Income tax

HMRC staff are set to go on strike on 31 January, the self assessment filing deadline day.

Individuals have until the end of January to file their tax returns for the year ended 5 April 2011. Baker Tilly outlines five tips to avoid unnecessary penalties or charges...

The Treasury will not axe tax relief on compensation for certain previous pension mis-selling cases as previously planned.

The government has moved a step closer to implementing a general anti-avoidance rule (GAAR) to the tax system after a report recommended the move today.

January to March is the traditional EIS and VCT fundraising ‘season'. Matthew Brow, partner at RAM Capital Partners which markets the investments, gives a rundown of the New Year benefits on offer.

The government is set to create working groups to begin reforming the income tax and national insurance contribution (NIC) systems.

Her Majesty's Revenue & Customs (HMRC) is considering setting up online accounts for individual PAYE taxpayers and introducing annual tax statements as part of efforts to make the UK tax system easier to understand.

Business leaders will today make a fresh plea to George Osborne to scrap the 50p rate of income tax and increase personal allowances to protect the British economy from the worst of the eurozone crisis.

The Institute for Fiscal Studies (IFS) has proposed extending VAT to nearly all spending - including financial services - following its wide-ranging review into the UK's tax system.

Energy and Climate Change Secretary Chris Huhne has added to coalition tensions over the future of the 50p top rate of income tax with a warning to Tories against 'helping their friends in the City'.