Personal Tax

HMRC reveals next stage of modernisation programme

HMRC has announced further plans in its modernisation programme to improve service quality and creation of 13 new regional centres over the next 5 years.

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Paper tax return deadline on 31 October

The deadline to submit your paper tax return is fast approaching.

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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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