Personal Tax

Online tax and Government spending calculator launched

A new online tax calculator enabling individuals to work out how much tax they pay, and how the Government spends it, has been launched by HMRC.

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End of stamp duty holiday encourages higher value property purchases in Scotland

First time buyers in Scotland purchased higher priced property in the first quarter of 2012 as a result of taking advantage of the stamp duty concession, the Council of Mortgage Lenders (CML) has said.

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HMRC launches new helpline and improved tax services for the bereaved

HMRC is to improve the quality of its contact processes and provide extra support for those who have suffered bereavement from this month, it has confirmed.

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EU trends show corporate and personal tax rates are on the up

The average standard VAT rates in the European Union's 27 countries have risen dramatically since 2008, a new report into taxation trends by the European Commission has found.

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Think tank urges for single 30% income tax rate

A new single income tax rate of 30 per cent should replace and abolish eight different taxes, a report by a Government think tank has said.

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Confusion over PPI compensation and tax liability

Individuals receiving compensation for mis-sold payment protection insurance (PPI) are unaware they may be liable to pay tax on awarded payments, after HMRC clarified its position on PPI and taxation.

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Millions of taxpayers in line for early tax refund

HMRC has confirmed that more than three million tax refunds are to be sent out as of next week - two months earlier than previous years - due to an earlier review of the amount of tax paid for 2011/12 via the Pay As You Earn (PAYE) system.

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Tax tests for contractors criticised

HMRC has come under fire over the release of new guidance for contractors and freelancers on the complex tax legislation IR35.

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HMRC campaign deadlines approach for electricians and online traders

The deadlines for HMRC's latest tax campaigns for electricians and online traders are approaching.

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Scotland Act 2012 given Royal Assent

Scotland is to be handed new powers in setting its own rate of taxes and legislation after the Scotland Bill was given Royal Assent.

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