Tax News
Get your self assessment return in on time and online
With the 31st January self assessment filing deadline only weeks away, HMRC is urging people to file their returns online and on time.
Thinking of filing online? See how it's done with HMRC's video podcast
People thinking of filing their Self Assessment (SA) tax returns online this year can now watch a video podcast to show them how it's done.
Make collective investments less taxing
With the recent Pre-Budget Report shifting the spotlight onto the use of appropriate tax wrappers and collectives, Fidelity FundsNetwork is highlighting a package of developments it has put together to assist advisers and their clients when making collective investments.
272,000 employee shareholders could face increased CGT bill
ifs ProShare, the not-for-profit organisation that supports employee share ownership, today met with Treasury officials to express the views of the employee share plans industry, to provide evidence of the negative impact that capital gains tax (CGT) changes may have on many hardworking employees and to discuss possible solutions.
London base for international drive against tax avoidance
The Joint International Tax Shelter Information Centre (JITSIC) is an international initiative to identify and curb tax avoidance and shelters and those who promote and invest in them.
Back to school with tax credits
With the kids back at school, and college and university courses starting soon, parents receiving tax credits are being reminded that they need to let HMRC know of any changes in their circumstances.
New HMRC Podcasts go live
An honest assessment of HMRC online services, and responses to agents' questions, can be heard in the latest HMRC podcasts, launched today.
2006-2007 tax return deadline looms
With less than a month to go before the 30th September tax return deadline, which allows you to have your tax bill calculated for you, IMA has produced a free guide:
Interest rates rise for Employee Share Schemes
ifs ProShare has welcomed the Treasury’s decision to increase the interest rates payable on Save As You Earn (SAYE) Sharesave Schemes.
AEGON: Conservatives’ proposals to abolish IHT
AEGON’S technical manager, Margaret Jago comments: “In 2002 the number of people with estates over the IHT threshold was around two million.
Many businesses still failing to make the most of troncs
"Don’t relax just yet," comes the warning to restaurants, pubs and hotels from Peter Davies of Vantis Tax as for the first time in three years, Her Majesty’s Revenue & Customs (HMRC) fails to issue a new interpretation regarding tips and troncs.
Arctic Systems - victory to the taxpayer
At last a victory for the taxpayer against Her Majesty’s Revenue and Customs (HMRC).
Tax regime confuses financially literate entrepreneurs
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.
HM Revenue & Customs interest rates
New rates of interest on direct and indirect taxes and national insurance contributions paid late and overpaid are announced today.
Tax help for those affected by foot and mouth outbreak
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: