Tax data

Tax / Covid-19 spurs working from home tax relief claims

With up to £124 a year available as tax relief, it is perhaps not surprising that some 54,800 working from home tax relief claims were made through HMRC’s new online portal in the first 11 days of operation, writes Philip Smith

Tax / Wales raises £300m in Tax Revenue

The Welsh Revenue Authority (WRA) reported £300m tax raised during the last financial year in its annual report, this is the first time the national revenue raising body has reported on delivery against its Corporate Plan 2019 to 2022

Tax / Surrey’s stockbroker belt is UK income tax hotspot

The ‘stockbroker belt’ dominates the ranking of the UK’s top ten towns with the biggest income tax bills, with taxpayers in these areas paying triple the UK average, according to research by UHY Hacker Young

Tax / Inheritance tax receipts drop for first time in 10 years

Inheritance tax receipts (IHT) have dipped for the first time in a decade, reversing a long term trend, and prompting renewed calls for a change to the regime

Tax / Tax gap of £31bn shows downwards trend

The tax gap, which is the difference between tax that should be paid and what is actually paid, has fallen to 4.7%, its lowest recorded rate, according to HMRC estimates

Tax / Super rich earners receive a sixth of all UK income

The UK’s top 1% of the ‘super rich’ received a far greater, and faster growing, share of the nation’s income pre-crisis than previously thought, if capital gains are included in official statistics, according to new research

Tax / Tax data: CGT data, HMRC rates of interest - Mar 2020

Download the RPI index for March 2020, CGT indexation allowance, HMRC rates of interest, plus stamp duty rates for all parts of the UK

Tax / Tax data: CGT data, HMRC rates of interest - Feb 2020

Download the RPI index for December 2019, CGT indexation allowance, HMRC rates of interest, plus stamp duty rates for all parts of the UK

Tax / HMRC penalties hit £816m for late payment

Fines issued by HMRC have surged in value by nearly a third in the past three years, rising significantly faster than the amount of tax collected

Tax / 5.4m yet to submit tax returns

The clock is ticking on 5.4m taxpayers who have less than a month to complete their self assessment tax returns by 31 January, with risks of tough penalties for anyone who has breached the high income child benefit charge (HICBC) £50k limit

Tax / Tax data: CGT data, HMRC rates of interest - Jan 2020

Download the RPI index for November 2019, CGT indexation allowance, HMRC rates of interest, plus SDLT rates for all parts of the UK

Tax / OECD countries’ tax revenues flatten out

Tax revenues in advanced economies reached a plateau during 2018, ending the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis, according to the OECD’s latest research

Tax / Tax data: CGT data, HMRC rates of interest - Dec 2019

Download the current HMRC CGT indexation allowance unchanged since December 2017, RPI index for October 2019, HMRC rates of interest, and property tax rates including SDLT, Scottish LBTT and Welsh LTT

Tax / UK taxes highest since 1950s

Taxes are high by historical standards accounting for over a third of GDP at 34.4%, increasing almost 7% from the 1950s

Tax / Tax data: CGT data, HMRC rates of interest - Nov 2019

Download the current HMRC CGT indexation allowance unchanged since December 2017, RPI index for September 2019, HMRC rates of interest, and property tax rates including SDLT, Scottish LBTT and Welsh LTT
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