Tax News
Tax credits claimants reminded to report changes in childcare
Tax credits claimants are being reminded that they must let HM Revenue & Customs (HMRC) know within one month of their childcare costs falling or ending. Deliberately failing to let HMRC know when renewing a claim could constitute criminal fraud and result in prosecution.
Self-employed reminded to report income
Self-employed tax credit claimants are being reminded that they should let HM Revenue and Customs (HMRC) know their total profits for 2009/10 as soon as possible.
Are 'fat taxes' the solution?
Findings from Friends Provident's Visions of Britain 2020 report into Health & Wellbeing in the UK show that 44% of people support the introduction of a "fat tax" with over a third (38%) agreeing that the NHS should not prioritise people who fail to look after their health.
Warning on paper tax returns
HM Revenue & Customs (HMRC) has issued a warning to anyone who hasn't yet sent in their 2009/10 Self Assessment tax return - file online, or you could face a £100 penalty.
Two out of five charity donors 'forget Gift Aid'
Around two out of five people who give to charity forget to claim Gift Aid on their donations potentially depriving good causes of a 28% boost on money raised, new research from Virgin Money Giving shows.
October tax deadline just days away
Anyone sending in their 2009/10 Self Assessment return on paper has just a few days left to file their return by the 31 October paper-filing deadline.
Tax experts issue updated guide to underpaid tax letters
The Low Incomes Tax Reform Group (LITRG) have updated and reissued their guide on what people should do if they receive a tax calculation letter (form P800) from HM Revenue and Customs.
Savers still handing an unnecessary gift to the tax man
New research conducted on behalf of Fidelity Investment Managers shows that while nine out of ten people are saving, most are not maximising their returns or taking advantage of the tax breaks open to them.
October deadline looming for tax returns
HM Revenue & Customs (HMRC) has issued an alert to anyone filing their Self Assessment tax return on paper - get it in by 31 October, or you could face a £100 penalty.
No council tax revaluation tax rises pledge ministers
Local taxpayers have been reassured that there will be no unexpected wave of council tax revaluation hikes in the next five years.
Half of Brits say no to paying back the taxman
Following the announcement last week that HMRC had miscalculated workers' tax bills over the past two years, moneysupermarket.com has found Brits are unwilling to repay the tax error money.
Consumers urged to take capital gains tax action now
UK taxpayers are expected to waste a shocking £552 million in unnecessary capital gains tax (CGT) payments this year, according to research by unbiased.co.uk.
PAYE calculations - don't overdo the hype
Low Incomes Tax Reform Group (LITRG) is all for bringing HMRC to account when it has let down the low income population; but we are also clear that we want good and accurate information to be provided to those same people.
Too taxing to take in
Following the news that over a million taxpayers were overcharged last year by HM Revenue and Customs, which collected £238m too much tax, HSBC research reveals widespread ignorance and apathy about income tax among UK taxpayers.
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.