Income tax

The government is planning an overhaul of the way it grants tax relief on pensions which will cost the pension industry, employers and the government "hundreds of millions", an expert has warned.

The 50p top rate of tax is damaging the economy and reducing government income, according to a letter signed by more than 500 business leaders.

Angela Haythorne, financial planner at JLT Wealth Management, explains the many and varied ways you can help reduce your clients’ income tax liability.

Her Majesty's Revenue and Customs (HMRC) will be given new powers in the spring to tackle employers who try to dodge paying their PAYE or National Insurance contributions (NICs).

The government's proposed reforms to the child benefit system would create effects that are "bizarre and economically damaging", the Institute for Fiscal Studies (IFS) has said.

The 50p top rate of tax is "unlikely" to be axed in the current financial climate, the mayor of London has said.

Deputy Prime Minister Nick Clegg is to urge the coalition today to "go further and faster" in implementing an increase in the income tax threshold.

An industrial dispute between Her Majesty's Revenue and Customs (HMRC) staff and their employers will create chaos on the day of the tax return deadline, experts have warned.

Letters sent out by Her Majesty's Revenue and Customs (HMRC) informing people they have paid too little tax could be based on inaccurate figures, an accountancy firm has warned.

HMRC staff are set to go on strike on 31 January, the self assessment filing deadline day.