Personal Tax

12,000 sent incorrect tax penalty notices from HMRC

HMRC has apologised to more than ten thousand people who were wrongly sent penalty notices after it believed they had failed to file self assessment tax returns.

Read more

HMRC apologises for slip in contact centre service

HMRC has apologised after callers were unable to get through to call centres in the days following the Easter weekend, blaming 'extremely high levels of calls' from taxpayers.

Read more

Treasury report criticises Budget reforms and quantitative easing

The Government should do more to warn savers about the effects of 'loose' monetary policies, including quantitative easing (QE) and low interest rates, which have damaged pension savings; a Treasury Committee report on the Budget has found.

Read more

Treasury figures reveal extent of tax avoidance

Six per cent of the UK's wealthiest individuals earning more than £10 million pay less than 10 per cent in tax, widely speculated figures released by the Government have revealed.

Read more

Guidance published on reduced rate of inheritance tax

HMRC has released guidance on the new reduced rate of inheritance tax available to estates which leave a ten per cent donation to a registered charity.

Read more

HMRC's Real Time Information (RTI) pilot launched

A pilot project marking a significant change in the way that PAYE payments are calculated has been launched by HMRC, with the first volunteer employers testing the new Real Time Information (RTI) system.

Read more

Charities raise concerns over tax relief cap on donations

UK charities have criticised Chancellor's George Osborne's comments regarding tax avoidance by top earners in the UK, claiming they will damage philanthropic giving.

Read more

Average weekly state pension rises

The average weekly state pension for 2012/13 has risen by £6 from £118 to £124 according to Government estimations following changes which came into effect last week.

Read more

Chancellor to 'take action' on top-level tax avoidance

Chancellor George Osborne has admitted he was 'shocked' by the level of tax avoidance taking place by some of the top earners in the country, after being shown confidential tax returns as part of a study by HMRC.

Read more

New tax year brings in tax and benefit changes

Significant tax and benefit changes, which come into force with the beginning of the 2012/13 tax year on 6 April, will affect millions of families around the UK, according to Government and opposition figures.

Read more
Syndicate content