Personal tax

The 3% higher rate stamp duty land tax on second homes and buy-to-lets coming into effect 1 April 2016 could adversely impact parents buying jointly with their children to help them into the housing market.

Taxpayers will have difficulty understanding the tax-free savings allowance which is being introduced from 6 April 2016, according to the Low Incomes Tax Reform Group.

Peer-to-peer lending growth reached more than £2.2 billion in 2015, according to figures by Peer-to-Peer Finance Association.

The number of people being declared insolvent was at its lowest level for a decade, according to the Insolvency Service show.

The number of people submitting their self-assessment tax return online on new year's eve rose to 24,546.

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