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Personal tax

New disclosure campaign for unpaid offshore taxes

HM Revenue and Customs (HMRC) is to launch a new campaign aimed at reclaiming the tax payable on undeclared funds kept in offshore accounts.

Tax rebates taking 'longer' to be refunded

People are experiencing increasing delays in the time it takes for refunds of overpaid taxes to be made, it has been claimed.

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.

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