Tax
Which currency would an independent Scotland use?If Scotland holds a referendum and votes for independence there are a number of difficult economic decisions that would face leaders on both sides of the border. |
Unpaid taxes £1.1bn higher ‘due to HMRC job cuts’Tax collection has been £1.1 billion lower than it could have been because of job cuts at HM Revenue and Customs (HMRC), a public spending watchdog is claiming. |
Millions to get tax refunds earlier as HMRC starts PAYE year-endHM Revenue & Customs are starting their end-of-year PAYE reconciliations earlier which means up to 3.5 million people will receive refunds earlier than normal. |
Brits paying £448m over the odds in inheritance taxCareful tax planning which puts life insurance under trust could save £448 million in unnecessary inheritance tax (IHT) payments, according to a new study. |
Treasury reports one in ten £10m earners pay less than 20% taxIn a bid to support a proposed policy to limit tax relief available on charitable donations the Treasury has released figures that show one in ten £10m+ earners pay less than the basic rate of tax. |
A guide to the new tax year 2012-13The new tax year begins tomorrow, (Friday April 6th 2012) which means employers, employees, pensioners and families will all be affected by rate, allowance and tax changes. |
George Osborne supports idea to reveal politicians tax affairsThe Chancellor, George Osborne, says he supports the idea of making cabinet ministers tax affairs public to help make the rules transparent. |
Average family £500 worse off through tax changes, warns IFSMillions of families across the UK stand to lose more than £500 a year under reforms to the tax system which start tomorrow, according to a leading think tank. |
Millions affected by tax and benefits shake-up for new tax yearA series of changes to the tax and benefits system announced by the Government over the past year and a half will finally come into force on Friday. |
Air passenger duty soars by 8%Air passenger duty has gone up by eight per cent, hitting passengers in the pocket just in time for the Easter holidays. |
Budget 2012: Are you a winner or loser?Single people with no children benefit from the budget if they earn less than £125,000 but to work out if you are better off as a family or a pensioner is more complicated. |
Budget 2012: What it means for pensions and tax reliefContrary to many people’s expectations, annual pension tax relief did not get reduced from £50,000 in yesterday's Budget. |
Personal allowance set to increase to £9,205 in today's budgetGeorge Osborne delivers his third budget today and its centrepiece is expected to be an increase in the personal allowance before income tax is due to £9,205. |
Budget 2012 preview: What will Chancellor Osborne announce?George Osborne announces his budget on Wednesday with precious little "wiggle room". Economic growth is required whilst maintaining his deficit reduction programme. We assess his likely choices. |
HMRC target e-traders in unpaid tax crackdownOnline traders are the focus of HMRC’s latest clampdown on unpaid tax. But the CIOT is calling for a national campaign open to all taxpayers instead. |
Pension tax relief set to be cut again in next week's budgetPension tax relief could be cut again in next week's budget as the coalition tries to fund increasing the personal income tax allowance. |
Osborne may reduce annual pension allowance to fund tax cutsThe Chancellor, George Osborne is considering reducing the tax-free pension annual allowance to fund increases in the income tax personal allowance in the budget later this month. |
Axe the VAT on our energy bills, say 98% of BritsA survey by uSwitch.com reveals 98 per cent of people in the UK believe VAT, which is charged at five per cent on gas and electricity should be axed saving each household £60 annually. |
RBS used similar tax loophole as Barclays to avoid paying taxThe Royal Bank of Scotland used a similar tax loophole scheme as Barclays to avoid paying tax on the profits made from buying back its own debt in 2009. |
HMRC to set up new body to review £100m+ business tax dealsFollowing criticism of HMRC from a parliamentary committee the Treasury has confirmed that an "assurance commissioner" will be set up to scrutinise tax settlements above £100m. |
Brits pay most fuel duty and tax in Europe for petrol and dieselOfficial figures from the European Commission reveals that UK motorists pay the highest proportion of fuel duty and taxes on diesel and petrol in the European Union. |
Treasury closes tax loopholes and orders Barclays to pay £500mA major UK bank, believed to be Barclays, has been ordered to pay back tax of £500 million that it tried to avoid by using two loopholes. |
Taxman sends out 850,000 self assesment fines, down 39% on 2011HMRC reports a 39 per cent drop in fines sent out to self assessment taxpayers this year and puts it down to better advertising and stronger penalties. |
Rangers Vs HMRC: Result could impact on city and Premier LeagueThe fight between Rangers and the UK tax authorities over the use of employee benefit trusts (EBTs) could see HMRC take on other institutions who have used the same system. |
Record number of self assessment tax returns filed on time, says HMRCHMRC received 9.45 million tax returns on time this year, an increase of 800,000 on last year, but over one million taxpayers were late and will receive a £100 penalty. |
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