Last day of the tax year - papers 5 April

The paper stresses that not all the measures coming into force will be remembers, as they were first announced some years ago, but collectively will boost Gordon’s coffers by some £750m. Among the new taxes are: the withdrawal of the 10% dividend tax credit applied to ISAs, a higher starting point for National Insurance – now £91 instead of £89 – changes to the way charity donations are taxed, and a rise in the rate applied to gains on life assurance policies to 20% from 18%. SLIGHTLY OFFSETTING the tax news is a report from the DTI, which suggests the UK created wealth more rapidly t...