Feb 18, 2022 | Personal Tax
Around 100,000 self-assessment taxpayers have set up payment plans to split the cost of their tax bills into monthly instalments in 2021/22. Individuals have paid over £310 million in manageable instalments using time-to-pay arrangements since April 2021. The online...
Feb 17, 2022 | Personal Tax
Fewer than one in five people in Great Britain think inheritance tax is fair, according to research by NFU Mutual. Only 18% of 2,100 respondents polled by the rural insurer think inheritance tax is fair, compared to 57% who think it is unfair. Inheritance tax is...
Feb 14, 2022 | Personal Tax
HMRC is using Valentine's Day to remind married couples and civil partnerships they may be able to share their personal tax allowances to reduce their tax bills. Spouses and civil partners can sign up to the marriage allowance if one partner's income is under the...
Feb 10, 2022 | Personal Tax
The Government is being urged to reform motoring taxation or face an "under-resourced and congested future". MPs on the Transport Committee said green policies could cause revenue from motoring taxes to fall to zero by 2040. In a report on road pricing, the Committee...
Feb 3, 2022 | Personal Tax
The average household will pay £1.1 million in direct and indirect taxes over a lifetime, new research suggests. According to the Taxpayer's Alliance, a household that works for 40 years, retires for 15 and is on the average income of £60,194 would need 18 years to...
