Am I due a tax bill on my savings after NS&I changes?

With the change to tax on interest mentioned in your article last week I think that I may exceed the £1,000 Personal Savings Allowance. I have a state pension and two small company pensions which total approximately £11,000, plus I have NS&I Guaranteed Growth Bonds and other savings on which interest may total over £1,000, … Read more

Amazon wins legal battle with the EU over Luxembourg tax deal

Amazon wins legal battle with the EU after being ordered to pay £215m in back-taxes By Daily Mail City & Finance Reporter Published: 21:56 BST, 12 May 2021 | Updated: 21:56 BST, 12 May 2021 Amazon has defeated the EU in a legal battle over the bloc’s order to pay £215million in back-taxes.  Brussels claimed … Read more

Hundreds of thousands face new NS&I tax bill

Hundreds of thousands face new NS&I tax bill over changes to Guaranteed Growth Bonds By Sylvia Morris For The Daily Mail Published: 22:00 BST, 11 May 2021 | Updated: 22:11 BST, 11 May 2021 National Savings & Investments changed the way its popular Guaranteed Growth Bonds worked two years ago Hundreds of thousands of NS&I … Read more

£3bn tax loss fuels travel ban backlash: Grounding of planes has blown hole in Treasury coffers

£3bn tax loss fuels travel ban backlash: Grounding of planes has blown a huge hole in Treasury coffers, new figures show Figures show the Treasury received £582million in APD between April ’20 and ’21 Wider economy has taken further hit of billions of pounds due to travel shutdown There is hope more European hotspots will … Read more

Alzheimer’s Society: Play fair on council tax discounts for dementia

Alzheimer’s Society: Play fair on council tax discounts for households where family member has dementia By Toby Walne, Financial Mail on Sunday Published: 21:51 BST, 1 May 2021 | Updated: 21:51 BST, 1 May 2021 Charity Alzheimer’s Society is urging local authorities to stop playing hard ball over paying council tax discounts to households where … Read more

Key ways to challenge the spiralling cost of council tax bills

Local authorities increase council tax bills by up to 5%, but some households can mitigate impact by challenging them or applying for discounts By Toby Walne, Financial Mail on Sunday Published: 21:50 BST, 24 April 2021 | Updated: 21:50 BST, 24 April 2021 Cash-strapped local authorities have just increased council tax bills for the year … Read more

Australian tax office cracking down on share, Bitcoin and property investors

Why playing the share market, buying Bitcoin or selling a house could get you in trouble with the tax office – here’s how to make sure you don’t get stung Australian Taxation Office cracking down on those who profited from shares Tax agent H&R Block said Bitcoin investors were also in their audit sights  Expert … Read more

Bryan Brown and Simon Baker convince government not to dump tax break for Australian film industry

Bryan Brown and Simon Baker celebrate win after convincing government not to dump much-needed tax break for Australian film industry By Caleb Taylor For Daily Mail Australia Published: 02:06 BST, 11 April 2021 | Updated: 02:06 BST, 11 April 2021 Australian acting royalty Simon Baker and Bryan Brown have helped to rollback the planned dumping … Read more

How much more are you paying in car tax this year? Read our guide

Vehicle Excise Duty costs will rise for most drivers this month – but especially so for those in the market for a new car.  The Chancellor confirmed in his latest Budget document that VED, as car tax is officially known, will rise in line with the Retail Price Index – with annual increases for drivers … Read more