Tax

Almost 12,000 taxpayers have been wrongly threatened with a penalty for not submitting a self-assessment return by HM Revenue and Customs (HMRC), despite telling the department they weren't self-employed.

Many people earning over £10 million a year pay less than 10% in tax, the Treasury has revealed.

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

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'.

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.