Tax Planning

Britain's most expensive homes should be hit with a ‘super mansion tax' to help raise billions in tax revenues, according to a senior Liberal Democrat.

Prime Minister David Cameron has told other Members of Parliament that it is unfair to refer to Guernsey as a tax haven.

PROTECTION

TAX PLANNING

Confidence among investors that the Bank of England (BoE) will hold rates at record lows for as long as it has implied appears to be falling after a key economic indicator suggested the UK's economic recovery is gathering pace.

Higher income parents who continue to receive child benefit payments have one month to register for self-assessment.

TAX PLANNING

Young adults relying on inheritance to fund their own retirement are not taking into account how the cost of their parent's care will eat into their legacies, a report has found.

It should be mandatory for small self-administered pension schemes to have a professional trustee to avoid potential devastating tax charges, a provider has said.

People who have sold properties that are not their main homes, and have not told HM Revenue and Customs (HMRC) about any profit on the sale, have one week left to pay up.