International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

UK will raise taxes to pay for COVID-19 spending

Mattias Cruz Cano
May 13, 2020
The UK could be one of many economies planning tax increases

The UK government is set to increase taxes as part of its plans to finance the emergency COVID-19 spending, signalling that even business-friendly jurisdictions will be left with no other choices to strengthen budgets.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Topics

NewsDirect TaxIndirect TaxUnited Kingdom
HeadShots_MattiasCruz.jpg
Mattias Cruz Cano
Senior Reporter ITR
Contact
more across site & bottom lb ros

More from across our site

eu large
EU carbon border tax enters transitional phase
The carbon border tax regime will come into play in 2026 but its reporting requirements are now in force.
Sam Sholli, October 02, 2023
Matthew Fountain.jpg
OECD ‘a little bit naïve’ on pillar two expectations
Disputes around pillar two filings are set to be significant and longwinded, according to a tax director speaking at an ITR conference in London.
Sam Sholli, October 02, 2023
Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC
This week in tax: PwC Australia ‘failed to take ATO seriously’
PwC publishes detailed accounts of its behaviour in the tax scandal in Australia, while another tax trial looms for pop star Shakira.
Ralph Cunningham, September 29, 2023
ITR-EMEA-Tax-Awards-2023-logo
ITR EMEA Tax Awards 2023: winners announced
The winners of the ITR Europe, Middle East, and Africa Tax Awards 2023 have been announced!
John Harrison, September 28, 2023
ITR-AsiaPac-Tax-Awards-2023-editable-transparent-4c.png
ITR APAC Tax Awards 2023: winners announced
The winners of the ITR Asia-Pacific Tax Awards 2023 have been announced!
John Harrison, September 28, 2023
53215245299_5f8f0c050e_c.jpg
EU Commission expert gives optimistic outlook for TP Directive
Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.
Sam Sholli, September 27, 2023
53217031246_ddb110b605_c.jpg
‘Only tax advisers’ will benefit from pillar two
The global minimum rate also won’t entirely stop a race to the bottom, according to a tax director speaking at an ITR conference in London.
Sam Sholli, September 27, 2023
53213975057_3000488170_c.jpg
Tax director: Germany ‘more aggressive’ on inter-company finance and transactions
The country’s tax authorities are not interested in seeing transfer pricing studies any more, it was claimed at an ITR industry conference in London.
Sam Sholli, September 26, 2023
italy-flag.jpg
Italy offers lenders opt-out on windfall tax
The controversial measure is being watered down after criticism from the European Central Bank.
Sam Sholli, September 25, 2023
hmrc.jpg
HMRC boosts requests to foreign tax authorities about UK residents
More than 600 such requests were made in 2022, while HMRC has also bolstered its fraud service, it has been revealed.
Sam Sholli, September 25, 2023