Entries in Income Tax (26)


IFS: Government must find more sources of tax

The think tank the Institute of Fiscal studies has warned the government that its reliance on the UK’s top earners for the majority of the UK’s tax burden is unsustainable and ‘punishes success’.

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National Insurance and income tax to be merged?

The Office of Tax Simplification (OTS) has revealed long-term plans to merge NICs and income tax into one unified tax. The measures were included in a recently published review of employee benefits.

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Two week reprieve for self-assessment filers waiting for online activation code

Taxpayers who registered with SA Online after January 21 and have not yet received activation codes have been given a two week reprieve on filing their tax returns.

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HMRC shuts down offshore tax avoidance plan

HMRC is set to collect around £400m in income tax and national insurance contributions, following a ruling that shut down a scheme whereby around 350 contractors and freelancers were collecting their income as forex loans.

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Self-assessment tax tips

The self-assessment deadline is looming, but it’s not too late. Here are a few tips for the season, so you don’t get caught out.

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