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Personal Tax

Tax evasion campaign launched

HM Revenue & Customs has unveiled an advertising campaign tackling tax evaders who hold money in offshore accounts.

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Paperless self-assessment proposed

HM Revenue & Customs has announced plans to make the online self-assessment service "a more complete end-to-end digital experience".

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Lifetime gifts alter the traditional inheritance

The traditional inheritance is becoming a thing of the past as more parents choose to give away assets during their lifetime, data from the Office for National Statistics has suggested.

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Pensions lifetime limit cut to affect thousands

The number of individuals affected by next year's cut in the lifetime limit for pension contributions is likely to be higher than Government figures suggest, according to pension provider Standard Life.

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Higher rate taxpayers missing out on pensions tax relief

An estimated 182,000 higher rate taxpayers are missing out on pension contributions tax relief worth around £229 million, according to research from Prudential.

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£3bn paid in inheritance tax in 2012/13

Inheritance tax cost families and individuals more than £3 billion in 2012/13, according to figures from the Office for National Statistics (ONS).

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HMRC campaigns update: your chance to disclose missed tax payments

HMRC is offering individuals who may have missed tax payments on property sales and those who have failed to file self assessment returns the opportunity to come forward and settle any unpaid tax as part of time-limited campaigns.

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A third of top businesses legally reduce tax bills

The survey, which questioned business decision makers and members of the public, found that 34 per cent of the highest earning businesses and individuals take advantage of measures to reduce their tax liability, compared with just 18 per cent of SMEs.

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Scottish stamp duty tax change edges closer

A bill allowing Scotland to set its own rate of stamp duty land tax (SDLT) separate to that of the UK has reached its third stage of debate in the Scottish Parliament.

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A third of workers take on second jobs to boost income

Three million Britons (six per cent) have taken on a second job to boost their primary monthly income, with one in three (36 per cent) supplementing their income in some way with an additional £2,536 a year, research from Direct Line has found.

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