Tax
Inheritance tax would be 'all but abolished'
Conservative plans to slash inheritance tax would effectively abolish the tax "for practical purposes", shows research by the leading accountants, Grant Thornton, for The Independent. In the proposals by the shadow chancellor George Osborne, unveiled in 2007, the threshold would be raised from the present £325,000 to £1m.
Inside Tax
Savers paying wasted tax
Saturday, 20 February 2010
Savers have handed the taxman an estimated £13bn by not making the most of their tax-free savings allowance, according to Clydesdale and Yorkshire Banks. Since the launch of Individual Savings Accounts (ISAs) in 1999, savers have invested only one-sixth of what they could have, meaning millions have been paying unneccessary tax.
Five questions to ask about: Tax codes
Saturday, 13 February 2010
Record 6.4m taxpayers submit returns online
Monday, 1 February 2010
Number filing online was 12 per cent higher than in 2009, which was itself around 50 per cent up on 2008
The tax deadline is almost upon us, but don't panic if you have yet to file your return online
Sunday, 17 January 2010
Just over a fortnight is left before the self-assessment deadline when all online tax returns must be filed along with any money owed. Taxpayers must return their forms by 31 January to avoid contributing to the estimated £503m in fines for late returns and errors set to be handed to the taxman this year, according to professional advice website Unbiased.co.uk.
Tax evaders face investigation after offshore amnesty
Tuesday, 5 January 2010
HM Revenue & Customs was last night expecting a late flurry of submissions from Britons keen to register their offshore bank accounts ahead of a midnight deadline.
Are you just dying to pay the taxman?
Sunday, 13 December 2009
As the Chancellor tightens his grip on inheritance tax, simple steps can slash your liability. By Chiara Cavaglieri and Julian Knight
Beginner's Guide To: Inheritance tax
Saturday, 12 December 2009
This week's pre-Budget report won't go down as one of the most enthralling, but one point worth picking up on is the freeze on Inheritance tax (IHT). This tax may hit some of us in the future, but there is some confusion as to what it is and how it may affect us. We take a look.
Don't get left out in the tax cold
Saturday, 12 December 2009
Britain's workers are facing a new big freeze, which will hit them where it hurts – in their pay packet. Simon Read explains why you should act on tax now
Tax and NI: Middle classes must stump up to cut the deficit
Thursday, 10 December 2009
Triple whammy targets families earning above the national average
In The Red: I've got an excuse to binge before VAT goes up again
Thursday, 10 December 2009
Those two words – "credit crunch" – have become the bywords for our times. They come up in conversation more frequently than the weather, and are held up as justification for a million different things. In reality, though, this peculiar phenomenon's effect on me – and on many my age and in similar circumstances to me – has been limited.
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