Following the introduction of the flexible pension rules, those who dipped into their pension funds were filling out a P55 form to reclaim any extra tax they paid. But this form was chiefly designed for savers who only want to take one lump sum a year from their nest egg. Under the new rules, many intend to make several withdrawals a year....read
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Chancellor appeals to squeezed middle as he raises 40p tax threshold by more than inflation for the next two years
A million savers urged to register now to pay no tax on savings interest under new rules
If your income, including that from savings, is less than £15,600 a year, you are eligible to register as a non-taxpayer.
Married couples and civil partners can now register for a tax break worth up to £212 a year
In a bid to reward commitment and stay-at-home spouses, the Government is letting eligible couples switch a slice of their tax-free personal allowance between one another.
Not so simple: 86 new tax reliefs complicate the system and offer more opportunities for tax avoidance' MPs warn
The Commons Public Accounts Committee, chaired by Margaret Hodge, said each new tax relief was complicating the tax system, instead of simplifying it, creating opportunities for avoidance as there was no ‘adequate system of control’. But the Treasury said the accusations were ‘extraordinary’, claiming the majority of the tax reliefs were used by ordinary families and pensioners....read
Taxman shuts down last of 281 walk-in help centres and replaces offices with telephone service
For the hard of hearing unable to use the phone and those with complex problems, HMRC will arrange for advisers to visit your home.
Two million Britons set to be hit by shock £350 tax demand - but 3.5m are due a payout
Pensioners with more than one source of income, or who are entitled to benefits, are found to have paid too much or too little tax.
'I don't even notice the money is gone': Pay 'sacrifice' could save you hundreds of pounds a year
Millions of workers are missing out on the chance to save tax while spending money, using the little known scheme. Martin Long (pictured) is benefiting.
Tax breaks for computer game creators could be introduced this week
The industry has been lobbying for tax reliefs enjoyed by the film and TV industries and which were extended to theatre by the Chancellor.
'The taxman sent a £655 bill to my mother who died 12 years ago': How can we trust the HMRC to raid our bank accounts?
Money Mail highlights fresh concerns over the sweeping powers being handed to tax collectors. We reveal how the taxman sent a £655 demand to a woman who died 12 years ago.
Sorry Kate, no tax break for hiring a nanny: Thousands of families ruled ineligible for allowance that could slash NI bill by £2,000
The Government claims 450,000 small businesses will pay no NI because of the perk. But many employers will not be covered - including families who hire a nanny.
Amazon, Apple and Google face clampdown over shielding profits made in Britain as Treasury targets global giants on tax avoidance
Britain is working with nine other countries to draw up shared dossiers on the tax affairs of such groups, it was revealed in documents released with last week’s Budget.
JAMES CONEY: Help the Cinderella taxpayers and stop more middle earners being dragged into the 40p tax band
A household where one earner makes £45,000 is only £1 a week better off than one where two earners make £20,000. This penalises aspiration.
Guests at private golf clubs could be in line for a tax rebate after victory over VAT on club fees
Since the early Nineties, playing a round of golf at not-for-profit clubs has been exempt from VAT. But this was limited only to members by HM Revenue & Customs.
Half of people planning on leaving large sums for their children don't know inheritance tax threshold
More than half of those who responded to a survey by Close Brothers did not know that the current level at which inheritance tax starts being paid is £325,000.
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