Tax Planning

The coalition government is to abandon plans to scrap the 50p top rate of tax despite rising pressure from business leaders.

Advisers have been warned that failure to set up trusts correctly could land their clients - and themselves - in hot water.

Deputy prime minister Nick Clegg has suggested the Budget 2012 will contain new rules to tackle tax dodging by the rich.

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...

This year is packed full of regulatory change you and your clients might need to discuss. Below are the dates of the top changes affecting your customers.

The average income of households with children will drop by 4.2% - or £1,250 - a year between 2010/11 and 2015/16 as a result of the coalition's tax and benefit changes aimed at reducing the deficit, a charity has calculated.

The inheritance tax (IHT) threshold freeze has boosted government revenues from the tax by 14%, an accountancy firm said.

Ministers are to strip small firms of a longstanding concession which has allowed them to pay capital gains tax - rather than income tax - on the proceeds of the sale of a business.

Neil Jones, technical project manager at Canada Life, examines the tax implications of charging fees post 2012.

The Chartered Insurance Institute (CII) gets criticised for everything from focussing too much on insurance brokers to losing exam papers. But when you have a question, who are the people behind the royal charter picking up the phone? Laura Miller finds...