Business executives and sport stars - among them David Beckham - have been warned they must pay HM Revenue and Customs more than £520m after a government crackdown on tax avoidance schemes.
Celebrity tax scheme promoters have failed to stop the Revenue forcing their clients to pay their bills up front. Experts predict a wave of high-profile bankruptcies.
Thousands more families will be required to pay inheritance tax (IHT) this year as an improving economy and rising house prices pull them above the threshold, according to figures.
Other Tax articles
Many professionals are paying an income tax rate of 60% as a result of a little-understood policy introduced by the last government which affects more than 500,000 people, a leading economist has warned.
Commercial property owners claimed over £52m in capital allowance tax relief last year, research from a tax specialist firm has shown.
The Office for Budget Responsibility (OBR) has revised its calculation of how much inheritance tax will be paid between now and 2018 by £800m, just three months after it last issued the figures.
Buy-to-let property may not be the obvious choice for investors looking for an alternative to annuities under the new flexible pension rules.
Chancellor George Osborne stepped up his clamp down on tax avoidance for individuals and corporations by giving HMRC tougher powers to tackle non-compliance with the rules.
The Chancellor has announced far reaching reforms to pensions in his fifth Budget speech and said "no one will have to buy an annuity" in the future.
Chancellor George Osborne is set to deliver his fifth annual Budget to Parliament. The UK economy is recovering but still faces challenges, so what can we expect this time around?
The Chancellor is to set out his plans to bolster and support a "resilient UK economy" later today, with the aim of boosting economic security at the heart of his Budget speech.
More than a million extra middle-income workers will be included in the 40p tax bracket by next year because of George Osborne's plans to boost income for the low-paid.
Halifax is offering to foot the stamp duty bill for first-time buyers purchasing properties up to £250,000.
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