Tax News

One third (32%) of Britain's small business owners do not know what they will be paying in corporation tax this year, according to research by Bank of Scotland Business Banking.

New rates of interest on direct and indirect taxes and national insurance contributions paid late and overpaid are announced today.

HMRC appreciates that some individuals and businesses will find it difficult to meet their tax obligations to us due to the recent foot and mouth outbreak. HMRC will:

HMRC has set up a new Helpline for anyone affected by the recent floods.

The Chancellor of the Exchequer, Alistair Darling, today announced that HM Revenue and Customs (HMRC) will introduce a series of measures for individuals and businesses affected by the recent severe flooding.

HM Revenue & Customs (HMRC) Chairman Paul Gray said today's NAO report into HMRC's accounts shows that the Department is getting it right in many ways.

Graeme Robb of James Hay’s Technical Unit comments on the proposed tax breaks announced by the Conservative Party: “The tax system in some respects already rewards marriage, and more recently civil partnerships.

Lloyds TSB has launched a new service designed to take the hassle out of completing tax returns. The comprehensive service which is available online, over the phone and by mail includes a review of a customer’s individual tax position and preparation of annual tax returns.

Income tax is processed accurately in the majority of cases by HM Revenue & Customs, but errors in processing lead to the wrong amount of tax being paid by around 1 million taxpayers, the NAO says today.

With the only two certainties in life being death and taxes, and the inevitable Tax Freedom Day looming on 1st June 2007, Bradford & Bingley reveals that a little careful financial planning can go a long way to reducing the average Briton’s tax burden.