UK Finance News

A report conducted by the Financial Times suggests that the Chancellor Alistair Darling could be well off the mark when predicting that the UK’s one off tax on bank bonuses would bring £550million in to the Treasury during this financial year.
Instead the Financial Times report says that the 50% tax levied on bonuses over £25,000 [...]

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Following yesterdays Budget report, the following information regarding changes to personal taxation has been compiled by Michael Martin Partnership.
Personal Allowances 2009-10
These remain as announced in the Pre-Budget report November 2008. From the 6 April 2009 the income tax personal and age related allowances are increased to:
Age under 65 – £6,475
Age [...]

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Revenue and Customs are losing £2.8bn a year in tax, through people not filling in their tax returns correctly and it is not economic to get the money back.
The admission comes in a report by the Commons public accounts committee into the failure of Revenue & Customs to meet best business practise.
The report is scathing [...]

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It would seem that at last younger savers are starting to take pension savings seriously. It may also mean that recent pension reforms are starting to hit home.
And so they should, with excellent tax breaks and more generous limits on contributions, the fruit is ripe for the picking.
Research by Fidelity FundsNetwork shows nearly a quarter of a [...]

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Far from a U-turn, Alistair Darling’s manoeuvre on the 10p tax rate was more akin to reversing into a lamppost. Lampposts are big and bright and shouldn’t be difficult to miss; so whilst now doubt an illuminating experience for the Chancellor, he should have seen this object in the rear view mirror.
Ironically, it was Gordon’s [...]

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