The UK government's new company classification thresholds will cost the Treasury around £20m annually in lost tax revenue due to IR35 non-compliance, impacting thousands.
HMRC's inheritance tax receipts reached £7 billion, suggestive of continued long-term growth, particularly with rising property values driving more estates into tax liability.
Sir John Armitt emphasized that as revenue from petrol tax diminishes due to the rise of electric vehicles, a public debate on road pricing is essential to replace it, noting that more than 30 billion a year is at stake.
Labour plans to add 20% VAT on private school fees, potentially causing parents to relocate children to state schools. This could impact tax revenue, teacher recruitment, and private school student exodus.