Personal Tax

A quarter of higher rate taxpayers fail to use pension tax relief

One in four higher rate tax payers say they do not contribute to a pension scheme, despite the tax reliefs available, research from Prudential has found.

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Half a million late self-assessment returns in line for penalties

Half a million people who have yet to file their 2010/11 tax returns will begin to receive additional penalty letters from next week, HMRC has announced.

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HMRC speeds up its call helpline target

HMRC is to spend £34 million over the next two years to hire more staff and reach call centre targets two years earlier than planned.

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HMRC electrician's campaign nearing end

Electricians who have failed to pay the correct amount of tax have just one week to pay any tax owed and take advantage of more lenient payment terms from HMRC.

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SMEs warned about contractor tax obligations

Small and medium sized businesses (SMEs) hiring self-employed contractors are being warned about the risk of avoiding their tax obligations.

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New Universal Credit regulations could hamper self-employed

The self-employed could face difficulties accessing state benefits from next year if draft regulations regarding the new Universal Credit system go ahead, tax advisers have warned.

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£200 million worth of free shares given to workers last year

UK firms gave more than £200 million worth of free shares to employees last year, according to an annual survey by IFS.

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Higher rate taxpayers urged to settle tax returns

Higher rate taxpayers are being given the opportunity to come forward and submit any outstanding tax returns with HMRC as it launches a new time-limited campaign.

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New tax guidance for employers on company paid healthcare

New guidance on the tax implications for companies offering paid healthcare for their employees has been published.

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Tax avoidance: Consultation on general anti-abuse rule launched

The Government has launched a consultation on a new general anti-abuse rule (GAAR) designed to tackle what it terms 'artificial and abusive tax avoidance schemes'.

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