While Donald Trump is refusing to publish his tax returns, the Leadership contender Owen Smith is proposing a wealth tax of 15% for anyone with a salary over £150,000. This type of tax would be applied to buy-to-let property and to share dividends. Whether or not Owen Smith will be successful remains to be seen.
This particular tax would only apply to the country’s richest 1%.
Fortunately, Britain doesn’t have one of the highest tax rates in Europe. For the past five years, Belgium has paid the highest amount of taxes in the EU. The UK isn’t even in the top 10 list of countries, which include Germany, Greece, Sweden, Hungary and Italy.
For qualified tax advisers in Newcastle, call our team at We Do Any Tax Return.
‘Oh, I just love the tax season,’ said nobody…ever.
Paying your tax has to be one of the most unenjoyable tasks, but it doesn’t have to be an uphill struggle. Our qualified tax advisers can fill in your tax form for you. They can also ensure that you pay the least amount of tax possible. We will then send your form to the HM Revenue and Customs for you.
Our ultimate goal is to ensure you feel rewarded for your hard work. Based in Newcastle, We Do Any Tax Return. cover the whole of the UK
To get in touch with our qualified tax advisers, call 07889 676 914.