Personal tax

The introduction of the new higher income tax rate will damage the economy, the TaxPayers’ Alliance has claimed.

People who have money in offshore accounts but have not disclosed the tax that may be owing are being given a second and final chance to settle their bills at a reduced penalty rate.

People who file self-assessment tax returns are being reminded that the next date for making a payment is imminent.

Some people who have not registered to receive gross interest could be paying too much tax on their savings income.

HM Revenue and Customs (HMRC) has alerted taxpayers to the risk posed by thousands of bogus emails offering people tax refunds.

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