Tax Planning

Scottish Widows has lost a case against Her Majesty's Revenue and Customs (HMRC) in the Supreme Court.

HM Revenue and Customs (HMRC) is slowly narrowing what it calls the 'tax gap' - the amount of tax that goes uncollected each year - but it is still falling some £35bn short, according to the latest figures.

Brian Murphy addresses the changes and potential impact of HM Treasury's recent review of UK residency status.

Leading entrepreneurs view the 50p tax rate as an "obstacle to enterprise and incentive", according to a survey by Ernst & Young (E&Y).

Business secretary Vince Cable today called for a policy of "stability, stimulus and solidarity" to aid Britain's financial recovery.

More than 2,000 extra tax inspectors will be recruited to crack down on tax evasion among the UK's most wealthy, chief secretary to the Treasury Danny Alexander has said.

Scrapping the 50p top rate of income tax would be "morally repugnant" and "economically witless", Liberal Democrat president Tim Farron told his party's conference in Birmingham.

AXA Wealth's Brian Murphy looks at the implications of the recent HMRC consultation on inheritance tax for people who leave a charitable legacy in their will.

Energy and Climate Change Secretary Chris Huhne has added to coalition tensions over the future of the 50p top rate of income tax with a warning to Tories against 'helping their friends in the City'.

A former Labour Treasury minister today urged her party to drop its support for the 50p tax rate.