18% rise in non-doms as tax revenue jumps to £8.9bn

The number of non-domiciled taxpayers in the UK climbed 7% in 2023 and they paid £8.9bn in tax, according to the latest HMRC figures for 2023.

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VCT investor numbers jump 32%

The number of investors claiming tax relief on a Venture Capital Trust (VCT) investment in 2021/22 rose by 32% (year-on-year) to 25,800, a new report says.

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Top earners hit by 18% tax rise in one year

Britain’s top 100,000 taxpayers saw their average income and capital gains tax bills surge by 18% in one year, according to a Freedom of Information request.

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Economy grows more rapidly than expected

The UK economy surprised economists by growing by 0.2% in the second quarter of the year and showed a much better than expected performance in June.

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