Tax

High-earners: The wealthy are made to pay for the gains of others

Thursday, 25 March 2010

More pain for the wealthy was the order of Budget day. A two-year stamp duty holiday for first-time buyers on property under £250,000 will be funded by a rise in duty on sales above £1m from 4 to 5 per cent from 2011 in a tax move that the Conservatives have pledged not to oppose if they win the next election.

Low-earners: Tax credits for poor to rise by £4

Thursday, 25 March 2010

Those on low incomes will be thinking they got a little more carrot than stick in the Budget. Low-paid parents with young children under two will have their tax credit entitlement rise by £4 from 2012.

Inheritance tax would be 'all but abolished'

Monday, 1 March 2010

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.

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.