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Personal tax

Time running out for offshore disclosures

People with undisclosed funds held in offshore accounts are being reminded that they have only a few days left in which to take advantage of a reduced penalty rate on the taxes owing.

Savers could be hampering economic recovery

The number of households that are using their money to pay down debts or to boost their savings is on the increase and could be having an adverse effect on the economic recovery.

Inflation rise puts savings under greater pressure

A combination of low interest rates and rising inflation means that savers are likely to see even poorer returns on their money.

Rise in national insurance contributions could pressure wages

The Chancellor’s decision to increase national insurance contributions might see a squeeze on wages, a think tank has warned.

Chancellor leaves gap between CGT and income tax untouched

Contrary to the expectations of some commentators, the Chancellor chose not to make any changes to the rate of capital gains tax in the pre-Budget Report.

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