Personal Tax

Scotland tax devolution legislation published

Draft legislation that will see the devolution of tax powers to Scotland has been published by the UK government.

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Men more likely to miss tax deadline

Men are more likely to miss the deadline for tax returns, research by HMRC has revealed.

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Boost sharing economy with tax cuts, says IoD

Individuals should be able to earn up to £10,000 a year tax-free by sharing their time or resources, the Institute of Directors has said.

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Pension lump sum tax implications not understood

Thousands of people could be pushed into the higher rate tax bracket if they take advantage of the new pension freedoms from April 2015, research by MGM Advantage has found.

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Tax on inherited pensions abolished

The 55% tax charge on inherited pensions will be abolished from April 2015, the Chancellor George Osborne has announced.

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PM hints at inheritance tax change

The inheritance tax threshold should be raised above its current £325,000 limit for individuals, Prime Minister David Cameron has said.

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Tax evasion campaign launched

HM Revenue & Customs has unveiled an advertising campaign tackling tax evaders who hold money in offshore accounts.

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Paperless self-assessment proposed

HM Revenue & Customs has announced plans to make the online self-assessment service "a more complete end-to-end digital experience".

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Lifetime gifts alter the traditional inheritance

The traditional inheritance is becoming a thing of the past as more parents choose to give away assets during their lifetime, data from the Office for National Statistics has suggested.

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