Personal tax

Chancellor faces increasing pressure for Budget tax-cuts

The Chancellor is facing mounting pressure from business groups and labour MPs to cut taxes in the upcoming Budget in order to stimulate economic growth and boost business.

HMRC: Late tax return penalties being issued

HMRC has begun issuing hundreds of thousands of penalty notices to those who have failed to submit tax returns on time, it has announced.

Rush to beat stamp duty holiday boosts housing market

House sales were up in January as an increased number of first-time buyers made the most of the stamp duty holiday which is to end in March, the Royal Institution of Chartered Surveyors (RICS) says.

Wealthy pension savers to take advantage of tax breaks as speculation mounts

Thousands of higher and additional rate taxpayers will take advantage of current pension rules in the coming weeks in order to maximise their contributions, pension experts have said.

HMRC urges employers to get rid of dummies

HMRC is urging employers to double check the employee data submitted on tax returns, after research revealed that many are completed with dummy, incomplete and inaccurate information.

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