded by the former Reform chief operations officer Jonathan Brown, is also expected to propose cutting rules and regulations for the UK’s financial services sector, in what is being called “big bang 2.0”.

Inheritance tax

The asset wealthy families are using to cut inheritance tax bills -
- The Telegraph (Charlotte Gifford)

According to the Wealth manager Quilter, wealthy families are increasingly using bonds held in trust to reduce inheritance tax (IHT) liabilities. The firm reported a 250% rise in onshore bonds written under trust in the first half of 2026 compared with 2023, which Quilter attributed to the government’s decision to bring pensions into the scope of IHT from next year. David Little of Evelyn Partners, another Wealth management firm, also commented: “We are certainly seeing greater relevance of and interest in offshore bonds as the tax environment for those with large investment portfolios in the UK has tightened”.

How Kemi Badenoch could find the cash to axe inheritance tax -
- The Times (Alice Wright)

The Times explores the Conservatives' recent pledge to abolish IHT, arguing that while IHT is forecast to raise £8.5 billion in 2025-26 and more than £14 billion by 2030-31, it accounts for less than 1% of total tax revenues and affects fewer than 5% of estates. It points to countries such as Sweden and Norway, which abolished the tax and saw positive effects on family business investment. However, the paper warns that replacing the lost revenue would be challenging, requiring either higher taxes elsewhere, such as income tax, national insurance, corporation tax or VAT, or politically difficult spending cuts.
[NB Before the "Laffer Curve" got its name, in the early 1960s the United States discovered that reducing the tax RATES, increased the YIELD.]

16/09/2026

Media Tax Highlights - Wednesday 16 September 2026

Inheritance tax

Families face inheritance tax hit after Labour closes charity loophole - The Telegraph (Linus Uhlig)

Families could face inheritance tax bills on gifts left through charitable trusts following the recent changes to the rules. Previously, such gifts were tax-free if accompanied by a ‘letter of wishes’. However, from April this year, if money or property is left to a charitable trust instead of directly to a named UK charity, HMRC will treat it as taxable at 40% unless the trustees have executed legal paperwork to give the money to charities within two years of death. Emma Chamberlain from the Chartered Institute of Taxation said: “It is hard to see what this change is for. If the concern was abuse involving foreign charitable trusts that cannot be monitored, that could have been targeted directly”.

The £1 billion tax trap catching out families who pass on money 'too late’ - The Express (Rory Poulter)

Analysis by NFU Mutual, an insurance company, shows that inheritance tax on lifetime gifts raised more than £1 billion between 2020 and 2024. In 2023/24, it generated £315 million from 1,390 estates, with an average liability of £226,000. Under the seven-year rule, most gifts are outside the scope of IHT if the giver survives for seven years. But if they die within that period, the gift can be brought back into the inheritance tax calculation.


Pensions

UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says - The Guardian (Richard Partingto)
- UK state pension will surpass income tax threshold next year (Financial Times - Lucy Fisher and David Sheppard

The government has said retirees will not pay tax on the full new state pension, which is due to rise from £241.30 to £250.70 a week under the triple lock. While some experts have warned that frozen personal allowances could create tax liabilities, pensions minister Torsten Bell confirmed: “Pensioners who only just exceed the personal allowance will not have the administrative burden of paying small amounts of tax in this parliament”.
[NB: Who is going to oversee this administrative task? Pensioners tend to panic. Why not re-introduce the Age Allowance?]

Budget

UK chancellor considering Budget tax raid on higher stake slot machines - Financial Times (Stephanie Stacey and George Parker)

John Healey is reportedly considering increases to gambling taxes in the Budget, including changes to machine gaming duty on slot machines. According to people briefed on the issue, ministers are seeking to target betting shops and adult gaming centres while avoiding impacts on pubs, bingo halls and seaside arcades. Industry representatives have warned that higher taxes on slot machines could lead to the closure of hundreds of high street venues and the loss of thousands of jobs.

Property taxes

Mansion tax ‘as bad as 1696 window) tax’, councils tell Healey -
- Financial Times (Stephanie Stacey and George Parker)
- The Times (Jack Simpson)

Four London councils, Wandsworth, Kensington and Chelsea, Westminster and Richmond, have urged the government to rethink its proposed ‘mansion’ tax on homes worth more than £2 million from April 2028. They claim it could cost their residents £270 million a year, with charges ranging from £2,500 to £7,500. Peter Graham, Wandsworth’s cabinet member for finance, said: “This is the most badly designed tax on properties since the one on windows, 330 years ago.” The Treasury responded that the tax is expected to raise money to help to fund public services.

Visitor Levy

Labour launched tourist tax without assessing impact on jobs -
- The Telegraph (Tom Haynes)

The Telegraph reports that a local government minister has admitted that the government pressed ahead with plans for a ‘tourist tax’ without assessing how it would affect jobs. Jim McMahon emphasised that it’s the responsibility of individual mayors and local authorities to assess the effect of the tax, adding “Until you know where it’s been introduced, you can’t do a national assessment of its impact by the nature of it.” Meanwhile, UKHospitality estimates a 5% levy could cost the sector £1.6 billion and put 33,000 jobs at risk
[NB This is reminiscent of 1971-72, when a Junior in The Treasury observed that "to standard rate hot take-a-ways, would be taxing the working man's Friday fish-and-chips. Red-faced, the government backed down - and zero-rated it]

15/09/2026

Media Tax Highlights - Tuesday 15 September 2026

Budget

Britain, Burnham and tax: the walls close in -
- Financial Times (George Parker and Sam Fleming)

The Financial Times argues that "the economic walls are closing in" on the Prime Minister and Chancellor ahead of next month's Budget. They say the global economic climate means tax rises are "all but inevitable" and that these could erode the political momentum that has accompanied Andy Burnham's opening weeks in office. One scenario put forward is that the Prime Minister postpones tough tax decisions and takes advantage of a bump in Labour's popularity to call an early General Election.



Non-doms

UK Data on Non-Doms Skews the Picture of Employer Tax Challenges - Bloomberg Tax (Martin Muhleder)

In an article for Bloomberg Tax, Martin Muhleder of Vialto Partners writes that while recent government statistics on non-doms “hardly reflect the great exodus some were expecting”, the UK’s growing tax compliance burden is prompting some internationally mobile business executives and others to reconsider their options. He writes that “[a]s new tax requirements affect internationally mobile employees and executives, businesses will be examining whether their UK structures remain commercially and operationally viable.”

Inheritance tax

Kemi Badenoch must scrap inheritance tax before it’s too late -
- The Times (Ben Wilkinson, Head of Money)

Following yesterday’s news that the Conservatives are considering a plan to abolish inheritance tax (IHT) if they win the next general election, the Times’ Head of Money Ben Wilkinson argues that Kemi Badenoch should “stick to her gut…and abolish inheritance tax as part of a wider package of measures to make the country a better place to live and invest. Wilkinson argues that IHT is being used to generate money from an “unwitting” public and says that countries including Australia and Canada have abolished their versions without leaving gaps in the public finances.

Healey urged to drop ‘death tax’ holding back family businesses -
- City AM (Felix Armstrong, retail reporter)
- Farm tax a mistake, Lord Blunkett says in call for Burnham 'rural reset' (BBC News – Ewan Somerville and Tony Bonsignore)

The Chancellor is being urged to reverse the decision to cap Business Property Relief at £1 million. Ten industry bodies have collectively written to John Healey urging him to reverse the policy introduced by Rachel Reeves, his predecessor. Family Business UK, who coordinated the letter, said the changes had negatively impacted family-run businesses. The former Labour minister Lord (David) Blunkett and Conservative Prime Minister Lord Cameron have both spoken out recently about the policy, with Blunkett saying he expected the Prime Minister would “act accordingly” in response to concerns.
[NB No doubt, my prescient phrase: "you can tax the FRUIT, but not the ROOT", will be adopted]


Business taxes


City policy chair: new taxes on financial services would threaten our prosperity - City AM (Chris Hayward)
- 'Stop hammering Middle England': Jigsaw owner slams Labour tax hikes (This Money – Jane Denton, money reporter)

The chair of the City of London Corporation has warned against imposing further taxes on the financial and professional services sector. Chris Hayward writes that this would “threaten our prosperity” and calls instead, on the Chancellor and Prime Minister to focus on economic growth. Separately, the owner of the fashion chain Jigsaw has warned the government against “hammering middle England”. David Ross said customers had seen their pay rises eroded by frozen tax thresholds. Ross also called on the government to reverse business rates increases to support the high street.


State pension

State pension likely to rise by £488 a year in April -
- BBC News (Emer Moreau, business reporter)
- Almost 7 million adults in the dark about their State Pension (HMRC press release)

The state pension is expected to rise by almost £500 next year, a move that would take it above the tax-free personal allowance and create an income tax liability. Reports suggest the flat-rate state pension for those who reached state pension age after April 2016 will increase by £488 to £13,036.40 a year. Experts said the increase called into the question the long-term viability of the ‘triple-lock’ policy. The government has previously said that pensioners who rely solely on the state pension will not be required to complete a tax return. HMRC has also encouraged people to check their state pension forecast, with research suggesting one in eight adults have never done so.
[NB - A re-introduction of the Age Allowance, would alleviate the angst on the pensioners, as well as needing more unproductive civil servants required toproduce a small (?) tax yiled]


Council Tax

New Council Tax reforms could see revaluation of every home in Scotland -
- Daily Record (Linda Howard, money and consumer writer)

Every home in Scotland should be revalued as part of future council tax reforms. This was the ‘unanimous’ view expressed by tax professionals including CIOT, ATT, LITRG other experts in contributions to a Scottish Government-led roundtable on the future of council tax in Scotland. No decisions have been made on changes to Council Tax and the discussions form part of a wider programme examining potential reforms in the new parliament.

Second homes tax raid pushes hundreds of homeowners into debt - Joe Wright (Senior money writer)

Nearly 3,400 second and holiday home owners in Pembrokeshire face as much as £36,000 worth of debt as a result of the Welsh Government’s decision to introduce council tax premiums on the owners of second and holiday homes. The Telegraph reports that the measures were introduced by the last Labour-led government in Wales and are currently being reviewed by the new Plaid Cymru-led administration. Pembrokeshire is highlighted for its decision to introduce a council tax premium that reached 200% in 2024.

Visitor levy

MPs can claim tourist tax on expenses -
- The Telegraph (Noah Eastwood and Amy Gibbons)

The Telegraph says MPs will be able to claim the government’s proposed visitor levy on expenses, the independent parliamentary watchdog overseeing MPs expenses and salaries has confirmed. Mayors will be given the power to set a levy on overnight stays of up to 5 per cent of the cost of accommodation.
[NB This is reminiscent of 1972, when the MPs exempted themselves from paying Class 4 National Insurance]

14/09/2026

Media Tax Highlights - Saturday 12 to Monday 14 September 2026

Inheritance tax


Badenoch considers abolishing inheritance tax -
- Daily Telegraph (Charles Hyman)
- Inheritance tax faces axe if Kemi Badenoch wins next election as ditching 'hated' levy will be funded by welfare cuts (Daily Mail – Gabriel Millard-Clothier)
- Robert Jenrick rules out cutting inheritance tax as Kemi Badenoch ‘plans to scrap’ levy: ‘Not my priority!’ (GB News – Marcus Donaldson)

Conservative leader Kemi Badenoch is reported to be considering abolishing inheritance tax and could make an announcement as early as the party’s autumn conference. Badenoch and Andrew Griffith, her new shadow chancellor, have both signalled they favour the tax cut, but no decisions have been finalised as they work out costs. Reform UK's Treasury spokesman Robert Jenrick has branded the rumours a "desperate play" to win votes. Jenrick added: "Instead of a tax cut for the wealthiest 5% of families, Reform will give 40m people a tax cut of £500 a year… by raising the tax-free personal allowance to £15,000."



How grieving families paid £315m in tax on gifts in just one year
- Daily Mail (Lucy Evans)

Grieving families paid a record £315m in inheritance tax (IHT) in the 2023-24 tax year on gifts made by loved ones, with nearly 1,400 families averaging £226,000 each. Estates exceeding £325,000, or £500,000 for direct descendants, incur a 40% rate of IHT. Gifts made within seven years of death count towards the estate's value, leading to potential tax liabilities.



VAT


Burnham told to introduce a 10 per cent hospitality VAT after backing tax cut - City AM (Saskia Koopman)
- Hundreds of hotels, pubs and restaurants urge Burnham to cut VAT (Daily Telegraph – James Titcomb and Tom Haynes)

More than 800 hospitality businesses have urged the Prime Minister to reduce VAT from 20% to 10% ahead of the upcoming Budget. Signatories include major chains like JD Wetherspoon and Marriott, alongside renowned chefs such as Tom Kerridge. They argue that the current VAT rate harms the sector, which has lost around 100,000 jobs in two years. The businesses have highlighted that Andy Burnham, while mayor of Greater Manchester, said earlier this year that he would “argue for a VAT rate more consistent with what you find in Europe”. Britain charges hospitality businesses VAT at 20 per cent, compared with 10 per cent in France, Italy and Spain and seven per cent in Germany.

Wealth taxes

Fund income tax cut with raid on the wealthiest, says Labour’s biggest union backer - The i (Caroline Wheeler)

The general secretary of Unite has called on the Prime Minister to raise taxes on the wealthiest to alleviate the cost of living for working families. Writing for the i, Sharon Graham advocates unfreezing income tax thresholds and implementing significant cuts to energy bills, paid for by the profits of energy companies.

FOI request reveals low level of voluntary tax donations -
- Daily Telegraph (Pieter Snepvangers)

The Telegraph attacks the Patriotic Millionaires campaign group for failing to make voluntary donations to HMRC. Under the heading ‘Lineker’s millionaire cabal asked to pay more tax – the Treasury is still waiting’ the 'paper writes that a letter organised by the group told the Prime Minister that they wanted to pay more tax to support the government, and led to a minister saying those wanting to pay more could make a voluntary payment. However, the Treasury has received just £550 in two donations made by anonymous members of the public since the letter was sent in July, a Freedom of Information request has revealed. Stephen Kinsella, a lawyer and member of Patriotic Millionaires, told the paper: "Inviting voluntary donations won’t get the job done – that’s why we are urging the Chancellor to address our country’s unequal tax system in the Budget, by reforming capital gains tax and committing to an annual wealth tax."

I dream of taxes low enough to come home to the UK -
- The Times (Ryan Howsam)

Writing in the Times, Ryan Howsam, the founder of travel insurer Staysure, says the UK's tax regime is driving wealthy individuals abroad. Pointing to the recent cases of wealthy business people relocating, Howsam, who was born in Sheffield but is resident in Dubai, says many entrepreneurs look at the UK as a much less favourable place to build businesses. He argues that the government must adopt strategies to attract wealth, such as a digital nomad scheme or a flat-tax regime.



Overnight visitor levy

Conservatives highlight higher impact of visitor levy at peak times -
- Families will be forced to pay more by Labour’s tourist tax (Daily Telegraph - Amy Gibbons)
- Labour mayors face revolts over tourist tax plans (Sunday Telegraph – Noah Eastwood)

The proposed tax on overnight stays could significantly increase costs for families planning staycations, warns Andrew Griffith, the shadow chancellor. Because the levy will be set as a percentage of accommodation prices, rather than a flat fee, the extra cost will increase during the school holidays, when high demand pushes up prices. This, says Griffith, will harm family-run businesses in seaside towns as people may reconsider their holiday plans. A spokesperson for Labour said the government’s approach is "proportionate" and "means that low-cost holidays will stay low, while those who can afford it contribute most to the places they visit." Meanwhile, Conservative and Reform councils are pushing back against mayoralties in the North East and East Midlands over plans to impose a tourist tax in the regions. Councillors fear the tax will hurt already hard-pressed businesses.

‘Hotel police’ to enforce Burnham’s tourist tax -
- Daily Telegraph (Eir Nolsøe, Tim Wallace and Harry Brennan)
- Fears of 'jobs bloodbath' as Burnham launches huge 'tourist tax' raid (Daily Mail – James Tapsfield)
- Migrant hotels exempt from tourist tax (Daily Telegraph – Charles Hymas)

The Telegraph reports that the tax on overnight stays will be enforced by inspectors with the power to demand access to hotels, force hospitality bosses to hand over documents and issue financial penalties. Also, the Department for Housing, Communities and Local Government has confirmed that asylum hotels accommodating migrants will not be subject to the new tax, drawing criticism from opposition parties.



Taxation of pensioners

A raid on pensioners risks destroying growth -
- Sunday Telegraph (Tim Wallace)

Tim Wallace in the Telegraph considers the impact of taxing affluent pensioners to address Labour's cash shortage after the Institute for Public Policy Research suggested imposing National Insurance contributions on pensioners and increasing wealth taxes. However, economists warn that older households are vital for economic stability, as they account for significant consumer spending.



Tax reliefs and exemptions

King and prince’s estates escape tax on £70m profits from property deals - The Observer (Jon Ungoed-Thomas)

The royal family is under scrutiny for tax exemptions on profits exceeding £70 million from its estates since 2020. The Duchies of Cornwall and Lancaster, led by Prince William and King Charles respectively, benefit from a crown exemption that allows them to avoid certain taxes. Calls for a review of these tax arrangements have intensified, especially as MPs prepare to vote on a significant increase in the sovereign grant.
[NB It has only been in recent decades that the Royal Family were "voluntarily" sought to paytax]

Energy and transport taxes

Self-driving cars should be taxed to offset job losses, thinktank urges - The Guardian (Gwyn Topham)

The Centre for British Progress recommends introducing taxes on self-driving cars in the UK to address congestion and job losses. With the first robo-taxis now operating in London, the report warns that widespread adoption could threaten 417,000 taxi and private hire jobs. It suggests that early taxation could provide a revenue stream as fuel duty declines.



Energy bills 'could fall by £250' as 123 firms call for 'hidden taxes' to be scrapped - Daily Express (Katie Elliott)
- UK chancellor urged to remove ‘hidden taxes’ from energy bills (The Guardian – Mark Sweney)

Over 120 organisations, including Energy UK and Age UK, have urged the government to eliminate hidden taxes on energy bills. In a letter to the Chancellor, they argue that removing levies that fund energy policies could lower household bills by up to £250 annually and reduce electricity prices for businesses by 20%. The letter points out that energy bills are currently 70% higher than in 2021.

Property taxes

Stamp duty reform is ‘urgent,’ Berkeley tells Burnham -
- City AM (Felix Armstrong)

Berkeley has urged the Prime Minister to implement urgent reforms to stamp duty land tax, saying it acts as a barrier for housebuilders and buyers. The FTSE 250 firm claims that the tax discourages first-time buyers and existing homeowners from moving, leading to a decline in new home demand. Berkeley proposed capping SDLT at 1% for first-time buyers and removing the 5% surcharge for investors.

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