Personal tax

Over 300 banks and financial institutions will be obliged to hand over details of their customers’ offshore accounts to the tax authorities.

Criminals are making fraudulent claims for refunds in a new scam aimed at online self-assessment tax returns.

The latest campaign by HM Revenue and Customs (HMRC) designed to encourage people with undeclared funds in offshore accounts to disclose their tax liabilities should be extended.

HM Revenue and Customs (HMRC) has announced that people who overpay their taxes will be guaranteed a minimum of 0.5 per cent interest on the money.

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

Syndicate content