Personal tax

People who save for their retirements through company pension schemes could be missing out on millions of pounds in tax relief, a new study has claimed.

Tax laws need to be reformed so that they are open, transparent and pose less of a burden to smaller businesses and entrepreneurs.

Plans by HM Revenue and Customs (HMRC) to upgrade the IT system that is used to handle PAYE tax and national insurance details could result in temporary interruptions to the service.

HM Revenue and Customs (HMRC) is to launch a new campaign aimed at reclaiming the tax payable on undeclared funds kept in offshore accounts.

People are experiencing increasing delays in the time it takes for refunds of overpaid taxes to be made, it has been claimed.

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