Personal tax

Changes to pensions tax relief for higher earners could be counterproductive, it has been claimed.

Taxes may have to rise by significant amounts if the UK’s public finances are to return to balance in the timescale outlined by the Chancellor, a think tank has claimed.

HM Revenue and Customs (HMRC) has warned taxpayers to be on their guard against fraudulent emails promising them a tax rebate.

An enabling clause should give taxpayers a greater stake in the planned Tax Charter.

People who earn more than £150,000 will get 50 per cent tax relief on the contributions they make to their pensions for one year.

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