Tax
Revised Stamp Duty rules carry new burden for industry, says Quest
Following the 2010 Budget, Quest, the major technology provider in the survey and mortgage valuation market, has welcomed steps to support first-time buyers entering the property market with the relief from Stamp Duty Land Tax on purchases up to £250,000. However, Quest believes the new legislation also brings due-diligence issues between lenders and solicitors.
Stamp duty boost means 65% of homes are now exempt
Increasing the threshold to £250,000 now means that two thirds (65%) of all properties currently on the market across the UK are exempt from stamp duty tax for first time buyers, according to FindaProperty.com.
ISA inertia will cost Brits £35 million in unnecessary tax payments
With the deadline fast approaching to make full use of this year's ISA allowance, research by unbiased.co.uk, the professional advice website, reveals Britons are set to waste a huge £35 million in tax this year by not putting their savings and investments in a tax-efficient savings account such as an ISA.
Tax rises are biggest financial worry for investors
With a general election around the corner, research from the Association of Investment Companies (AIC) suggests tax is very much on the agenda for investors.
Top tax tips from HSBC
With the Tax Year end fast approaching (April 5th), HSBC has identified some ‘top tax tips' to help people be more tax efficient.
Britons set to waste £9 billion in unnecessary tax payments
With election fever on its way - and with tax a key topic on the agenda - exclusive research by Unbiased.co.uk, the professional advice website, reveals a whopping £9 billion is set to be wasted in unnecessary tax payments this year.
Offshore disclosure deadline looms
People with offshore investments who have notified HM Revenue & Customs (HMRC) that they want to use the New Disclosure Opportunity (NDO) have just one week to make their disclosures online and to pay all tax, duties, interest and penalties owed in full.
Law for naming tax cheats goes live
Taxpayers and companies who deliberately evade taxes face having their name, address and details of their evasion made public after new legislation was put into force today.
Get your 30% tax relief on limited life VCTs before the rules change
This tax year could be your last chance to invest in a limited life Venture Capital Trust and obtain the generous 30% tax relief available, warns Fair Investment Company.
Savers pay £13bn extra tax
The failure of UK savers to use their full ISA allowance could have cost them an estimated £13 billion, according to research by Clydesdale & Yorkshire Banks.
The Business Inspector gets boost from HMRC
A new TV series - "The Business Inspector" - has been sponsored by HM Revenue & Customs (HMRC).
Record 6.4 million file their tax returns online
A record number of taxpayers filed their Self Assessment tax returns online this year, HM Revenue & Customs (HMRC) revealed today.
Christmas and VAT increase boost consumer finance figures
Christmas spending and the rush to beat the VAT increase led to the first growth in consumer finance since April 2008, according to industry figures for November 2009 published by the Finance and Leasing Association (FLA).
HMRC urged to take action over tax code problems
The Chartered Institute of Taxation (CIOT) is calling on HMRC to be proactive and mount a publicity campaign to highlight that wrong information is being sent out to huge numbers of people that, unless corrected, may cost them hundreds of pounds.
Campaigners challenge unfair rules on inheritance tax
Campaigning tax advisers are calling on the Government to correct a tax quirk which is unfairly hitting elderly widows and widowers.