Tax Planning

Owners of second homes in England may lose council tax discounts as part of new powers set to be given to local authorities.

Mark Green, head of tax & estate planning at Legal & General, explains how investment bonds can breathe new life into capital growth.

Her Majesty's Revenue and Customs (HMRC) has received around 2,000 complaints about the threatening tone of its letters to taxpayers since 2009.

Vince Cable, the Business Secretary, has been embarrassed after being fined £500 by HM Revenue and Customs for failing to pay VAT on his extra-curricular earnings.

An estimated six million taxpayers are in line for a windfall refund as Revenue & Customs tries to unravel the latest in a series of administrative problems.

Entrepreneur Robert Gaines-Cooper today lost his appeal in the Supreme Court over whether he could rely on HMRC guidance to determine residency, in a dispute stretching back almost 20 years.

An internal HMRC memo sent to a taxpayer in error has suggested the Revenue service is hiding mistakes and concealing vital information from the public.

About six million people are set to receive tax rebates averaging £400, while another million will learn they have underpaid their tax by about £600.

Swiss bank account holders who have legitimate reasons for keeping their money offshore may still be on the taxman's hit list, accountants warned.

Employers dread filling in paperwork for the taxman, especially those with a large staff turnover.