Personal tax

Tax credit errors cost £2.3 billion in 2010-11

22 May 13

HM Revenue and Customs (HMRC) is to miss its target to reduce tax credit error and fraud by £5 billion, a report by the Public Accounts Committee (PAC) has said.

More countries sign tax agreement

02 May 13

A number of Commonwealth nations are among those who have signed an agreement to share tax information, a report by the Organisation for Economic Co-operation and Development (OECD) has said.

Universal Credit trial roll-out begins

30 Apr 13

The Government's 'radical reshaping' of the UK benefits system got underway today as Universal Credit began for jobseekers in the North-West of England.

Students encouraged to check their tax bill

19 Apr 13

Students could be paying the incorrect amount of tax following the introduction of the new PAYE system and the abolition of the form which allowed students to defer paying income tax when getting paid for holiday work, the Low Incomes Tax Reform Group (LITRG) have said.

Stocks and shares ISAs underused by savers

09 Apr 13

A quarter of UK adults own stocks and shares, yet many are failing to make use of their tax-free stocks and shares individual savings account (ISA) allowance, research has claimed.

Budget 2013: Support for childcare and mortgages announced

20 Mar 13

Measures to help individuals get onto the housing ladder and an acceleration in the tax-free personal allowance increase were among the personal finance highlights in Chancellor George Osborne's 2013 Budget.

High earners reminded of child benefit charge

13 Mar 13

People receiving child benefit who have an income of over £60,000 are being reminded to opt out of receiving payments before the 28 March in order to avoid paying a new charge by self-assessment tax return.

Record number of tax-returns filed on time

04 Feb 13

A record 9.61 million people filed and sent their self-assessment tax returns this year, with 7.93 million sent online, HMRC has revealed.

Incentives boost for start-up business investors

14 Jan 13

Angel investors are being urged to take advantage of tax breaks when investing in start-up companies after additional incentives were highlighted by tax officials.

Draft legislation for Finance Bill 2013 published

12 Dec 12

The Government has published draft legislation to be included in the 2013 Finance Bill, which will implement certain policies announced in the 2012 Budget and Autumn Statement.

Child benefit: New tax charge on horizon

10 Dec 12

High-earning households have less than a month to decide whether to stop receiving child benefit payments or pay a new tax charge by self-assessment.

Autumn Statement 2012: personal finances

05 Dec 12

A freeze in fuel duty and a decrease in the annual pension allowance were amongst the announcements affecting personal finances made by Chancellor George Osborne in this year's Autumn Statement.

Landlords and rag traders fall under HMRC's spotlight

19 Nov 12

Pub and property landlords are amongst the latest groups to be targeted by HMRC taskforces into tax evasion in the UK.

Fuel duty and unfair petrol prices hitting economy, say motoring groups

16 Nov 12

'Unfair' fuel taxes and wholesale petrol prices are hitting drivers and causing lasting damage to the UK economy, business and motoring groups have warned.

Calls for Gift Aid revamp as charitable donations fall

16 Nov 12

Charity groups are calling for a modernisation of Gift Aid and Payroll Giving schemes after a report revealed a 20 per cent drop in donations last year.