Personal Tax

What the political parties are promising

With the election looming, the main political parties have outlined what they intend to do on business support and tax.

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Employers reminded of possible tax errors in April payslips

Employers and employees are being reminded that there could be some errors with the new PAYE tax codes that have been issued by HM Revenue and Customs (HMRC).

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Pension contributions declined during recession

The arrival of the recession in 2008 resulted in a drop in overall pension contributions, the first since records began in 1995.

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Call to drop fuel duty increases

Planned rises in fuel duty should be scrapped, a business group has urged.

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Time pressures see three new taxes dropped

Three taxes introduced in the Budget last month have been dropped from the Finance Bill because of time constraints.

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Tax changes mark start of new financial year

A series of tax changes have signalled the beginning of a new financial year.

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Pension tax relief measures will add to employer costs

The government’s decision to go ahead with plans to impose restrictions on pensions tax relief for higher earners will create administrative burdens for employers, it has been argued.

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Reform the tax system to 'rebalance' the economy

The UK’s tax regime requires a major overhaul if the economy is to be balanced and competitive.

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ISA changes receive muted welcome

The announcement in the Budget that the limits on ISA accounts are to rise in line with inflation has been met with a mixed reception.

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Budget 2010: an overview

“This will be a Budget to secure the recovery, tackle borrowing and invest in our industrial future” was how the Chancellor, Alistair Darling summed up the last Budget before the next general election.

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