tax

Many Eastern European countries, including the Baltic States and Russia, have adopted a flat tax system. The theory behind flat taxes contains two main arguments. First, by having a single rate of tax, the system is simple; people understand what they...

Budget changes have seen VCT sales this tax year fall more than £500m on the previous year, according to the Allenbridge Group.

As expected, Gordon Brown has all but closed the door on the year-and-a-day cash investment schemes in his recent Budget, but the fallout may be much greater than was originally estimated.

A-day has been part of my life for the last five years. I have been involved with its development, from its original launch in the Green Paper in December 2002 (Simplifying the taxation of pensions: increasing of choice and flexibility for all).

Alternatively Secured Pensions are still a useful retirement planning tool, despite the industry's failure to achieve any tax concessions from the Treasury, claims Winterthur Life.

Changes are being made to tax key rules governing life insurance companies which should make it easier to hold reinsurance contracts instead of capital and transfer management of friendly societies to another insurer.

The tax rate on small companies is to be raised from 20p this year to 22p in 2009, Chancellor Gordon Brown has announced.

TREASURY OFFICIALS are engaged in urgent talks with tax experts ahead of tomorrow's Budget to tighten new regulations aimed at ending tax avoidance schemes used by up to 250,000 contract employees, says the Daily Telegraph.

One in six people rely on an inheritance windfall to fund their future, according to research from Lincoln Financial Group.

BARCLAYS BANK is trying to position itself as a "white knight" for Dutch banking rival ABN Amro in its attempts to take over the company as shareholder activists are demanding the bank break itself up or merger, suggests this morning's Guardian.