Today, 29th May, is 2012′s ‘Tax Freedom Day’ – the day on which the average Briton stops working for the Chancellor and starts earning money for themselves. So, 149 days are worked just to pay taxes on average. Last year TFD fell on the 28th May, but this year it has taken an additional two [...]
Monday, May 21, 2012
A report produced by the 2020 Commission looking into tax reform has been published today. It follows 18 month’s of collaborative work between the TaxPayers’ Alliance and the Institute of Directors (IOD). In summary: The report maps out recommendations for tax cuts and overall reform of the UK tax system. Abolish National Insurance and Stamp [...]
Friday, May 11, 2012
HMRC are to send out letters next week detailing the finding of its reconciliation of PAYE taxation from the 2011/2012 tax year. 3.5 million people will be happy to hear that they will be due a refund, an average of around £380, however it’s not all good news. 1.6 million people will be facing demands [...]
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Tuesday, May 29, 2012
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