Income tax

Changes to tax laws on the Isle of Man will allow companies to provide more competitive Qualifying Recognised Overseas Pension Scheme(QROPS) rates.

An illegal immigrant has been jailed for three and a half years after carrying out a £500,000 tax fraud.

Around 15 million people are facing long delays on their tax rebates as a result of HMRC revamping its security system.

Chief information officer Deepak Singh was paid £149,500 by HMRC to work three months beyond his leaving date.

The new reporting regime for offshore funds allows UK investors access to accumulating ETFs at a beneficial tax rate, according to industry experts.

Industry experts are urging investors to consider the tax status of ETFs as part of their due diligence, rather than blowing tax treatment "out of proportion."

The income tax threshold will increase by by £1,000 in April, the Chancellor said today in his emergency Budget.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (Niesr).

Richard Leeson, head of UK business development at Prudential International, says high earners can use offshore bonds to sidestep the worst effects of the tax rate changes.

The Chancellor will not make any changes to VAT, income tax or national insurance (NI) rates.