Tax

Pensioners received a £3.3 billion blow in today's Budget as they found out they will eventually lose the higher personal allowance they enjoy in comparison to the rest of the population. This has been dubbed the new 'Granny Tax'.

Anyone who earns over £150,000 a year will pay less tax from next year, Chancellor George Osborne has announced.

Pensioners were the big losers from today's Budget, with the news 4.4 million will pay more tax from April 2013, at an average loss of £83 each per year. This has been dubbed the new 'Granny Tax'.

Cash Isa transfer times have shortened following action by the Office of Fair Trading (OFT), though they still take well over two weeks.

Up to 17,000 taxpayers who filed a self assessment return on time have been threatened with a £100 fine for supposedly submitting late.

Taxpayers have been given longer to avoid a £100 fine for filing their self assessment return late, because of a strike by HM Revenue and Customs (HMRC) staff.

Chancellor George Osborne insists that he will go ahead with controversial plans to axe child benefit for higher-rate taxpayers.

Almost a million taxpayers risk a £100 fine for filing their self assessment tax return late, so act soon.

Millions of victims of payment protection insurance (PPI) mis-selling will have to pay tax on their payout, the Government has confirmed.

Over one million people are about to be given the shock news they owe the taxman an average £600 each, while millions more will receive rebates of around £300 each.