Tax News
NICs holiday scheme for new businesses launched
A new National Insurance contributions (NICs) holiday scheme to encourage new business start-ups in key UK regions was launched today.
ISA savers urged to use tax free allowance
Over 2.6 million UK savers who have previously taken advantage of the tax free status on cash ISAs could be missing out on £362 million pounds this year alone by not taking advantage of the new £5,100 cash ISA allowance available.
HMRC issues phone call scam warning
HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following reports that thieves are making phone calls pretending to be the taxman.
New people power to end the era of soaring council tax
The public will be given the power to veto excessive council tax rises, Local Government Secretary, Eric Pickles, announced today.
Taxpayers urged to claim all available tax credits ahead of 31 July
Failure to claim all available tax credits will cost UK taxpayers over £3.9 billion in 2010/2011, according to research by unbiased.co.uk, the professional advice website.
Urgent reminder tax credit claimants
HM Revenue & Customs (HMRC) is sending an urgent reminder to tax credit claimants - renew your claim by the 31 July deadline, or your payments will stop.
July tax credit deadline looms
With the 31 July deadline for renewing tax credits claims fast approaching, HM Revenue & Customs (HMRC) is urging families and individuals who haven't yet done so to renew their claims now.
New online help for tax credit claimants
HM Revenue & Customs (HMRC) has launched a series of new online videos to help tax credit claimants through the annual renewal process.Every year, claimants must renew their tax credit awards by 31 July, or their payments stop.
CGT changes could affect millions of long-term savers
Millions of average long-term savers could be dragged into the CGT net if the government's tax changes include significantly reducing the tax-free allowance, analysis from Fidelity International shows.
Tax rises cause more worry than health issues for over 55s
Aviva's quarterly Real Retirement Report reveals that as the dust from the election settles, the UK's over 55s are anxious about changes to the tax regime and the rising cost of living. This is because their spending, income and assets leave them particularly vulnerable to any change.
May 30th Tax Freedom Day
Britain may now have a hung parliament, but on May 30th taxpayers can raise a toast to Tax Freedom Day, the notional point in the calendar year when we stop working for the taxman and start working for ourselves.
Kick off summer staff parties’ tax free!
With the World Cup fast approaching and football fever well and truly rising, many work places will be in the mood for a football-themed office party this summer.
Landlords urged to make the most of buy-to-let tax breaks
Buy-to-let landlords need to ensure they are making the most of their allowable tax breaks, buy-to-let mortgage specialist Paragon Mortgages has warned.
Fuel duty voted ‘most unfair tax’
As we begin a new tax year, fuel duty has been voted the most unfair tax in Britain by MSN Money users.
AEGON points to bonds for high earners
AEGON is highlighting two major income tax changes that take effect on 6 April 2010 and affect high earners; especially those who receive an additional income from investment returns.