Income tax

Business leaders will today make a fresh plea to George Osborne to scrap the 50p rate of income tax and increase personal allowances to protect the British economy from the worst of the eurozone crisis.

The Institute for Fiscal Studies (IFS) has proposed extending VAT to nearly all spending - including financial services - following its wide-ranging review into the UK's tax system.

Energy and Climate Change Secretary Chris Huhne has added to coalition tensions over the future of the 50p top rate of income tax with a warning to Tories against 'helping their friends in the City'.

A former Labour Treasury minister today urged her party to drop its support for the 50p tax rate.

Downing Street has rejected calls from a group of prominent economists to drop the 50p tax rate as soon as possible, although it has continued to insist it is only a temporary measure.

Capital Economics' Roger Bootle is among 20 of the UK's leading economists urging the coalition to drop the 50p tax rate, calling the top levy a "self-defeating" way for the Treasury to raise money because it risks driving away the nation's wealth creators...

The tax contribution of the Premier League's 20 clubs is set to exceed £1bn this season thanks to the rising cost of player wages.

An action group has called on the government to suspend income tax on savings interest due to what it said was a "deteriorating" climate for savers.

Chancellor George Osborne has hinted again the 50p tax rate remains under review.

It hasn't all been about the platforms paper, you know...