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Personal tax

15 May 12

Confusion over PPI compensation and tax liability

Individuals receiving compensation for mis-sold payment protection insurance (PPI) are unaware they may be liable to pay tax on awarded payments, after HMRC clarified its position on PPI and taxation.

14 May 12

Millions of taxpayers in line for early tax refund

HMRC has confirmed that more than three million tax refunds are to be sent out as of next week - two months earlier than previous years - due to an earlier review of the amount of tax paid for 2011/12 via the Pay As You Earn (PAYE) system.

11 May 12

HMRC's tax tests for contractors criticised

HMRC has come under fire over the release of new guidance for contractors and freelancers on the complex tax legislation IR35.

09 May 12

HMRC campaign deadlines approach for electricians and online traders

The deadlines for HMRC's latest tax campaigns for electricians and online traders are approaching.

04 May 12

Scotland Act 2012 given Royal Assent

Scotland is to be handed new powers in setting its own rate of taxes and legislation after the Scotland Bill was given Royal Assent.

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