Banner

Personal Tax

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.

Read more »

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.

Read more »

£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).

Read more »

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.

Read more »

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.

Read more »

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.

Read more »

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.

Read more »

Tax credit errors cost £2.3 billion in 2010-11

HM Revenue and Customs (HMRC) is to miss its target to reduce tax credit error and fraud by £5 billion, a report by the Public Accounts Committee (PAC) has said.

Read more »

Universal Credit trial roll-out begins

The Government's 'radical reshaping' of the UK benefits system got underway today as Universal Credit began for jobseekers in the North-West of England.

Read more »

Students encouraged to check their tax bill

Students could be paying the incorrect amount of tax following the introduction of the new PAYE system and the abolition of the form which allowed students to defer paying income tax when getting paid for holiday work, the Low Incomes Tax Reform Group (LITRG) have said.

Read more »
Syndicate content