Business and Tax News - Tax

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November 5th 2024
Tax Week 31
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TAX - NEWS

Tax Reliefs Reduce Your Tax Bill But Treasury Is Looking For Cuts

PERSONAL TAX

Tax Reliefs Reduce Your Tax Bill But Treasury Is Looking For Cuts

Near 1,200 tax reliefs exist, but around 360 are reliefs that are part of policy, part of those cost around £155 billion a year and many could be altered or removed.
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One Million Tax Returns Missed The Deadline

TAX RETURN

One Million Tax Returns Missed The Deadline

8 percent of tax returns missed the 31st January submission deadline, giving HMRC an additional 100 million in fines.
Scottish Taxpayers Pay 11 Billion Pounds In Income Tax

PERSONAL TAX

Scottish Taxpayers Pay 11 Billion Pounds In Income Tax

31 million taxpayers in the UK liable to income tax from employment, 2.5 million of which pay Scottish rates of tax.

TAX RETURN

5 Days To Tax Return Deadline

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