Tax
Young Brits fear inheritance debt bombshell
Gone are the days when mum and dad could bank on a family inheritance to clear the mortgage. New research from AA Legal Services reveals that seven in ten young Brits (70%) most fear inheriting a mountain of debt when their parents pass away.
Ordinary savers and pensioners bear brunt of £3bn share tax
Stamp duty on share transactions is damaging the economy, eroding pensions and savings and hitting investment according to new Oxera research.
You don't have to be rich to face Inheritance Tax
Many people mistakenly think inheritance tax is solely the preserve of the rich and won’t affect them.
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.
Bring inheritance tax in line with house price inflation
The National Association of Estate Agents (NAEA) has reiterated its concern over inheritance tax (IHT) and the Chancellor’s plans to increase the nil rate threshold by a minimal amount over the next four years.
Chancellor gets sums wrong on IHT projections, says Way Group
A prediction by the Chancellor that around six per cent of UK estates are likely to be caught in the inheritance tax (IHT) trap by 2010 is deliberately misleading, according to fund manager The WAY Group.
Brits waste £1.5 billion in inheritance tax
UK taxpayers are wasting millions of pounds due to poor IHT planning according to annual research by Unbiased.co.uk.
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.
Inheritance tax and Stamp Duty - the key facts from the Halifax
Property tax revenues - including inheritance tax and stamp duty - in the UK are the highest (along with the US) in the OECD. Property taxes as a percentage of total taxes in the UK have risen from 10.4% in 1995 to 12.0% in 2004 according to the latest statistics. The average for the Euro-zone is 5.3% and the UK's 12.0% compares with 8.1% in Spain, 7.6% in France and 2.5% in Germany.(source: OECD).
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.