Personal Tax

Autumn Statement 2012: personal finances

A freeze in fuel duty and a decrease in the annual pension allowance were amongst the announcements affecting personal finances made by Chancellor George Osborne in this year's Autumn Statement.

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Landlords and rag traders fall under HMRC's spotlight

Pub and property landlords are amongst the latest groups to be targeted by HMRC taskforces into tax evasion in the UK.

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Fuel duty and unfair petrol prices hitting economy, say motoring groups

'Unfair' fuel taxes and wholesale petrol prices are hitting drivers and causing lasting damage to the UK economy, business and motoring groups have warned.

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Calls for Gift Aid revamp as charitable donations fall

Charity groups are calling for a modernisation of Gift Aid and Payroll Giving schemes after a report revealed a 20 per cent drop in donations last year.

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Child Benefit changes clarified

One million households affected by new Child Benefit rules that will cut the amount they are entitled to receive are to be sent letters by HMRC next month.

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Paper tax return deadline looms

The deadline for sending 2011/12 paper tax returns is fast approaching.

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HMRC offers direct sellers an opportunity to settle tax affairs

HMRC is offering direct sellers such as door-to-door sellers and agents the chance to come forward and settle any unpaid tax they owe as part of a time-limited campaign.

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Taxman recovers extra £500 million from top earners

HM Revenue and Customs (HMRC) has recovered an extra £500 million in tax from those with assets in excess of £20 million in the last three years.

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Report warns aviation restrictions are hampering growth

A group of MPs and businesses have backed a report into the UK aviation industry which warns Heathrow restrictions are damaging the UK economy.

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Higher earners may boost pension savings to avoid losing child benefits

Higher rate tax payers may channel more money into their pension savings in a bid to avoid losing out on child benefit payments when new rules come into force next year.

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