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Tax News

Employers turn to their iPods as tax deadline looms

The time's fast approaching for employers to file their end-of-year returns with HM Revenue & Customs (HMRC), and the UK's more than 1.7 million employers can now turn to their iPods to cope.

Have your say on Tax Credits

Hundreds of thousands of people continue to suffer hardship because overpayments of tax credits are clawed back.

Royal Bank of Canada Budget update

Gordon Brown’s Budget - almost certain to be his last - was widely trailed as likely to include sweeping changes to many areas of UK taxation.

Taxes we hate the most

Chancellor Gordon Brown will need to conjure up something very special on Budget Day if he wants to impress the British electorate. In an online survey of 1,851 Fool.co.uk readers, a staggering 92% of respondents felt they were not getting value for money for their taxes.

New measure to tackle international VAT fraud

New rules making it harder for organised criminals to steal VAT from the UK taxpayer will be introduced on 1 June 2007.

Tax-talking UK

The hot topic of rising house prices is subsiding as Council Tax takes its place as the most talked about financial topic, with almost two thirds of people (65%) saying this is the most talked about issue with family and friends, according to the latest findings from Unbiased.co.uk.

Taxes we hate the most

Chancellor Gordon Brown will need to conjure up something very special on Budget Day if he wants to impress the British electorate. In an online survey of 1,851 Fool.co.uk readers, a staggering 92% of respondents felt they were not getting value for money for their taxes.

Charles Stanley reveals mathematics of end-of-year tax planning

A mathematical analysis of end-of-year investment options by Charles Stanley shows how a combination of ISAs and pensions plans can provide investors with the most tax-efficient investment portfolios, with pensions offering the greater benefit for higher rate taxpayers.

UK’s tax waste mountain grows to £7.9 billion

More than eight in ten (82%) UK adults will waste £7.9 billion in unnecessary tax in 2007, according to Unbiased.co.uk’s fifteenth annual TaxAction report. This is a massive £300 million increase on last year and the highest ever since Unbiased.co.uk’s campaign began.

Put your bonus in your SIPP now or lose the tax advantage

Recipients of end-of-year bonuses who do not put the cash into their pension pots before the end of the tax year risk losing the opportunity to make the most of their windfalls, according to EBS Management, the pensions arm of Charles Stanley.

Are you sure your boss is paying the right tax for you?

A new radio campaign is urging workers who suspect their employer isn't paying tax and National Insurance for them to ring the Tax Evasion Hotline and report them to HM Revenue & Customs (HMRC).

Improving competition in trading services

Today, the Economic Secretary to the Treasury, Ed Balls MP, brought representatives from the European Commission together with leading representatives of London's financial sector, while also announcing the implementation of tax measures to boost the competitiveness of the City of London.

To tax or not to tax - a guide to trading online

A new internet-based guide, accessible via the HM Revenue & Customs (HMRC) website for people who trade online is being launched this week (5 February 2007).

Online certificate takes the hassle out of Stamp Duty Land Tax

Practitioners who submit stamp duty land tax (SDLT) returns electronically are benefiting from an enhancement to HM Revenue & Customs' (HMRC) online service.

Online self assessment filing hits new record

A hundred and fifty thousand self assessment returns were received in the 24 hours running up to Wednesday's midnight deadline.