Both my partner and myself received fantastic letters from Her Majesty’s Revenue & Customs this morning, to notify us that they were stopping paying us the zero tax credits that they’ve been paying us for the last couple of years. Yes, that’s right, two letters to let us know we weren’t going to receive anything, when we already hadn’t been receiving anything for the last few years.
Following on from a previous post on how much the average family pays in tax, Where Does It Go has done some more investigation and worked out where exactly the money gets spent.
Woops, Martin Lewis has forgotten to file his tax return, and has received a Â£100 fine.
Ok, so it’s hardly a massive windfall, but this month millions of us will be getting a Â£60 tax rebate in our pay packets, thanks to the mess the Government got into earlier in the year. It certainly won’t break the bank, but it’s always nice to get something back from the taxman. The question […]
Here in the U.K. we’re hearing more and more complaints about the high and rising price of petrol, and with the recent rise in oil prices, it’s something that likely to get worse. There’s an interesting page on Wikipedia which shows the relative price of petrol (or gasoline) in countries around the world, and highlights […]
The tax u-turn made by the Chancellor yesterday caused the expected reaction of both pleasure from those out to receive Â£120 back from the tax man and outrage from the 150,000 people now expected to slip into the higher rate of tax. Despite the feel good announcements made by the Prime Minister today, focusing on […]
Woohoo! Basic rate tax payers are to get Â£120 back from the tax man. Following the government’s terrible decision to scrap the 10p tax band, they’ve decided to bribe compensate those of us who pay 22% tax by altering the tax allowance rate. The money will be paid as a Â£60 payment in your pay […]
UPDATE 24th November 2008: If you’re looking for information on the latest changes to tax rates announced today, please see our post on the pre-Budget report key points. Last year, in How Much Tax Will I Pay?, I wrote about SimplePound’s useful Excel spreadsheet which helped calculate how much Income Tax and National Insurance you’ll […]
I hope you’ve had a great New Tax Year’s Day! What makes today so special? Well, you now have a brand new ISA allowance to play with – and this year the government has generously increased the maximum amount you can pay into your ISA to a whopping Â£7,200, yes, that’s a massive Â£200 more […]
With just 11 days left until the end of this tax year (Saturday 5th April 2008), have you used your Individual Savings Account allowance for this year? From my experience, there will be people reading this who have no idea what an ISA is, there will be those who know what they are, but do […]