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Tax Rates
HMRC Responds to Office of Tax Simplification’s Review of Pensioner Taxation
Tuesday, November 27th, 2012On 11 July 2011, HM Treasury asked the Office of Tax Simplification (OTS) to look at simplifying the system for the estimated 5.6 million people of pensionable age who pay tax. Specifically, the remit was to identify the parts of the tax system that caused the greatest difficulty, especially where pensions are received from multiple [...]
Tax Rates and Bands 2013/14
Tuesday, March 27th, 2012As we reported last week after the Budget, it was little surprise that an announcement was made about the ‘temporary’ Additional rate. From April 2013, The Additional rate will reduce from 50p in the pound to 45p. Mr Osborne claimed that ‘no chancellor can justify a tax rate that damages our economy and raises next [...]
