A record number of taxpayers are paying the highest rate of income tax, according to new figures from HM Revenue & Customs (HMRC). Read More
The Labour Party is set to unveil ambitious Income Tax plans which would see almost one million more British workers pulled into a higher tax bracket. Read More
A new survey has revealed a worrying lack of awareness of recent changes to mortgage interest tax relief – which were phased in at the beginning of this month and affect most UK landlords. Read More
Wales could introduce its own Income Tax rates from April 2019 as part of a deal with the UK Treasury. Read More
Although HM Revenue & Customs (HMRC) now has a specialist unit to tackle tax avoidance among wealthy taxpayers, the amount of tax paid by the super-rich appears to have fallen by £900m to £3.5bn. Read More
The Resolution Foundation is urging Chancellor Philip Hammond to use his Autumn Statement to scrap plans that would take more people out of income tax by raising the limit and instead make Universal Credit more generous. Read More
Chancellor Philip Hammond has been urged to use his forthcoming Autumn Statement to reverse a string of “successive cuts” introduced by his predecessor George Osborne. Read More
HM Revenue & Customs (HMRC) claims that as many as five million UK taxpayers have now started using personal digital tax accounts (PTA) in anticipation for Making Tax Digital (MTD). Read More
The top one per cent of earners will pay almost a third of income tax by 2020, and now nearly half of all working adults don’t pay it at all, new figures reveal. Read More
The Government has instructed the Office of Tax Simplification (OTS) to investigate the implications of merging income tax and National Insurance Contributions (NICs) by considering the already available evidence and undertaking further research with stakeholders and taxpayers. Read More