Income Tax


BLOG: Cuts are not the way to reduce welfare spending

Realistic reductions in the cost of welfare will not come from further cuts but from lessening the reliance on the state, argues Helen White of the Association of British Insurers (ABI).

Insurance | 10 Nov 2014

What you need to know about your personal tax summary

People across the UK will start to receive their personal tax summaries this week. HMRC has issued a 7-point guide to the new statements.

Tax | 03 Nov 2014

HMRC crackdown pushes tax evasion prosecutions up by a third

The number of people being pursued through the courts for tax evasion has risen by almost a third in the last year, as HM Revenue & Customs (HMRC) steps up its efforts to close the UK's £35bn tax gap.

Tax | 13 Oct 2014

Clegg warns Cameron: No new coalition without tax hikes for middle classes

The Liberal Democrats have told David Cameron they will refuse to form a coalition with the Conservatives unless he commits to tax hikes for the middle classes, Nick Clegg has said.

Tax | 06 Oct 2014
David Cameron

Time to get excited over Tory tax cuts?

David Cameron used his Tory party conference speech to promise £7bn in tax cuts, aimed squarely at the middle-classes.

Tax | 02 Oct 2014
David Cameron

Cameron pledges to raise higher rate threshold to £50k

Prime Minister David Cameron has said the Conservatives will raise the 40 per cent tax threshold from £41,900 to £50,000 if they win the 2015 General Election.

Savings | 01 Oct 2014

Expat tax threat could net govt £400m

Hundreds of thousands of expats who raise an income in the UK could lose their right to use the personal allowance.

Tax | 12 Aug 2014

One in ten thinks government will pay for funeral

One in ten Brits wrongly believes that the government will pick up the tab for their funeral, a survey has found.

Income Tax | 17 Jul 2014
HM Revenue and Customs

'Plebgate' MP invested in scheme HMRC says avoided tax

Former government chief whip Andrew Mitchell has invested in a high-profile film financing company considered to be a tax avoidance scheme by HMRC.

Income Tax | 17 Jul 2014

One in four employees fears an imminent job loss

More than one in four UK employees fear they will lose their job within the next six months, according Glassdoor’s UK Employment Confidence Survey.

Savings | 16 Jul 2014

Beckham among stars facing £520m bill over Ingenious tax schemes

Business executives and sport stars - among them David Beckham - have been warned they must pay HM Revenue and Customs more than £520m after a government crackdown on tax avoidance schemes.

Income Tax | 09 Jul 2014
HM Revenue and Customs

HMRC property raids jump 12% in bid to expose tax dodgers

Property searches by HM Revenue & Customs (HMRC) to target tax evasion jumped by 12% to 500 in the last year, according to official data obtained by law firm Pinsent Masons.

Income Tax | 07 Jul 2014
George Osborne delivers budget in 2014

Tories plan to merge national insurance and income tax

The Conservatives are said to be planning to merge national insurance into income tax in a major shake-up of the current tax system.

Income Tax | 30 Jun 2014

Pensioners lose third of income to taxman

The average retired household pays out 30 per cent of its annual income in taxes, according to research.

Tax | 30 May 2014
Liberal Democrat leader Nick Clegg

Clegg to push for £12.5k income tax threshold at Budget

A higher threshold for income tax will be the Liberal Democrats' top priority at next month's Budget, deputy Prime Minster Nick Clegg will say today.

Tax | 10 Feb 2014

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