Record number of tax-returns filed on time
A record 9.61 million people filed and sent their self-assessment tax returns this year, with 7.93 million sent online, HMRC has revealed.Read more »
View ArticleHigh earners reminded of child benefit charge
People receiving child benefit who have an income of over £60,000 are being reminded to opt out of receiving payments before the 28 March in order to avoid paying a new charge by self-assessment tax...
View ArticleBudget 2013: Support for childcare and mortgages announced
Measures to help individuals get onto the housing ladder and an acceleration in the tax-free personal allowance increase were among the personal finance highlights in Chancellor George Osborne's 2013...
View ArticleStocks and shares ISAs underused by savers
A quarter of UK adults own stocks and shares, yet many are failing to make use of their tax-free stocks and shares individual savings account (ISA) allowance, research has claimed.Read more »
View ArticleStudents encouraged to check their tax bill
Students could be paying the incorrect amount of tax following the introduction of the new PAYE system and the abolition of the form which allowed students to defer paying income tax when getting paid...
View ArticleUniversal Credit trial roll-out begins
The Government's 'radical reshaping' of the UK benefits system got underway today as Universal Credit began for jobseekers in the North-West of England.Read more »
View ArticleMore countries sign tax agreement
A number of Commonwealth nations are among those who have signed an agreement to share tax information, a report by the Organisation for Economic Co-operation and Development (OECD) has said. Read more »
View ArticleTax credit errors cost £2.3 billion in 2010-11
HM Revenue and Customs (HMRC) is to miss its target to reduce tax credit error and fraud by £5 billion, a report by the Public Accounts Committee (PAC) has said.Read more »
View ArticleA third of workers take on second jobs to boost income
Three million Britons (six per cent) have taken on a second job to boost their primary monthly income, with one in three (36 per cent) supplementing their income in some way with an additional £2,536 a...
View ArticleScottish stamp duty tax change edges closer
A bill allowing Scotland to set its own rate of stamp duty land tax (SDLT) separate to that of the UK has reached its third stage of debate in the Scottish Parliament.Read more »
View ArticleA third of top businesses legally reduce tax bills
The survey, which questioned business decision makers and members of the public, found that 34 per cent of the highest earning businesses and individuals take advantage of measures to reduce their tax...
View ArticleHMRC campaigns update: your chance to disclose missed tax payments
HMRC is offering individuals who may have missed tax payments on property sales and those who have failed to file self assessment returns the opportunity to come forward and settle any unpaid tax as...
View Article£3bn paid in inheritance tax in 2012/13
Inheritance tax cost families and individuals more than £3 billion in 2012/13, according to figures from the Office for National Statistics (ONS).Read more »
View ArticleHigher rate taxpayers missing out on pensions tax relief
An estimated 182,000 higher rate taxpayers are missing out on pension contributions tax relief worth around £229 million, according to research from Prudential.Read more »
View ArticlePensions lifetime limit cut to affect thousands
The number of individuals affected by next year's cut in the lifetime limit for pension contributions is likely to be higher than Government figures suggest, according to pension provider Standard...
View ArticleLifetime gifts alter the traditional inheritance
The traditional inheritance is becoming a thing of the past as more parents choose to give away assets during their lifetime, data from the Office for National Statistics has suggested.Read more »
View ArticlePaperless self-assessment proposed
HM Revenue & Customs has announced plans to make the online self-assessment service "a more complete end-to-end digital experience".Read more »
View ArticleTax evasion campaign launched
HM Revenue & Customs has unveiled an advertising campaign tackling tax evaders who hold money in offshore accounts.Read more »
View ArticleBudget 2014: responses
Chancellor George Osborne delivered his 2014 Budget statement on 19 March 2014. Here is a round-up of reaction from industry bodies.Read more »
View ArticlePM hints at inheritance tax change
The inheritance tax threshold should be raised above its current £325,000 limit for individuals, Prime Minister David Cameron has said.Read more »
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