tax

The government has launched draft legislation and a formal consultation on a new general anti-abuse rule (GAAR) that aims to tackle artificial and abusive tax avoidance schemes.

Almost three million pensioners and low-paid workers have paid too much tax on their savings, research suggests.

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The UK should introduce a single income tax of 30% as part of a radical reform of the taxation system designed to boost economic growth, an influential committee has said.

Almost a million more people will fall into the higher rate tax band due to changes to tax thresholds made by the government, the Daily Telegraph reports.

Guernsey's zero-10 regime has been deemed "harmful" by the EU's Code of Conduct Group on Business Taxation.

Deputy Prime Minister Nick Clegg has given the clearest indication yet the government will be forced to backtrack on its plans to cap tax-free charitable giving.

The government is increasing the pressure on HMRC to crack down on tax evasion by upping its revenue targets.