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Personal tax

HMRC wins access to offshore bank account details

Over 300 banks and financial institutions will be obliged to hand over details of their customers’ offshore accounts to the tax authorities.

Fraudsters target online tax returns

Criminals are making fraudulent claims for refunds in a new scam aimed at online self-assessment tax returns.

Disclosure offer should cover more taxpayers

The latest campaign by HM Revenue and Customs (HMRC) designed to encourage people with undeclared funds in offshore accounts to disclose their tax liabilities should be extended.

Minimum interest rate for tax overpayments

HM Revenue and Customs (HMRC) has announced that people who overpay their taxes will be guaranteed a minimum of 0.5 per cent interest on the money.

Higher tax band will 'dampen' the economy

The introduction of the new higher income tax rate will damage the economy, the TaxPayers’ Alliance has claimed.

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