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Personal Tax

HMRC urged to be lenient on returns delayed by the postal strike

Taxpayers whose paper returns are held up in the mail by the postal strike should not have to face a late filing fine.

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Income tax requires '7p hike'

To tackle the UK’s massive public debt, the basic rate of income tax should be raised by 7p in the pound, a leading think tank has said.

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Tax changes would help support economic recovery

The Chancellor has been urged ahead of his pre-Budget Report to introduce changes to the tax system as a way of helping to stimulate economic growth.

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Tax refund scams on the up

The number of scam emails in circulation promising people bogus tax refunds has reached record levels.

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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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