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Personal Tax

Postal strike may have impact on late tax return penalties

The possibility of nationwide industrial action by postal workers could affect the filing of tax returns due by 31 October.

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Inheritance tax payments see significant fall

The decline in house prices has had a dramatic impact on the level of inheritance tax that is being paid.

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Date looms for paper tax returns

Taxpayers are being reminded that the last date for submitting tax returns in their paper version is 31 October.

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EU considers carbon tax for vehicles

The European Commission (EC) is investigating the feasibility of a carbon tax on road fuel in an effort to reduce emissions.

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New tax-free savings limits for the over-50s

Savers aged over 50 now have the chance to invest more in tax-free ISA savings accounts.

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Offshore tax disclosure opportunity goes online

The Revenue’s latest campaign to track down tax that may be owing on undeclared funds held in offshore accounts is now online.

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Broadband tax 'set' to become law

Plans to introduce a tax on landline telephones in order to fund the development of faster broadband links could become law within a year.

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HMRC changes self-assessment registration for those not self-employed

HM Revenue and Customs (HMRC) has announced a change to the way that taxpayers who are not self-employed register for self-assessment.

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Government to clamp down on tax non-compliance

The Treasury has signalled its intention to act against those who do not comply with the UK’s tax laws.

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HMRC announces harmonised interest rates

HM Revenue and Customs (HMRC) has announced the new interest rates that will be charged for and paid on late and overpaid taxes.

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