Tax Planning

The Conservative government will not introduce a 'wealth' or 'mansion' tax on the rich, but will step up its pursuit of those who are not paying the taxes they should, Chancellor George Osborne said today.

FIVE THINGS

BENEFITS AND TAX RATES

The Prime Minister David Cameron and Chancellor George Osborne have ruled out introducing a wealth tax on high earners or an annual levy on expensive properties - two proposals central to the Liberal Democrats' plans.

Celebrities including Weakest Link presenter Anne Robinson and members of Take That have been exposed as participants in a £1.2bn tax avoidance scheme, according to reports.

A QUESTION OF TRUST

Labour leader Ed Miliband has attacked the coalition government's decision to axe the 50p rate in his speech at the party's annual conference.

FIVE THINGS

Labour would reinstate the 50p top rate of tax should it win the next election, party leader Ed Miliband has said.

Nick Clegg has said there can be "no question of reducing further" the top rate of income tax under the coalition government's watch.