tax

Chancellor Alistair Darling has announced this afternoon he will raise the personal tax allowance by £600 with immediate effect.

Graham Jacobs has retired as chairman of tax and wealth management adviser The Fry Group after 44 years with the company.

Failure to claim back overpayments of tax has resulted in UK residents losing out on £322m in 2007, research suggests.

AWD Chase de Vere has launched a tax and trusts division for legal and accountancy and corporate clients.

HM Revenue and Customs (HMRC) is set to contact around 5,000 offshore account holders to request a formal declaration of their account details.

The amount of stamp duty paid by first time buyers has almost doubled over the last five years, according to figures from Halifax.

The UK's financial services industry depends on non-domiciled workers, says the British Banker's Association (BBA).

Stuart Law, the chief executive of property investment group Assetz, has condemned two professional bodies, one of which he is a member, for asking the Government to implement penal taxes on buy-to-let investors.

The Liberal Democrats have called on Gordon Brown to make super-rich non-domiciles pay their fair share of tax.

Isle of Man Finance has urged clients with offshore accounts to seek tax advice after HM Revenue and Customs asked private banks and wealth managers to reveal details of offshore account holders.