Budget 2013 Report Chancellor George Osborne announced his budget on Wednesday 20th March which contained several changes to the UK tax system. Essentially this budget was fiscally neutral meaning that all tax cuts announced were paid for by tax rises elsewhere. Personal Income Tax The basic personal...
The latest focus of the HMRC's campaign against tax avoidance and evasion is centered around the loss of capital gains tax on the sale of second homes. People who have sold properties that are not their main homes, and who have not told HMRC about any...
To Chancellor George Osborne it is a simplification in a complex tax system. To its critics, it is a "granny tax". But what exactly does the most controversial measure in Wednesday's Budget mean for you? The change in age-related personal allowances - the amount of income that is tax-free -...