tax

Have yourself a merry little tax return: thousands file self-assessments on Christmas Day

Thousands of taxpayers filed self-assessment returns on Christmas Day, according to HM Revenue & Customs (HMRC).

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I have retired early but will I be better off if I continue to pay NICs for longer?

It is possible that your new state pension is less than the full rate of £164.35 per week. There are two main reasons this could happen:

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Do I have to pay tax in the UK on a pension that has been taxed in Norway?

You must pay tax on pensions if you’re resident or were resident in the UK in any of the five previous tax years.

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Brace yourself for council tax rises of up to 5% in 2019, adding £80 a year to the average bill

Households can expect to see council tax rise by as much as 5% in 2019 following the publication of the government’s annual local government funding settlement.

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Taxpayers treated unfairly by HMRC as lower-income earners 'disproportionately' targeted, report warns

Powers given to HM Revenue and Customs to tackle tax evasion are undermining the rule of law and are unfair to taxpayers, a report from the House of Lords has warned.

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Will HMRC find out if I fail to declare the tax I owe?

You may have to pay CGT if you make a gain when you sell or transfer property that is not your main home. This applies to a sale or transfer of a second property to your son.

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How can I avoid spending Mum’s cash on tax or care?

If your mother died after changing an account into joint names, the balance of this account would pass to you as the surviving account holder.

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How long do I need to keep my Isa paperwork for the taxman?

The conventional wisdom is that people should keep financial documents for six years. You can demand that the financial companies you have used send you copies of old documents for up to six years.

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Five ways you could boost your income courtesy of... the taxman!

We don't generally associate the taxman with ways of boosting our income. But HMRC is pointing out five schemes that taxpayers could be entitled to that could see a significant boost to what they take home every month. 

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New tax for over-40s being considered by government to tackle social care funding crisis

Over-40s may soon have to pay extra tax in order to create a provision for social care funding.

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