Tax

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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

Taxman criticised over complex forms

Sunday, 18 May 2008

Self-assessment tax forms should be simplified, a powerful group of MPs has said.

Protect your family from the taxman

Sunday, 4 May 2008

If you die and the value of your estate – all your possessions, including your home, its contents, your car and your savings (minus any debts) – is more than £312,000 this tax year, everything you have to leave above that limit could be liable for tax at 40 per cent. This is the grim reality of inheritance tax (IHT).

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.

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