Personal tax

The latest rise in fuel duty, which sees 2p added to the cost of a litre, has come into effect.

HM Revenue and Customs (HMRC) has argued that the interest due on late inheritance tax payments is part of a new system that is fairer for customers.

Over 300 banks and financial institutions will be obliged to hand over details of their customers’ offshore accounts to the tax authorities.

Criminals are making fraudulent claims for refunds in a new scam aimed at online self-assessment tax returns.

The latest campaign by HM Revenue and Customs (HMRC) designed to encourage people with undeclared funds in offshore accounts to disclose their tax liabilities should be extended.

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