Cameron May Raise Tax Allowance to £10,500 So You Like Him More

"What a horrible man," people say, unless he hands us all a nice tax break, in which case have all of our votes, Dave. That's how David Cameron thinks you think anyway, with the PM and chum George Osborne said to be planning to announce a significant rise in the basic tax allowance so we forget about the bad things and vote him in again. Read More >>

HMRC Bins Plan to Tax Bitcoin Transactions

The UK may soon emerge as one of the world's bitcoin safe havens, after tax inspector HMRC revealed it's giving up on its plan to add 20 per cent VAT to transactions made in the virtual money. Read More >>

Today is Tax Return Deadline Day (But You May be Eligible for an Extension)

Unless you want to fancy footing a hefty £100 fine from HMRC, today is your last chance to fill in your tax return online. Apparently there are 1.5 million people yet to fill out their returns (though some have been granted an 11th-hour reprieve till February 15th). Consider yourself warned. [HMRC] Read More >>

Goldfish Death and Volcano Obsession Blamed for Late Tax Returns

In case you needed reminding, it's nearly tax return deadline day. And to get the nation in the mood for the tedious act of working out how much money to willingly give the government, HMRC has released its ten stupidest reasons for late tax returns. Even the government is doing list features these days. Read More >>

Taxman "Snooped" on 14,400 Taxpayer Communications Last Year

Here's an odd fact. HMRC has the right to monitor what websites you use, see where and when phone calls were placed and know the date and time of your emails. And it made over 14,000 of these snooping requests last year. Read More >>

Olympic Torch Tax Will Get the UK's Economy Back on Track

All those people currently jogging around the country as part of the national advert for the Olympics have popped up on the HMRC's radar, with the UK's tax inspector warning potential torch eBayers that they're liable to tax on the proceeds. Read More >>


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