Tax
Inside Tax
UK families 'have worst tax burdens'
Monday, 7 March 2011
Middle-class families in Britain where one parent stays home to look after the children pay more than a third extra in tax than those in other Western countries, new research claims.
Taxman challenges Premier League over creditor rules
Sunday, 13 February 2011
David Connett: Revenue says the taxpayer is being short-changed.
Record numbers file online tax returns
Wednesday, 2 February 2011
A record 6.9 million people filed their tax returns online by the January deadline, HM Revenue & Customs said yesterday.
Record 6.9 million file online tax returns
Tuesday, 1 February 2011
A record 6.9 million people filed their tax return online by the January deadline, HM Revenue & Customs said today.
Three-quarters of a million 'to pay higher rate of tax'
Monday, 31 January 2011
Decision to reduce the threshold at which the higher rate kicks in to £35,001, from £37,400 this year.
Teachers and nurses dragged into top-rate tax bracket
Monday, 31 January 2011
Three quarters of a million people, among them nurses and teachers, will be dragged into the higher 40 per cent tax rate from April, according to the Institute for Fiscal Studies (IFS).
£100 penalty for late self-assessment tax returns
Sunday, 23 January 2011
Self-assessment taxpayers have a week to send in their electronic tax returns for the 2009-10 tax year.
'Lenient' tax deals to be probed by Audit Office
Thursday, 20 January 2011
Controversial deals struck by the taxman with multinational companies that owe enormous amounts in tax are to be investigated by the National Audit Office.
Nine million people face tougher tax penalties
Saturday, 8 January 2011
HMRC investigators have sharpened up their act when checking the UK's self-assessment forms – so double-check yours, says Neasa MacErlean
Why George's ski trip was just start of slippery slope
Wednesday, 5 January 2011
Sean O'Grady: 2011 has been tough so far for the Chancellor – and worse is to come.
Late tax forms could mean £440m fines
Tuesday, 4 January 2011
Consumers could be fined more than £440 million this year for handing in their self-assessment tax forms late or miscalculating how much they owe, it was estimated today.
City says it pays 11.2 per cent of Britain's taxes
Thursday, 16 December 2010
The City of London yesterday sought to put a more positive sheen on its somewhat tarnished reputation, arguing that Britain's financial services industry last year accounted for more than £1 of every £10 raised by the Treasury in tax.
VAT increase shouldn't be a reason to buy, buy, buy
Saturday, 11 December 2010
Spending now to beat January's tax rise is foolish
HMRC unveils PAYE tax-collection reforms
Sunday, 5 December 2010
"Ambitious" plans to reform the pay-as-you-earn (PAYE) system have been unveiled by HM Revenue & Customs. It says it wants to modernise collection of income tax and National Insurance from millions of workers' pay packets via "real-time" information.
Tax loophole to close and deny players millions
Friday, 29 October 2010
The Inland Revenue has confirmed that it will move to close the tax loophole used by Premier League footballers to protect their multimillion pound salaries, as revealed in The Independent yesterday.
Premier League stars using loophole to save millions in tax
Thursday, 28 October 2010
Sam Wallace: Clubs employ pension scheme first used by bankers to make contracts even more attractive to leading players.
Tax can be taxing: what to do if you receive a repayment letter
Saturday, 2 October 2010
If you are one of more than a million people in line for a bill from HMRC this weekend, it pays to check the calculations, says Neasa MacErlean
Government rules out Council Tax revaluation
Friday, 24 September 2010
Labour deny Coalition claims they were planning to revalue tax bands, unchanged in England since 1991.
Black economy leaves £42bn hole in Britain's tax accounts
Friday, 17 September 2010
The Treasury missed out on £42bn last year because of tax fraud, avoidance and underpayment – money that would have prevented many public services being slashed in next month's spending squeeze.
Hope for 900,000 as ministers opt not to chase £160m in lost taxes
Thursday, 16 September 2010
Almost one million people have been granted a tax break of up to £300 as a result of the PAYE debacle, tax officials disclosed yesterday.
Tax breaks could be hiding in your spare room
Sunday, 12 September 2010
Chiara Cavaglieri: You don't need a full-time lodger to take advantage of tax-efficient schemes
900,000 have tax demands written off
Thursday, 9 September 2010
It is thought that 2.3 million people have underpaid income tax during the past two tax years due to errors in their PAYE codes.
Is our tax system fit for purpose?
Wednesday, 8 September 2010
Martin Hickman: Tax officials last night admitted mistakes could be found in the returns of millions more people on top of the 5.5 million they have already identified as having paid the wrong amount of tax
Taxpayers await letters after PAYE blunder
Tuesday, 7 September 2010
A small proportion of the nearly six million people who paid too much or too little income tax will find out today whether they are due a rebate or have to make more payments.
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