Discover and read the best of Twitter Threads about #TaxAfterCoronavirus

Most recents (6)

⏳One hour to go until our evidence session on business taxes as part of our #TaxAfterCoronavirus inquiry.

We'll hear from:

✅ Tom Clougherty @CPSThinkTank
@alexcobham
✅ Annie Gascoyne @CBItweets
@ChrisSangerEY

📺Watch it live at 14:30 here👇

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We're underway with our evidence session on business taxes for our inquiry into #TaxAfterCoronavirus.

📺Watch it live here👇

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How important is corporation tax to businesses when considering where to invest?

@ChrisSangerEY tells us that it's "fifth or sixth on the list".

He added that low rates make the UK attractive to invest in and Govt would be wrong to raise rates if it wants inward investment. Image
Read 8 tweets
⏳One hour to go until our evidence session on #TaxAfterCoronavirus, with a focus on employment taxes.

We'll hear from:

@JudithFreedman
@BillDodwellTax
@dcribb
✅Andrew Titchener
@CBItweets

📺Watch it live from 9.30am here👇

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We're underway with our evidence session on #TaxAfterCoronavirus.

📺Watch it live here👇

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Andrew Titchener from @CBItweets tells us that the headline rate of corporation tax is not as important to businesses as reliefs and incentives. Image
Read 7 tweets
(1/5) The three-person tax problem.

It's possible to work for the same employer and be taxed in different ways depending on whether you're:

1⃣Employed
2⃣Self-employed
3⃣A limited company

Read on to find out more👇
(2/5) These differences arise because of the different ways the tax system deals with different things.

Employees pay income tax and national insurance.
(3/5) The self-employed pay income tax and Class 4 national insurance, which is lower than an employee.
Read 5 tweets
🔜One hour to go until our evidence session on #TaxAfterCoronavirus. We'll hear from:

✅Charlotte Barbour, ICAS

✅John Cullinane,
@CIOTNews

✅Anita Monteith,
@ICAEW

📺Watch it live today at 09:30 here👇

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And we're off with our #TaxAfterCoronavirus evidence session.

📺Watch it live here👇

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Asked by @hbaldwin whether reduced rates of tax for self-employed people are justified, Charlotte Barbour (ICAS) said that it's hard to justify why people doing similar work pay different rates of tax.

John Cullinane (@CIOTNews) added: it's "hard to justify these differences." Image
Read 5 tweets
The next evidence session for our inquiry into #decarbonisation of the UK economy and #GreenFinance is just about to start.

📺Watch it live here👇

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And we're off!

📺Watch it live here👇

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.🗣️@emilyshuckburgh tells us that we've experienced what a global shock looks like with #coronavirus, adding that "the state of our climate, if we do not address that, is going to create a much greater global shock." Image
Read 11 tweets
📺We're underway with the first evidence session of our #TaxAfterCoronavirus inquiry.

The witnesses are:

➡️@PJTheEconomist
➡️@gemmatetlow
➡️@MikeBrewerEcon
➡️Prof. Philip Booth from @iealondon

Watch it live here👇

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Paul Johnson from @TheIFS said that if you want to raise significant amounts quickly, the income tax rates could be raised by a few points.

Gemma Tetlow from @instituteforgov said broadening the tax base rather than increasing the rates would be favourable. ImageImage
.@JulieMarsonMP asks: is the UK at its taxable capacity?

Some agreement amongst the panellists that the UK is below many EU countries so there is scope for the UK's tax burden to be higher.

Prof. Booth added that the UK can only go higher with a much better-designed tax system. Image
Read 6 tweets

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