Business news

Tax summaries go online - 23 March 2015

More than eight million taxpayers who filed their 2013-14 tax return electronically by the 31 January deadline can now access their tax summary online. The summaries set out how much tax and national insurance each person paid in the tax

Marriage allowance comes a step closer - 23 March 2015

Married couples and civil partners can now register to receive a new tax break. The government opened online registration for the marriage allowance, which will help to save couples up to £212 a year, on 20 February. It says that

NMW set to rise to £6.70 - 23 March 2015

The Low Pay Commission has recommended that the adult national minimum wage (NMW) rate should increase to £6.70 an hour from October 2015. If its recommendations are accepted by the government, the three per cent rise from its current level

Charities offered new web service - 23 March 2015

Charities can now register their details online with HM Revenue & Customs (HMRC). The digital service allows new charities to register their details with HMRC for tax purposes. It includes checks and guidance to help organisations provide the right information

‘Pot follows member’ to start in 2016 - 23 March 2015

A new system to stop workers losing small pension pots as they move from job to job is set to be launched next year. Under the initiative, due to take effect from autumn 2016, workers will initially be offered the

Taxpayers urged to challenge error penalties - 23 March 2015

Taxpayers who filed returns by the self assessment deadline of 31 January, but who made a mistake on their forms, could be facing a demand from HM Revenue & Customs (HMRC) for an inaccuracy penalty, tax campaigners have warned. The

Webb calls for pensions tax relief reform - 23 March 2015

Pensions Minister Steve Webb has called for a 33 per cent flat rate to be introduced for pensions tax relief, replacing the 40 and 45 per cent rates for higher earners. Mr Webb was speaking at an 11 February event