Personal tax

The 55% tax charge on inherited pensions will be abolished from April 2015, the Chancellor George Osborne has announced.

From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced.

The inheritance tax threshold should be raised above its current £325,000 limit for individuals, Prime Minister David Cameron has said.

Chancellor George Osborne delivered his 2014 Budget statement on 19 March 2014. Here is a round-up of reaction from industry bodies.

HM Revenue & Customs has unveiled an advertising campaign tackling tax evaders who hold money in offshore accounts.

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