My lockdown pay cut takes my salary down a tax bracket: Do I need to check I’m not being taxed too much or will PAYE automatically adjust? By Thisismoney.co.uk Published: 15:43 BST, 2 June 2020 | Updated: 15:43 BST, 2 June 2020 I was on £52,000 a year before coronavirus but we were asked to … Read more
Don’t wait to send your tax return: Filing now could give you eight months to save By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 2 June 2020 | Updated: 23:17 BST, 2 June 2020 Those who need to complete a self-assessment tax return should have received a P60 form Send off your … Read more
Lockdown has created a boom in cycling – and the revolution will continue apace next month with the launch of a £2billion government travel scheme that will mean more bike-only lanes in the country’s major cities. In recent weeks, millions of people have dusted down often long-forgotten iron horses covered in cobwebs at the back … Read more
Matalan owner applies for state-backed loan – at same time as he’s being chased by HMRC over £84m tax bill By Neil Craven, Financial Mail on Sunday Published: 21:59 BST, 30 May 2020 | Updated: 22:18 BST, 30 May 2020 The super-rich owner of the Matalan clothing chain has been slammed after applying for a … Read more
Former jump jockey Richard Pitman would abolish income tax if he was Chancellor of the Exchequer. Pitman rode 470 winners in his career, but was famously beaten into second place in the 1973 Grand National on board Crisp by Red Rum, three-time winner of the Aintree race. He reveals he could earn the equivalent of … Read more
Matalan chief sues PwC claiming beancounter gave him bad advice over Monaco tax haven bill By Matt Oliver For The Daily Mail Published: 21:51 BST, 20 May 2020 | Updated: 21:51 BST, 20 May 2020 Matalan tycoon John Hargreaves is suing PwC over claims the accounting firm gave him bad advice before he relocated to … Read more
Fears savers will end up paying double tax if forced to dip into pensions early in the coronavirus crisis By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Former pensions minister Steve Webb warns that overtaxing on pension withdrawals will be worse in lockdown … Read more
Mohammed Khan (pictured), 20, is facing jail after pleading guilty to masterminding a ‘Covid-19 tax break’ scam A student who masterminded a ‘sickening’ coronavirus swindle against the most vulnerable members of the public is facing jail. Mohammed Khan, 20, sent thousands of fraudulent texts and emails inviting unwitting victims to fill in their bank details in … Read more
Councils facing a £5billion cash shortfall caused by the ongoing coronavirus pandemic could charge families higher council tax for worse public services. Before the lockdown local authorities bought shopping centres and office blocks to make up for lost money after government cuts. Since 2016 local authorities have borrowed £6.6billion in total to pay for this type of retail. … Read more
Professional services tax haul set to cost UK Government £14bn as lawyers and consultants see slump in work By Helen Cahill For The Mail On Sunday Published: 22:31 BST, 9 May 2020 | Updated: 10:20 BST, 10 May 2020 A decline in the professional services sector will produce one of the biggest hits to the … Read more