Tax
HM Revenue & Customs interest rates reduction
HM Revenue & Customs (HMRC) announce a cut in the interest rates charged on late payments and paid on overpayments.
Higher rate tax payers unaware of tax relief on charitable donations
As the deadline approaches for self assessment tax returns research commissioned by the Charities Aid Foundation has found that half of all higher rate taxpayers are unaware they can reclaim 20% personal tax relief on their charitable donations in their self assessment tax return.
Tax return deadline just around the corner
The 31 January tax return deadline is just around the corner, so if you haven't sent your return to HMRC yet, you need to act quickly to avoid a £100 penalty.
20,000 businesses helped with time
Over 20,000 businesses have delayed paying more than £350 million of tax after contacting HMRC's Business Payment Support Service (BPSS) in the last six weeks.
Taxpayers hit by huge fines for late self-assessment forms
Taxpayers are set to gift the taxman an unnecessary £479 million this year in fines generated by late returns, miscalculations and surcharges on unpaid tax, according to research by Unbiased.co.uk, the online Find an IFA search.
HMRC warns of danger from scam emails
Fraudsters are targeting taxpayers with thousands of scam emails in the run up to the 31 January Self Assessment tax deadline HM Revenue & Customs said today.
Singles neglect estate planning
One in five single people do not have a will drawn up, risking their dying wishes being unheard and having their estate divided by the law, according to research from Standard Life.
Tax deadline reminder
HM Revenue & Customs (HMRC) is issuing a reminder to anyone filing a Self Assessment tax return - don't forget to submit it online and on time, or you could risk a £100 penalty.
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.
Three out of five people in the dark about estate planning
More than a year after the introduction of the Inheritance Tax (IHT) transferable nil rate band (NRB), nearly three out of five people are still unaware of the new rules and the tax implications, according to research from Standard Life.
UK tax payers waste more on IHT payments than any other tax
UK taxpayers are wasting millions of pounds due to poor IHT planning according to annual research by Unbiased.co.uk. The research shows that the overall amount of unnecessary inheritance tax payments totaled £1.9 billion last year.
WAY joins forces with EEA to launch US life settlement fund
WAY Fund Managers has announced it is teaming up with leading life settlement fund provider EEA Fund Management (Guernsey) Ltd (EEA) to launch its own class of the highly successful EEA Life Settlements Fund.
Double duty-free allowance for travellers returning to the UK
Travellers can now bring back more than double the amount of gifts and souvenirs from outside the EU without paying UK duty.
Government hijacking green agenda to increase taxes
Almost three quarters (68%) of consumers believe the green agenda has been hijacked by the government as a way of increasing taxation, according to figures from Unbiased.co.uk.
Standard Life highlights statutory IHT loss reliefs
"At a time when shares and property prices are continuing to fall, there are statutory Inheritance Tax (IHT) reliefs which should not be forgotten about" says Julie Hutchison, Head of Estate Planning with Standard Life