Personal tax

Draft legislation that will see the devolution of tax powers to Scotland has been published by the UK government.

Men are more likely to miss the deadline for tax returns, research by HMRC has revealed.

Individuals should be able to earn up to £10,000 a year tax-free by sharing their time or resources, the Institute of Directors has said.

Thousands of people could be pushed into the higher rate tax bracket if they take advantage of the new pension freedoms from April 2015, research by MGM Advantage has found.

The 55% tax charge on inherited pensions will be abolished from April 2015, the Chancellor George Osborne has announced.

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