Category: Tax News

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George Osborne promises to abolish the ‘death tax’

George Osborne says he will abolish the ‘death tax’ Chancellor of the Exchequer, George Osborne, has launched one of those promises designed to grab headlines briefly: the abolition of the […]

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Major UK tax does not deter the rich amid growing sales of luxury homes

Major UK tax does not deter the rich amid growing sales of luxury homes In May, Britain sold 113 houses and apartments that were worth over 2 million pounds, while […]

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Tax gap figures increase pressure on HMRC

Tax gap figures increase pressure on HMRC The UK fiscal deficit in 2012-13 was 6.8% tax liabilities or £34 billion, according to the latest estimates from HMRC. Estimates for 2011-12 […]

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HMRC implement new system for debtors

HMRC new system for tax debtors HM Revenue & Customs has expanded its powers through increasing the amount of money you can make from the salaries of employees to recover […]

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Parties against devolution of corporation tax

Political parties against devolution of corporation tax All three of the main UK political parties have agreed that corporation tax shouldn’t be devolved to Scotland so as to avoid any […]

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HMRC left red faced after P800 error

HMRC messes up with P800’s HMRC no longer issues income tax repayments, now that an email was leaked and exposed. The information held was that of the end of year […]

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Budget 2014: Tax breaks set to encourage business investment

During the 2014 Budget announcement, Chancellor George Osborne has revealed the introduction of a number of tax breaks as a means of boosting investment in UK companies. Under the new […]

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Labour suggest they will raise taxes in order to eliminate the deficit

Labour has suggested they would eliminate the trade deficit within just 5 years by raising taxes for the highest earners. When questioned about the 50p income tax rate and whether […]

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£1000 towards energy effeciency

The UK government will be offering £1000 to people buying a new home, however this has to be spent on energy efficiency products. They will also get £50 off their […]

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