Tax on State Pensions – More than five million retired people could save up to £1000 per year if Chancellor George Osborne takes the advice of the Office for Tax Simplification (OTS) and scraps income tax on state pensions.
The
The Office of Tax Simplification is an advisory body set up to advise the government about areas where tax could be further simplified for the tax payer.
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Written off tax – £10.9 billion of unpaid tax was written off in 2009/2010 by HMRC, without the Treasury being aware this was the case until now.
The loss of revenue has been caused by cutting criminal negligence claims.
The …
On July 20, the much heralded Office of Tax Simplification was launched. Its remit is to provide independent advice to the government on simplifying the UK tax system. It will be comprised of experts from across the tax and legal …