Income Tax

taxes-cut

How to celebrate no longer working for the taxman...

To celebrate Tax Freedom Day, follow these essential steps and make sure your tax arrangements are in the best possible shape.

Tax | 30 May 2013
tax-burden

Brits work 150 days a year just to pay off the taxman

Workers become officially ‘tax free' on the 30 May this year, as the average taxpayer will spend 150 days of their salary working for the taxman.

Tax | 28 May 2013
Football penalty

Taxman targets football coaches

HM Revenue and Customs (HMRC) has turned its attention to football coaches in its latest bid to collect unpaid taxes.

Tax | 17 May 2013
paye-hmrc

File tax returns by 1 May or face tougher fines, says HMRC

HM Revenue and Customs will charge a £10 daily penalty for each day an online return is late from 1 May, up to a maximum of 90 days.

Tax | 18 Apr 2013
Tax avoidance

High earners 'dodge top-rate tax' with £5bn income shift

High earning workers will shift about £5bn into the new tax year to take advantage of the cut in top rate tax, the Sunday Times reports.

Income Tax | 08 Apr 2013
A commuter at a train station

Brits feeling more optimistic about jobs and the economy

Brits are feeling more optimistic about jobs and the state of the economy despite recent talk of an impending triple-dip recession, says a new report.

Income Protection | 04 Apr 2013
Complex or simple taxes

Workers could lose out by not knowing tax thresholds

The majority of UK full-time workers do not know what the higher rate tax threshold is, with 56% getting it flat out wrong.

Tax | 26 Mar 2013
Tax burden

Taxpayers to part with £4.6bn in 'unnecessary' tax in 2013

UK taxpayers will pay HM Revenue and Customs (HMRC) £4.6bn more than they need to this year, according to a report.

Tax | 12 Mar 2013
Tax

Act now or miss out: seven top year-end tax tips

Follow these essential steps and make sure your tax arrangements are in the best possible shape before the end of the tax year.

Tax | 11 Mar 2013
isle-of-white

Expats warned to watch out for new HMRC tax regime

Brits who live and mainly work abroad are being warned that changes to UK tax regulation may see them being hit with whopping fines from the new tax year.

Tax | 06 Mar 2013
Tax havens

Isle of Man no longer a tax haven under Treasury deal

Britons concealing money in the Isle of Man have three years to own up and get their financial house in order, HM Revenue & Customs (HMRC) has announced.

Tax | 20 Feb 2013
Warning sign

Warning: if the taxman gets your bill wrong it's your fault

Workers and pensioners are being warned to double-check their tax codes or face being landed with shock bills that they cannot appeal.

Tax | 20 Feb 2013
hmrc-closing-in-advert

HMRC hires 100 more inspectors to monitor wealthy

HM Revenue & Customs (HMRC) is to hire an additional 100 inspectors dedicated to making sure wealthy people pay enough tax.

Income Tax | 17 Jan 2013
pa-tax

Taxman clamps down on self-employed

Up to two million people, mostly the self-employed, are to have their credit files secretly checked.

Tax | 03 Dec 2012
taxes

Call to scrap higher rate tax relief

Higher rate tax relief on pensions is “costly and ineffective” and should be scrapped, a think thank has warned.

Tax | 26 Nov 2012

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