Personal Tax

New disclosure campaign for unpaid offshore taxes

HM Revenue and Customs (HMRC) is to launch a new campaign aimed at reclaiming the tax payable on undeclared funds kept in offshore accounts.

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Tax rebates taking 'longer' to be refunded

People are experiencing increasing delays in the time it takes for refunds of overpaid taxes to be made, it has been claimed.

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Recession to cull numbers of top rate taxpayers

The economic downturn looks set to reduce dramatically the proportion of people who pay income tax at the 40 per cent rate.

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HMRC turns to agencies on late payments

HM Revenue and Customs (HMRC) is to run a six-month trial using debt collection agencies to chase late tax payments.

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IR35 comes under fire for its negligible tax take

Figures have been released showing that the IR35 tax regulations are producing an average of just £1.5 million a year in tax revenues.

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Pensions tax relief measures need to be reconsidered

Pension industry groups are warning that government plans to cut the tax relief available to higher earners on their pension contributions could have an adverse impact on the whole savings and retirement system.

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Pension rules may deter saving

Changes to pensions tax relief for higher earners could be counterproductive, it has been claimed.

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Large tax increases 'needed' to redress public finance deficit

Taxes may have to rise by significant amounts if the UK’s public finances are to return to balance in the timescale outlined by the Chancellor, a think tank has claimed.

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Taxpayers warned over refund email scams

HM Revenue and Customs (HMRC) has warned taxpayers to be on their guard against fraudulent emails promising them a tax rebate.

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Tax Charter clause 'very welcome'

An enabling clause should give taxpayers a greater stake in the planned Tax Charter.

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