A third of investors (31%) are increasing their ISA contributions to avoid paying additional tax under the Capital Gains Tax changes announced in the most recent Budget, according to new research.
More than 11.5m people filed their self-assessment tax returns on time but an estimated 1.1m people missed last Friday’s deadline, HMRC has said.
Thresholds affecting higher rate taxpayers have fallen significantly behind wage inflation and are costing people thousands of pounds, according to new stats.
Financial Planning and tax experts have welcomed comments this week from Chancellor Rachel Reeves at the Davos World Economic Forum that she may soften a Budget crackdown on non-dom individuals.
With less than a month to go, 5.4m taxpayers still need to complete and pay their tax self-assessment and avoid penalties, HMRC has warned.
Four out of five financial services customers are either very concerned or somewhat concerned about tax increases being imposed by the new Labour government, according to a new survey.
HMRC data published today has revealed that 40,072 people completed their tax return over the Christmas break with 4,409 submitting their returns on Christmas Day.
The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.
Rumours of a tax rise in the Budget have encouraged 16% of people to consider raiding their pension pots for tax-free cash, according to new research.
Latest HMRC figures out today reveal that the total government tax 'take' jumped £8.9bn year on year in the latest five month period.
An increasing number of families are being caught out by unexpected inheritance tax bills on gifts made less than seven years before death.
The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed.
Page 1 of 14