HM Revenue & Customs (HMRC) is warning taxpayers not to fall victim to ‘phishing’ emails sent out by fraudsters in the run-up to the self-assessment deadline of 31 January. The email tells the recipient they are due a tax rebate, and provides a link to a clone of HMRC’s website where the recipient is asked [...]
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£368 million in penalties due on tax forms
Last year, taxpayers faced an estimated £368 million in fines due to late returns, incorrectly filled in forms and surcharges for late payment of tax from previous years. With the self-assessment tax return deadline only weeks away, research from unbiased.co.uk, the professional advice website, warns that consumers could be facing large penalties by not following [...]
Britons are most likely to turn to friends and family for financial advice – but those who use independent advice recommend it
- 43% of people look to friends or family for help with decisions about their finances
- 95% of people who have visited an IFA feel they have benefited from the experience
10 million Brits can’t find a single reason to recommend their bank
- Over a third say excessive bonuses and profits mean they won't refer a friend
- Two in five dissatisfied or disaffected with their bank
- Nearly two thirds of people crave a bank that shares their values
Taxpayers could be fined over £442 million for late or wrongly completed self-assessment forms this year
- 31 January tax deadline for online self-assessment forms is only weeks away
- Taxpayers could be fined £12 million more than they were last year due to late returns and incorrectly filled in forms, combined with an increase in the number of taxpayers who are…
Unbiased.co.uk urges consumers to look for ‘independence’ when it comes to financial advice
- Unbiased.co.uk fulfils 500,000 consumer enquiries for independent financial advice every year
- Retirement planning is the most popular trigger for people to seek independent financial advice over the last 12 months
- Ahead of Financial Planning Week,…
£552 million set to be wasted by Britons not being capital gains tax efficient
- Research shows that the capital gains tax rate rise will add £36 million to tax wastage mountain
- Unbiased.co.uk calls on consumers to take ‘capital gains tax action' now
Rates and allowances
New Budget announcements of main changes to rates and allowances in the tax year 2010-11 and the tax year 2011-12.
Announced changes to 2010-11 and 2011-12 rates and allowances for Value Added Tax (VAT),…
CGT hiked to 28%
In the Emergency Budget, Chancellor George Osborne confirmed that capital gains tax would rise from 18% to 28%. This rate only applies to higher rate tax payers and is not as high as the rumoured 40%.
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