Personal Tax

1 in 8 SMEs use personal loans for funding

1 in 8 SMEs has used credit cards and personal loans to fund their businesses over the last 12 months, according to new research by Santander Corporate & Commercial.

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Inheritance tax bill exceeds £3 billion

The inheritance tax paid on 17,900 estates exceeded £3 billion in 2012/13, according to Prudential.

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Pensioners pay a tenth of income tax

Over-65s pay 11% of the UK’s income tax bill according to figures released by Prudential.

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Avoidance crackdown nets record collection for HMRC

The government has now collected a record £1 billion in tax payments from individuals using tax avoidance schemes as a result of new collection rules, according to HMRC.

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Two fifths of students not insured

With a record number of students due to start university in the coming months, there are concerns that many students do not have contents insurance.

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Ex-partners run up shared credit card debts

Ex-partners rack up an average of £457 in debt on shared credit cards, according to figures released by uSwitch.

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Average lifetime tax bill increases

The average UK household pays almost three quarters of a million pounds in taxes over the course of a lifetime, according to research by The Taxpayers' Alliance.

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New tax evasion plans revealed

HMRC has released further details about how it plans to crack down on offshore tax evasion.

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Dividend tax credits replaced by new allowance

Dividend tax credits will be replaced with a new £5,000 tax-free allowance from April 2016, the Chancellor George Osborne announced during his summer Budget statement.

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Tax-free childcare declared lawful

Government proposals to introduce tax-free childcare for working families have been declared lawful by the Supreme Court.

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