Personal Tax

Government criticised over Finance Bill 2012

The Government has been criticised for its 686 page Finance Bill, the longest published on record, after Chancellor George Osborne pledged to create a 'fairer, more efficient and simpler tax system' in this year's Budget.

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ISAs: Have you made the most of your allowance?

With the end of the financial year approaching, investors have less than a week to make the most of their annual tax-efficient Individual Savings Account (ISA) allowance.

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Finance Bill 2012 published

The Government has published the Finance Bill 2012, in which tax measures announced in Budget 2011 and 2012 come into force.

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Concerns child benefit reforms will cause complications

Changes to the child benefit system announced in the Budget will cause a 'high degree of complexity' in take up and HMRC administration, says the Chartered Institute of Taxation (CIOT).

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Chancellor defends Budget

Chancellor George Osborne has been defending yesterday's Budget in a string of media interviews after accusations of hitting the elderly with reduced tax allowances and aiding the highest earners.

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Budget makes £3 billion cut to pensioner tax breaks

The personal tax allowance for pensioners is to be frozen, and scrapped completely for those aged 65 years and over on or after 6 April 2013, in a Budget where the 50p tax rate and increase in personal tax threshold took centre stage.

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Budget 2012: 50p tax rate cut while income tax threshold is raised

Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.

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Budget 2012: Chancellor begins against record borrowing figures

Chancellor George Osborne stands to deliver today's Budget after a blow this morning from official figures indicating that public sector borrowing hit a record £15.183 billion pounds last month - close to double of the £8.875 billion in February and what economists had forecast.

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Osborne: Budget to tackle stamp duty avoidance

New 'aggressive' measures to deal with stamp duty tax avoidance will form part of Wednesday's Budget, Chancellor George Osborne has confirmed.

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Report advises fairer treatment of tax disputes

Tax compliance and disputes handled by HMRC should be handled with complete impartiality regardless of company size, a Treasury sub-committee report has found.

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