21 May 12
The average standard VAT rates in the European Union's 27 countries have risen dramatically since 2008, a new report into taxation trends by the European Commission has found.
21 May 12
A new single income tax rate of 30 per cent should replace and abolish eight different taxes, a report by a Government think tank has said.
15 May 12
Individuals receiving compensation for mis-sold payment protection insurance (PPI) are unaware they may be liable to pay tax on awarded payments, after HMRC clarified its position on PPI and taxation.
14 May 12
HMRC has confirmed that more than three million tax refunds are to be sent out as of next week - two months earlier than previous years - due to an earlier review of the amount of tax paid for 2011/12 via the Pay As You Earn (PAYE) system.
11 May 12
HMRC has come under fire over the release of new guidance for contractors and freelancers on the complex tax legislation IR35.
