Topic filter : Tax Payer

Most trending topics in Business & Finance ( last 24 hours ):
British Airways Flight Heathrow Gatwick Fast Food Chain Employment Euro Uber Estate Agent Pound Holiday PayPal EBay Auction Debt

Socially Most Trending News

.... . Mr McDonnell said he wanted to offer reassurance to the majority of tax payers, but said the details would be outlined in Labour's manifesto. ... [Read full article on BBC ]
Saturday 6th of May 2017 09:00:03 PM
Total Trend count
56
Most trending on :
34 22

Latest Finance News related to Tax Payer

Lifetime ISA 'THREAT' to retirement income: How LISA could damage YOUR pension image
.... Under the account, every £4 put into a LISA will earn another £1 from the Government on up to £4,000 of savings every year. But basic rate tax payers already get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
....However, in many cases it will make more sense for workers to use employment-based pension schemes than a Lifetime ISA. At the moment basic rate tax payers already get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
UK nuclear decommissioning debacle costs government nearly £100m image
Source : Guardian [Read Article] Monday 27th of March 2017 09:22:20 AM
....Rebecca Long-Bailey, shadow energy secretary, said: “By cancelling just two years into a 14-year contact the government has shown dramatic levels of incompetence in the procurement process of this deal. “British tax payers who stand to lose nearly £100m should be asking themselves not just whether they are willing to put up such ineptitude but also whether the government actually has a well thought out and long term nuclear decommissioning strategy. ...
Council tax bills to rise in nine out of 10 English local authorities image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....He said the council was able to freeze the tax by increasing other fees and charges including car parking and bulky waste collections. “Our narrative is, broadly, council tax payers – we won’t just be using you by putting up council tax just to subsidise other services,” explained Hart. ...
Tax year end 2017: Are ISAs or current accounts the best place to save £5,000?  image
Source : Daily Express [Read Article] Thursday 16th of March 2017 04:19:00 PM
.... Tesco Bank has also guaranteed to offer a rate of three per cent on its current account from April 1 and not drop it any time before April 2019. Furthermore, up to £1,000 of savings income is tax free for basic rate taxpayers thanks to the Personal Savings Allowance or £500 for higher rate tax payers. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
....It will net an increasing amount for the Treasury, bringing in £930m in 2021-22. It means a basic rate tax payer who receives £5,000 in dividends will have to pay an extra £225 tax from April 2018. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
....What a good question. Some economists argue that low tax rates in fact lead to higher tax revenues, as tax payers become less inclined to dodge the tax in the first place. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
.... . The reduction in the allowance will increase the income tax payable on dividends for basic, higher and additional rate tax payers by £225, £975 and £1,143 respectively, according to experts. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....That could steadily decline into a loss of £218 in the 2020/21 tax year. Higher rate tax payers, especially those with significant levels of mortgage debt and a large portfolio, could be hardest hit. ...
New Lifetime ISA launched in April: Should you use it to boost retirement savings?  image
.... It's feared workers could spurn existing pension schemes that hold a number of benefits for long-term savers. At the moment basic rate tax payers ALREADY get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
Save on tax: 10 ways to - legally - cut what you pay to HMRC  image
Source : Daily Express [Read Article] Sunday 8th of January 2017 04:33:00 PM
.... Couples should make sure the most of the breaks. The marriage allowance means a low-earning spouse can transfer up to £1,100 of unused allowance to their partner - as long as they are not a higher rate tax payer. ...
Nearly 3m UK couples missing out on free tax break image
Source : Guardian [Read Article] Sunday 8th of January 2017 12:44:56 PM
....2 million people it calculates as eligible. Millions of people who have taken early retirement, a career break, extended parenting leave, or who work part-time can transfer the allowance as long as their partner is a basic rate tax payer earning between £11,000 and £43,000 a year. ...
Italy approves bailout for Monte dei Paschi image
Source : BBC [Read Article] Friday 23rd of December 2016 01:12:18 AM
....A state bailout risks losses for thousands of ordinary retail investors, who are estimated to hold some €2bn of Monte dei Paschi's bonds. However, the government will need to stick to new European Union rules designed to stop tax payers bearing the brunt of supporting weak banks. ...
State rescue looms for Monte dei Paschi image
Source : BBC [Read Article] Thursday 22nd of December 2016 09:25:10 AM
.... . However the government would need to adhere to new European Union rules designed to prevent the tax payer bearing the brunt of supporting weak banks. ...
Monte Dei Paschi bailout: what you need to know – the Guardian briefing image
....Under new EU rules, government funds cannot inject money into banks if bond holders have not taken losses first. The move is intended to avoid a re-run of the tax payer bailouts of 2008 but was targeted at major City investors. ...
HMRC chief calls for tax crackdown on Premier League footballers image
Source : Guardian [Read Article] Wednesday 7th of December 2016 08:08:13 PM
....Tax bosses were giving evidence to MPs after the National Audit Office last month published a detailed assessment of how thorough tax inspectors deal with the super-rich. Several MPs questioned why tax inspectors assigned to super-rich tax payers were known as “customer relationship managers”, and why, in some cases, wealthy individuals received only “suspended fines” rather than hard financial penalties. ...
Setback for RBS in sale of 315 branches image
Source : BBC [Read Article] Tuesday 20th of September 2016 08:13:32 PM
....Once again RBS is in a tough spot. It is legally required to sell 315 branches by the end of next year to satisfy EU rules on state aid after the tax payer funded a £45bn rescue in 2008. ...
Councils too quick to send in bailiffs, says Citizens Advice image
Source : BBC [Read Article] Thursday 7th of July 2016 11:21:31 PM
....A local government spokesperson said councils do their best to protect such people, but they need to collect tax. In many cases, council tax payers who miss a monthly payment are then required to pay the whole of the remaining cost for the year in one go. ...
Minister tells schools to ignore high court ruling on term-time holidays image
....On Facebook, Platt was quick to express his displeasure at the news: “UNBELIEVABLE!! The Isle of Wight council, apparently on the Instructions of the DfE, have JUST announced a few minutes ago an appeal to the Supreme Court, the highest court in the land! This is absolutely outrageous. A HUGE waste of tax payers money on an issue that is beyond any doubt. ...
Panama Papers inquiry expected to call George Osborne as witness image
Source : Guardian [Read Article] Wednesday 1st of June 2016 06:20:41 PM
.... It claims that the losses from money laundering are on a “huge scale”. The draft mandate states: “Moral hazard that arises from situations where some tax payers contribute all tax payments which are foreseen by tax legislation, while others can abuse loopholes of the different tax systems undermines citizens’ trust in the democratic system. ...
HMRC 'not doing enough' to tackle fraud image
Source : BBC [Read Article] Thursday 14th of April 2016 11:03:30 PM
....Labour MP Meg Hillier, the chair of the PAC, told BBC Radio 4's Today programme that HMRC "could clearly be doing more" with "the right resources". "We have long felt that there should be more prosecutions because we think that sends a signal to the honest tax payer who is sweating over their tax returns and also a warning shot to those who are thinking about being fraudulent," she said. ...
Buy-to-let lending up 60% ahead of stamp duty changes image
Source : Guardian [Read Article] Wednesday 13th of April 2016 12:41:23 PM
....David Whittaker, managing director of Mortgages for Business, a broker which focuses on buy-to-let loans, said he expected figures for March to also show strong lending to investors buying ahead of the stamp duty change. “Over the next few months, I am expecting the buy-to-let market to quieten down somewhat as landlords take time to factor in the cost of the new stamp duty levy and, perhaps more importantly, work out new investment strategies to manage the forthcoming relief restrictions being imposed on individual higher rate tax payers,” he said. ...
Nine out of ten savers will NOT pay tax from today - are you one of them? image
Source : Daily Express [Read Article] Wednesday 6th of April 2016 03:55:00 PM
. Up to £1,000 of cash held by basic-rate tax payers outside of an ISA can generate tax-free interest, with the allowance set at £500 for higher-rate tax payers. ...
The 10 changes you need to know about for the new tax year image
Source : Daily Express [Read Article] Friday 1st of April 2016 06:19:00 PM
....5. Changes to dividend taxes Basic-rate tax payers were previously not required to pay tax on dividends - but that has changed. ...
Nicola Sturgeon backtracks on 50p rate of income tax image
Source : Guardian [Read Article] Thursday 24th of March 2016 09:29:53 PM
....The first minister insisted that she had rejected a 50p top rate because Scottish government analysis suggested it would lead to a flight out of Scotland by business executives. If only 6% of Scotland’s 17,000 additional rate tax payers left Scotland, a 50p rate would raise nothing extra at all; if 7% left, Holyrood would lose £30m in revenues. ...
Bracket creep might be all the rage but the tax statistics tell a different story | Greg Jericho image
.... The average net rental loss in 2013-14 was the lower than any year since 2002-03. The annual release of data also revealed that while more people have shifted into the top two tax brackets, three quarters of tax payers earn less than $80,000, and that 52 millionaires were able to reduce their taxable income so much, they ended up paying no tax at all (well, strictly speaking it was 51 millionaires - the 52nd paid the grand total of $4 in gross tax). ...
Budget 2016: Budget sweetener for small firms   image
Source : Daily Express [Read Article] Thursday 17th of March 2016 12:01:00 AM
....”. The reduction in capital gains tax to 20 per cent for higher rate tax payers will also encourage investors and entrepreneurs. ...
Budget 2016: the productivity and prosperity puzzle image
Source : BBC [Read Article] Wednesday 16th of March 2016 09:39:43 PM
....It wasn't so much "here's a rabbit from the hat" but more: "look over there - a squirrel!". So, with some nasty new forecasts, and without big changes in the near-term tax and spending totals, George Osborne opted to look busy - taking from bigger business and particularly the soft drink firms that put sugar into their fizz, while giving to smaller business, savers and higher rate income tax payers. ...
REVEALED: How signing up to George Osborne's Lifetime ISA could cost YOU money image
Source : Daily Express [Read Article] Wednesday 16th of March 2016 05:43:00 PM
.... Contributions to the account can only be made until a saver is 50. But at the moment basic rate tax payers ALREADY get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
George Osborne accused of hitting most vulnerable with tax plans image
Source : Guardian [Read Article] Saturday 12th of March 2016 08:39:53 PM
....8bn a year by the Treasury’s own estimate. It wouldn’t affect pension tax relief and the impact on individuals would be marginal, particularly his heartland of voters – higher-rate tax payers. ...
Under cover of storm clouds, Osborne plans stealth tax subterfuge image
Source : Guardian [Read Article] Sunday 28th of February 2016 01:02:34 PM
....The IFS has warned against rises in council tax without root-and-branch reform because it regressively targets poorer households, leaving those in expensive homes to pay proportionately less. Few council tax payers in low-value homes realise how the failure to reassess house values since the early 1990s has worked against them, leaving increases in the tax to do their redistributive worst by stealth, and better still, at arm’s-length from the Treasury. ...
Osborne could spark intergenerational WAR by axing pension perks for today's workers  image
.... Now the Chancellor could be about to make things even tougher for savers by scrapping the tax-free 25 per cent lump sum of savings that can be taken at retirement. Mr Osborne is also expected to introduce a flat-rate of tax relief of around 30 per cent, replacing the current system where tax payers benefit in line with the rate of income tax they pay. ...
Safety check: Are our banks now safe? image
Source : BBC [Read Article] Monday 15th of February 2016 12:38:09 PM
.... . The consequence was that the ordinary tax payer, many of whom have probably never had a bonus in their life, had to bail out the banks and the bankers with hundreds of billions of pounds, most of it borrowed. ...
The EU is finished if it doesn't allow Italy to fix its banks image
Source : Telegraph [Read Article] Saturday 13th of February 2016 07:52:01 PM
.... . Happily, it also has the potential to save the Exchequer lots of money; as things stand, the great bulk of the £50bn of annual pension tax reliefs goes to higher rate tax payers. ...
'Where can my grandson put his £2,378 for the best return?' image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 04:13:21 PM
.... . The allowance means basic-rate tax payers will not need to pay tax on the first £1,000 of interest - higher-rate taxpayers will have a £500 allowance. ...
 A flat rate of pension tax relief will be 'economically incoherent' image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 05:15:56 PM
.... . Higher rate tax payers may end up paying tax at 40 per cent tax on their earnings, making a pension contribution that will receive a 30 per cent top up and then be taxed at 40 per cent again on the pension they receive. ...
Five-minute guide to: Completing your self assessment tax return  image
Source : Daily Express [Read Article] Sunday 17th of January 2016 12:01:00 AM
....”. If you make pension contributions you automatically get 20 per cent tax relief, but Riches says you may have to claim any higher-rate tax relief yourself: “An estimated 180,000 higher rate tax payers forget to claim full tax relief losing £200million a year. ...
Tube drivers considering strike action image
Source : BBC [Read Article] Sunday 10th of January 2016 01:27:31 PM
...."This total protection of work-life balance is precisely what Aslef leaders asked for, so it is astonishing that they are now once again threatening strike action. "The truth is that they are making excessive demands for more money, fewer hours and a four-day week and expect fare and tax payers to pick up the bill," he said. ...
'Will my Isa earnings count towards the Personal Savings Allowance?' image
Source : Telegraph [Read Article] Thursday 7th of January 2016 11:56:44 AM
.... If it was earning any more than 0. 82pc a higher rate tax payer would exceed their smaller £500 allowance. ...
'How will tax be applied if I exceed the new Personal Savings Allowance?' image
Source : Telegraph [Read Article] Thursday 31st of December 2015 11:29:08 AM
.... . Under the new allowance, basic rate taxpayers will be able to earn £1,000 in savings interest tax free, while higher rate tax payers will receive a £500 allowance. ...
Sleeper trains halted by strike image
Source : BBC [Read Article] Tuesday 22nd of December 2015 07:57:04 AM
....He added: "Our members have been unhappy with Serco's management of the iconic service from Scotland to London since the very early days of them taking on this 15-year franchise. This is yet another example of Serco winning public sector contracts and failing to deliver for the tax payer, passengers and staff. ...
Tackling corporate tax avoidance is an alternative to EU austerity image
Source : Guardian [Read Article] Tuesday 15th of December 2015 05:00:31 AM
....The challenge to the commission on this point is this: will it evidence its belief in the economic theory of free markets, which requires that this data be made available, or will it support the companies that want to withhold this data from the public to preserve their opportunity to avoid taxes?. Other demands the parliament is making are almost as important, including its call for the creation of a Europe-wide “fair tax payer label”. ...
Why do many Americans mistrust the Federal Reserve? image
Source : BBC [Read Article] Tuesday 15th of December 2015 12:31:49 AM
...."The public doesn't think the government should be in the business of bailing out banks," he says. Politicians on both sides of the aisle have criticised the bailout, saying it helped banks at the expense of the American tax payer. ...
Personal tax accounts launched by HMRC image
Source : BBC [Read Article] Monday 14th of December 2015 12:58:33 PM
....Two million businesses are already using the new system. The government says one advantage of the new digital tax accounts is that they should stop the build up of tax due, or refunds owed, at the end of each financial year, with no more surprises or shocks for tax payers. ...
Dividend tax raid: what can expats do? image
Source : Telegraph [Read Article] Tuesday 8th of December 2015 10:10:24 AM
.... Many British expats have share portfolios which they set up with UK banks or stockbrokers before they left the UK or while they were abroad due to the more familiar regulatory regime back home. Typically, these investors have fallen into the non-tax payer or basic-rate payer brackets and, as a result, have not had to pay any further tax on their dividend income in the past. ...
City News: Clyde & Co, Merlin Entertainments, Nationwide image
Source : Daily Express [Read Article] Monday 30th of November 2015 09:18:00 AM
....1 million of the 4. 47 higher rate tax payers were women, said the report, which noted initiatives have been launched to try to tackle the gender pay gap, such as requiring firms to publish any differences in pay. ...
Why wealthy savers could be told to do a tax return from next year image
Source : Telegraph [Read Article] Thursday 26th of November 2015 09:04:52 AM
.... The new personal savings allowance that takes effect in April means basic-rate taxpayers will receive a £1,000 tax free allowance on non-Isa savings. Higher-rate tax payers will be able to earn £500 before there is tax to pay. ...
UK scraps £1bn carbon capture and storage competition image
Source : Telegraph [Read Article] Wednesday 25th of November 2015 04:58:12 PM
.... "CCS has the potential to halve the costs of decarbonising the UK economy by 2050, which amounts to £32bn a year by 2050. In choosing to save a relatively small sum of tax payer money in 2015, government is unnecessarily committing vast amount of future energy consumers’ money. ...
Jim Slater: A warning from the 1970s image
Source : BBC [Read Article] Friday 20th of November 2015 12:03:55 PM
.... . The Bank of England had to step in and bail it out with £110m, a huge sum at the time, causing many to complain that while British manufacturing companies were allowed to go bust with hardly a murmur there was endless tax payer money available to save a very badly run and obviously under-regulated bank. ...
Nottingham Building Society ups easy access savings rate to 1.52pc for all  image
Source : Telegraph [Read Article] Friday 13th of November 2015 09:43:59 AM
....22pc net for a basic-rate taxpayer and 0. 91pc for a higher-rate tax payer. ...
George Osborne has reached the point where his cuts can no longer be denied or defended | Aditya Chakrabortty image
.... As Gary Porter, Conservative chair of the Local Government Association argues, local councils like his own have already made all the back-office savings they can. What’s left to cut now are the basics, the things council-tax payers will notice: bin collection, street cleaning, the maintenance of parks. ...
Source : Reuters [Read Article] Tuesday 6th of October 2015 09:16:13 AM
....Currently basic rate taxpayers get 20 percent tax relief when they save for a pension, while higher earners benefit from a 40-45 percent tax relief. Almost 50 billion pounds in tax was lost in paying for pension tax relief in 2013-14, L&G said in a statement, citing figures from Britain's finance ministry, with 30 billion pounds benefiting higher rate tax payers. ...
'What's the best way to give my £100,000 pension to my kids?' image
Source : Telegraph [Read Article] Friday 2nd of October 2015 09:42:32 AM
.... . If you are a higher rate tax payer this would result in a tax charge of £30,000, so only £70,000 could be gifted. ...
Union talks over Redcar steel plant image
Source : BBC [Read Article] Tuesday 29th of September 2015 06:31:51 AM
....But James Wharton, Conservative MP for Stockton South and Minister for Local Growth and the Northern Powerhouse ruled out re-nationalisation. "An industry which has made a loss over each of the last three years would pass that responsibility to the tax payer," he said. ...
'Can I take advantage of next year's new Personal Savings Allowance today?' image
Source : Telegraph [Read Article] Monday 28th of September 2015 03:22:18 PM
.... It would mean that for those who pay basic rate tax (less than £42,700 a year) won’t have any interest charged on the first £1,000 of savings. Higher rate tax payers are still entitled to the Personal Savings Allowance, but it’s £500. ...
1,700 jobs go as steel plant mothballed image
Source : BBC [Read Article] Monday 28th of September 2015 09:39:50 AM
....But Conservative MP James Wharton, who is the Minister for Local Growth and the Northern Powerhouse, rejected a call for the plant to be renationalised. He said: "An industry which has made a loss over each of the last three years would pass that responsibility to the tax payer. ...
Meet the unhappy billionaire: Does money ensure happiness? image
Source : Telegraph [Read Article] Saturday 5th of September 2015 05:00:22 AM
.... . As the 62-year-old self-made man, sometimes referred to (often by himself) as “Britain’s biggest tax payer”, showed her the ballroom, studded with crystal chandeliers, he confided that, on the happiness scale, he sometimes feels more one or two out of ten than the full house. ...
Sainsbury's to raise staff pay image
Source : BBC [Read Article] Wednesday 26th of August 2015 11:23:29 PM
....Sainsbury's chief executive Mike Coupe praised the hard work and dedication of his staff. Mr Coupe also said the company was one of the biggest tax payers in the UK. ...
'How should I invest £20,000 left to each grandchild?' image
Source : Telegraph [Read Article] Friday 21st of August 2015 08:58:34 AM
.... Taxation is an added complication to any trust investment decision, however. As a general rule it is best to avoid accumulating dividend income, particularly where beneficiaries are non or basic-rate tax payers, because the trustees pay tax at 45pc. ...
The biggest pensions shake-up in a century: how will it affect you? image
Source : Telegraph [Read Article] Saturday 25th of July 2015 05:57:58 AM
.... Under the current system you pay £120 into a pension and get £30 paid in by the Government, making a gross contribution of £150. As a higher rate tax payer, you get a further £50 offset against your tax bill via your tax return. ...
Dividends hit record high for London investors image
Source : Telegraph [Read Article] Sunday 19th of July 2015 11:01:17 PM
.... . “The changes announced in the Budget also give pause for thought next year, bringing benefit to many small-scale investors, yet impacting higher rate tax payers and those with larger portfolios,” said Justin Cooper, chief executive of shareholder solutions at Capita. ...
New dividend tax: How it works and how to avoid it image
Source : Daily Express [Read Article] Thursday 9th of July 2015 05:35:00 PM
....5billion out of investor's income through tax. At the moment basic-rate tax payers are not required to pay tax on dividends. ...
Budget 2015: Small business owners hit by £7bn dividend tax raid image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 08:23:13 PM
.... . Small business owners who are top rate tax payers currently have the option of growing their business and paying themselves dividend income at a 30. ...
Greece debt crisis: European Commission's Valdis Dombrovskis says No vote 'widens the gap between Greece and other eurozone countries' image
.... . Europe has, he added, “been on the side of the Greek people throughout the crisis” and that European tax payers have “offered unprecedented financial assistance”. ...
What does the taxman know about you, your finances and your lifestyle? image
Source : Telegraph [Read Article] Thursday 25th of June 2015 07:31:32 AM
.... George Bull, a partner at rival accountant Baker Tilly, made a more philosophical comment. "We are seeing the shift of responsibility from the tax collector to the tax payer," he said. ...
London cabbies in Uber tax campaign image
Source : BBC [Read Article] Thursday 11th of June 2015 11:38:02 AM
.... . "The irony is that UK tax payers are subsidising Uber, a company that pays no tax in the UK, through tax credits and other DWP (Department of Work and Pensions) benefits paid to Uber drivers earning less than minimum wage. ...
'Pay bankers like civil servants' image
Source : BBC [Read Article] Monday 18th of May 2015 11:53:43 PM
...." . The chief executive of the British Bankers' Association (BBA), Anthony Browne, told BBC Radio 4's Today programme: "I think these proposals are great at generating publicity for Steve Hilton's book, but if any government were to take them seriously they would cause catastrophic damage to what is still a leading sector of the UK economy and the biggest exporter and one of our biggest tax payers. ...
General Election 2015: How you vote next week could affect your finances image
Source : Independent [Read Article] Thursday 30th of April 2015 06:30:00 PM
.... "However, that doesn't address the issue that a person starts to lose their entitlement to child benefit at £50,000," warns Mr Shah. Married people certainly have a financial reason to favour the Tories: the party has promised to retain the transferable tax allowance which allows married couples to transfer £1,060 of their personal allowance, where neither individual is a higher rate tax payer. ...
Households 'to expect lower incomes' image
Source : BBC [Read Article] Tuesday 28th of April 2015 11:35:38 AM
....But Labour's plans to introduce a 10% starting rate for income tax also came in for criticism. The IFS said this change would be worth a "princely" 50 pence a week to most tax payers. ...

Page rendered in 1.8757 seconds.