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HMRC targets second home sellers
Filed under: TaxThe taxman has launched a new campaign aimed at raising cash from those who have not paid Capital Gains Tax on the sale of their second home. HM Revenue & Customs (HMRC) has...
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Clegg to face mansion tax challenge
Filed under: Tax Labour will challenge Nick Clegg to back the introduction of a mansion tax in a Commons vote next week. The Opposition has called a debate on Tuesday on the policy - long favoured by...
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Council Tax Reduction schemes: what you need to know
Filed under: Tax As part of the Council Tax changes from April Council Tax Reduction schemes will replace Council Tax Benefit. More people will have to pay Council Tax, but with many unable to,...
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No Lib Dem revolt on mansion tax
Filed under: Tax The Liberal Democrats have averted a potential Commons embarrassment and announced they will not vote with Labour in favour of a mansion tax. Business Secretary Vince Cable - who...
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Fatty tax is gonna get you
Filed under: TaxIf the mammoth adverts for a well-known soft drink are anything to go by, the junk food manufacturers must be genuinely worried about the government's idea for a 'fat tax'. Now I'm not...
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Forces exempt from 'bedroom tax'
Filed under: Tax Foster carers and parents of serving armed forces personnel will be exempted from welfare deductions if they have spare rooms, Work and Pensions Secretary Iain Duncan Smith has...
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Public 'deceived' on tax avoidance
Filed under: Tax The Treasury has allowed voters to wrongly believe that a key anti-tax avoidance measure will force multinationals like Starbucks and Amazon to pay up, peers complained. A House of...
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UK taxpayers waste £4.6 billion in unnecessary tax
Filed under: Tax Most Brits are firmly opposed to the idea of dodging our taxes. But according to new figures we may be taking our commitment to the tax man just a bit too far. We're not just paying...
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Trial leads to tax office closures
Filed under: Tax Revenue and Customs is to trial a new service for 1.5 million people who need extra help with their tax affairs which will lead to the closure of a number of offices. HMRC said...
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Balls backs emergency tax cut calls
Filed under: Tax Ed Balls has joined calls for emergency tax cuts in next week's Budget - saying Labour would applaud a cut in the basic rate of income tax to stimulate growth. Chancellor George...
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Tax policies 'hit poorest hardest'
Filed under: Tax The poorest households are the biggest losers from the Government's tax policies, according to a union study. The TUC said that by the time of the next general election, low-paid...
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Tax: spirit of the law vs letter of the law
Filed under: Tax The letter of law is easy to understand and live by; UK laws are there in black and white for us all to follow and mean the majority of us don't steal or go joy riding. However, when...
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Budget brings tax hike for 800,000 people
Filed under: Tax As ever with the Budget, it's not just what George Osborne said that will hit our pockets, but what he didn't. While he was sharing the great news of a raising of the personal tax...
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Warning on tax system 'instability'
Filed under: Tax Changes in the Budget have brought the total number of tax rises since the coalition Government came to power up to 413, a low-tax pressure group has said. The TaxPayers' Alliance said...
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Tax and benefits changes 2013/14
Filed under: Tax Budget 2013 has been delivered. We've already looked at the speech and the small print. Yet many of the changes announced won't happen for a year or more. But several significant...
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Fresh blow for UK credit rating
Filed under: Tax The UK's credit rating has suffered a fresh blow after a major agency placed it on watch for a downgrade. Fitch warned the country faced a negative outlook days after Chancellor George...
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Taxpayer gets £4bn back over banks
Filed under: Tax The state-owned firm responsible for winding down the mortgage books of failed lenders Bradford & Bingley and Northern Rock increased its repayments to the Treasury by £1.2 billion...
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Police 'wasting cash' on equipment
Filed under: Tax Police forces are wasting time and money by over-complicating the purchase of the most common of items, such as high visibility vests, the spending watchdog says. Forces have not...
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Council tax bills set to rise 0.8%
Filed under: TaxCouncil tax bills will rise by a below-inflation average of 0.8% across England this year, the Department for Communities and Local Government announced. But a third of councils have...
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'Millions' facing council tax hike
Filed under: Tax Around 2.4 million poor families face an average hike in their council tax bills of £138 next week, according to an anti-poverty charity. Research for the Joseph Rowntree Foundation...
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