Tax
The Big Question: Who wins – and who loses – with the abolition of the 10p rate of income tax?
The Treasury Select Committee has criticised the Government for abolishing the 10p tax rate, a move pre-announced in Gordon Brown's Budget last year.
Inside Tax
Ask Annie: So who owes the cash here? A run-in with the Revenue
Sunday, 27 April 2008
Q. In January I received a letter from HM Revenue & Customs (HMRC) telling me my tax code had changed, and notifying me that I owed unpaid tax from 2004-05 of £1,237.62.
Tax plans 'will push 300,000 into poverty'
Wednesday, 23 April 2008
Gordon Brown's decision to abolish the 10p rate of income tax will push more than 300,000 people below the poverty line, according to the Conservatives.
Labour MPs' rebellion against abolition of 10p tax rate grows
Thursday, 17 April 2008
Gordon Brown faces a "mutiny" by more than 70 Labour MPs unless he backs down over his decision to abolish the 10p lower rate of income tax.
Where’s the deterrent?’ HMRC urged to get tougher with evaders
Sunday, 6 April 2008
Her Majesty's Revenue and Customs (HMRC) is getting better at tracking down unpaid taxes but could still be more effective, a report from the National Audit Office (NAO) has concluded.
We're frittering away £300m by not giving ourselves an even break
Sunday, 23 March 2008
Britons are routinely forgetting to take simple tax-cutting steps or to reclaim tax that has been wrongly deducted from their savings, according to Independent Financial Advice Promotion (Ifap). In total, we could be paying £300m more in tax than we should.
Non-Doms: Darling refuses to back down on £30,000 levy but agrees to simplify rules
Thursday, 13 March 2008
Alistair Darling backtracked on the controversial "non-dom" Bill after pressure from the financial services industry, amending the most pernicious effects of his proposals and reducing the tax take from the measures by £100m next year.
Child poverty: Extra payments to families 'fail to go far enough'
Thursday, 13 March 2008
Budget measures costing about £1bn will lift 250,000 more children out of poverty, said the Chancellor, Alistair Darling, but some Labour MPs warned that the package will mean the Government misses its target of halving child poverty by 2010.
Capital Gains Tax: Buy-to-let property owners win as tax rate falls to 18 per cent
Thursday, 13 March 2008
The Government is pushing ahead with controversial plans to shake up taxation on capital gains, despite complaints from the small business community that the measures will hold back entrepreneurs.
Charities: Reprieve for tax status of Gift Aid scheme
Thursday, 13 March 2008
Charities were celebrating after the Chancellor moved to stop them losing more than £90m a year when the basic rate of income tax is reduced next month. They were alarmed by the impact of the reduction on the Gift Aid scheme, which allows them to claim back tax on donations. The effect is that every pound given to them is worth £1.28.
Families: No change for more households but poorest will benefit
Thursday, 13 March 2008
The vast majority of British families will not notice any tangible difference to their bank balances after the Budget, although pre-announced tinkerings with income tax rates and a handful of new measures designed to tackle child poverty will help put a few extra pounds a year into the pockets of the least well off.
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