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Personal tax

Recession to cull numbers of top rate taxpayers

The economic downturn looks set to reduce dramatically the proportion of people who pay income tax at the 40 per cent rate.

HMRC turns to agencies on late payments

HM Revenue and Customs (HMRC) is to run a six-month trial using debt collection agencies to chase late tax payments.

IR35 comes under fire for its negligible tax take

Figures have been released showing that the IR35 tax regulations are producing an average of just £1.5 million a year in tax revenues.

Pensions tax relief measures need to be reconsidered

Pension industry groups are warning that government plans to cut the tax relief available to higher earners on their pension contributions could have an adverse impact on the whole savings and retirement system.

Pension rules may deter saving

Changes to pensions tax relief for higher earners could be counterproductive, it has been claimed.

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