Tax Planning

The recent publication of the General Anti-Abuse Rule (GAAR) has bolstered measures to limit "extreme" tax avoidance and will focus governance on tax, experts have said.

Tax cheats hiding investments and assets in the Isle of Man, Guernsey or Jersey are being asked to pay the tax they owe before HM Revenue & Customs (HMRC) clamps down on them.

Changes to income tax that came into effect over the weekend will make work pay, according to Lib Dem minister Danny Alexander.

High earning workers will shift about £5bn into the new tax year to take advantage of the cut in top rate tax, the Sunday Times reports.

TAX PLANNING

Her Majesty's Revenue & Customs (HMRC) is to change the existing inheritance tax (IHT) treatment of liabilities as part of its ongoing fight against tax avoidance schemes and promoters.

BUDGET 2013

The threshold at which people begin to pay income tax will rise to £10,000 in 2014, a year earlier than planned, the Chancellor announced today.

Te government is to embark on a programme to crack down on "aggressive" tax avoidance, the Chancellor confirmed in the Budget today.

Chancellor George Osborne has announced that corporation tax will be cut to 20% in April 2015.