Tax News
Child Poverty can be eradicated if we stop the poor paying more
Commenting on the new Joseph Rowntree Foundation report, 'The impact of benefit and tax uprating on incomes and poverty', Child Poverty Action Group's Head of Policy, Paul Dornan, said:
Calls on Government to address the needs of the working poor
In response to today’s report from the Treasury Select Committee, the National Consumer Council calls on the Government to address the needs of the UK’s five million working poor who will be penalised by the abolition of the 10p tax rate.
UK’s tax waste mountain grows to £9.3 billion
UK adults will waste almost £9.3 billion in unnecessary tax in 2008, according to the latest TaxAction report from Unbiased.co.uk.
Charities set to lose over £90m a year when Income Tax drops
Charities are bracing themselves for a major drop in funding when income tax is lowered to twenty pence in the pound next month (6th April 2008).
HMRC launches campaign to help students learn about tax
Helping students manage tax better and develop good financial habits is the focus of a new Student Tax Advice campaign launched today by HM Revenue & Customs (HMRC).
Tax Commissioners battle against tax evasion
Tax administrations in Australia, Canada, France, Italy, New Zealand, Sweden, United Kingdom, the United States of America, and others - all member countries of the OECD's Forum on Tax Administration (FTA) - are working together following revelations that Liechtenstein bank accounts are being used for tax avoidance and evasion.
Beware the consequences of tax changes, says BBA
The announcement by HM Revenue and Customs amending plans to tax so-called “non-domiciled” workers living in the UK shows the Treasury is listening to business, says the British Bankers’ Association.
TISA launches enhanced website with greater focus on consumers
Extending its web presence into the consumer space, today TISA launches its new website tisa.uk.com.
How do the 2008 tax changes affect you?
As announced in the Budget 2007, the Government is introducing a number of tax changes that will come into effect from 6th April. This could have an effect on people’s take home pay and pension payments.
New tax relief for entrepreneurs
A new capital gains tax relief for entrepreneurs, reflecting the Government's continued commitment to supporting small business and enterprise was announced by the Chancellor of the Exchequer today.
Council tax leaves Brits most bitter
As the deadline for self-assessment tax returns looms large, council tax has been declared the most hated tax of all by users of MSN Money.
Taxpayers hit by huge fines for late self-assessment forms
Taxpayers are set to gift the taxman an unnecessary £463 million this year in fines generated by late returns, miscalculations and surcharges on unpaid tax, according to research by Unbiased.co.uk.
NFU Mutual offers end of tax year reminder
With the end of the tax year fast approaching, insurer NFU Mutual is reminding customers about a number of important changes that will be made before or on 6th April 2008.
SDLT Online filing doubles in a year
One in two legal practitioners are now submitting Stamp Duty Land Tax (SDLT) forms online, HM Revenue & Customs (HMRC) has revealed.
File your Tax Return by 31 January or Pay the Penalty
If you still haven’t filed your Self Assessment tax return, you’ve only got until 31 January to do so, or you could face a £100 penalty for missing the deadline.