Tax News
ISA benefit barely worth the bother for basic rate taxpayers
Andrew Hagger of Moneynet.co.uk looks at the returns that tax free savings currently offer compared with standard savings products.
Tax return deadline is looming
The 31 January Self Assessment tax return deadline isn't far away, so if you haven't yet sent your return to HM Revenue & Customs (HMRC), you need to act quickly to avoid a £100 penalty.
Tax disclosure deals for all, suggests the CIOT
The recent announcement by HM Revenue & Customs (HMRC) of a ‘disclosure opportunity' for medical professionals (the Tax Health Plan or THP) would logically lead to a similar arrangement being available to all taxpayers as a matter of fairness, says the Chartered Institute of Taxation (CIOT).
Unbiased.co.uk urges consumers to take ‘tax action’
Taxpayers are set to gift the taxman an unnecessary £503 million this year in fines generated by late returns, miscalculations and surcharges on unpaid tax, according to research by Unbiased.co.uk, the professional advice website.
Medical professionals offered Tax Health Plan
Medical professionals are being encouraged under a new Tax Health Plan to tell HM Revenue & Customs (HMRC) if they have understated income.
Higher-rate tax payers unaware of tax relief on donations
As the 31 January deadline approaches for self assessment tax returns, the Charities Aid Foundation estimates that higher-rate tax payers are missing out on over £250m of tax relief on their charitable donations.
Super tax on banker’s bonuses unjustified, says CISI survey
Sixty-one per cent of financial services practitioners believe the super tax on bankers' bonuses imposed by Chancellor Alistair Darling is unjustified, a survey by the Chartered Institute for Securities & Investment (CISI) shows.
Consumers urged to plan their finances in 2010
Unbiased.co.uk, the professional advice website, announces the launch of its new Financial Calendar tool, designed to help consumers create their own personal finance calendar and help them keep track of their key financial dates.
Tax and benefit deadlines - act now!
For some years January has been billed as the month for tax action, but there are other things to think about too, particularly if you are receiving tax credits or benefits.
Changes to personal import allowances
The value of goods that travellers can personally bring into the UK from a non-EU country, or receive through the post without needing to pay customs duty, has increased.
Timely tax return reminder
HM Revenue & Customs (HMRC) is issuing a timely reminder to anyone who hasn't yet submitted their 2008-09 Self Assessment tax return - do it online, by the end of January, or you could risk a penalty.
Over 50s are some of the UK's biggest consumers
2010 will see the over 50s contribute an extra £524 million thanks to the VAT increase imposed from 1 January 2010.
Beat VAT increase with a used car from Autoquake.com
Car buyers can beat the VAT increase with a used car from Autoquake.com, as January's new tax rate pushes up the price of new cars.
Be ready for January 1st VAT changes
The return of the VAT rate to 17.5 per cent is not the only VAT change businesses need to be ready for on New Year's Day, the Chartered Institute of Taxation (CIOT) is warning.
2010 The Year of Tax
With the New Year almost upon us and people starting to think about their New Year's resolutions, Fidelity International is urging the nation to make a pledge to get to get tax savvy.