The Treasury has published tables of income tax rates and allowances, NIC rates and limits, and tax credits rates and thresholds for the tax year 2011/12.
The Government believes that few individuals will incur tax charges as a result of exceeding the annual allowance for tax-privileged pension saving, said Mark Hoban, Financial Secretary to the Treasury.
Form P85(S), intended for foreign nationals, should no longer be used by individuals claiming a tax refund on leaving the UK following completion of a work assignment here, HMRC said. Form P85 should be used instead.
John Cassidy on the clarifications to the LDF
Tax agents are being asked to complete a short survey on the filing of individuals’ self assessment returns.
Details of a new Pensions Industry Stakeholder Forum, set up to help HMRC better manage its relationship with stakeholders and representative bodies, are set out in issue 42 of HMRC’s Pension Schemes Newsletter.
Sarah Gabbai and Tony Stitt look at the current situation regarding the taxation of offshore funds
HMRC and the Liechtenstein Government have signed a second joint declaration concerning HMRC’s five-year Liechtenstein Disclosure Facility (LDF) for people who have undeclared UK tax liabilities.
A new tax-free savings account for children is expected to be available by Autumn 2011.
Andrew Lines looks at capital taxes from the shareholders' perspective when selling a company