Tax News

A comprehensive report by the Low Incomes Tax Reform Group (LITRG) is calling for HM Revenue & Customs (HMRC) to review the VAT reliefs given to disabled people.

There are just two weeks left for those people who haven't filed their self assessment tax return to do so, and avoid a £100 penalty for missing the 31 January deadline.

Around a million pensioners who receive retirement annuities will be contacted over the next two months to remind them of changes to the way HM Revenue & Customs (HMRC) will tax their annuity income.

With only a month until the self assessment filing deadline, HM Revenue & Customs (HMRC) is reminding taxpayers to get their returns in by 31 January, to avoid a £100 penalty for missing the deadline.

PAYE (Pay As You Earn) taxpayers anticipating additional tax demands from Her Majesty’s Revenue and Customs (HMRC) should file their returns online using the self-assessment system by 30th December to avoid using capital for lump sum payments.

While many of us spent last Christmas Day relaxing in front of the TV, with a box of chocolates and a new pair of socks, 270 people were using the time to file their self assessment returns online.

The Income Tax Bill, introduced into Parliament by the Financial Secretary to the Treasury, John Healey MP, is published today.

UK charities lost out on more than £808 million last year - £117 million more than the previous year by those giving to good causes not doing so tax efficiently. These numbers are revealed in research from Unbiased.co.uk, the website promoting the benefits of independent financial advice.

The UK's web users are utilising the internet to make their lives easier, according to results from a recent HM Revenue & Customs (HMRC) survey.

The Government today announced the introduction of restrictions on the amount of tax and duty paid on cigarettes purchased for own use that travellers from Bulgaria and Romania can bring back into the UK without paying UK duty.