Personal Tax

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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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.

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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.

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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.

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Stocks and shares ISAs underused by savers

A quarter of UK adults own stocks and shares, yet many are failing to make use of their tax-free stocks and shares individual savings account (ISA) allowance, research has claimed.

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Budget 2013: Support for childcare and mortgages announced

Measures to help individuals get onto the housing ladder and an acceleration in the tax-free personal allowance increase were among the personal finance highlights in Chancellor George Osborne's 2013 Budget.

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High earners reminded of child benefit charge

People receiving child benefit who have an income of over £60,000 are being reminded to opt out of receiving payments before the 28 March in order to avoid paying a new charge by self-assessment tax return.

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Record number of tax-returns filed on time

A record 9.61 million people filed and sent their self-assessment tax returns this year, with 7.93 million sent online, HMRC has revealed.

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