THE typical British household pays more than £200,000 in indirect taxes over a lifetime, according to a new report.
Category: Tax
This Is Money: Tax Net Tightens On Super Rich
Bosses such as billionaire Sir Philip Green who work in the UK but claim to live abroad will be hit by a tax tribunal ruling
This Is Money: 30 Second Guide To Rush To Reits
The Daily Mail’s city team take you through the new investment vehicle that give generous tax breaks to property groups – and a windfall to Gordon Brown
This Is Money: 30 Second Guide To Regional Tax Breaks
The Daily Mail’s city team take you through the tax reliefs that have fuelled growth in the Celtic Tiger
This Is Money: The Tycoons Of Tomorrow
Despite endless complaints from business about red tape and surging taxes it seems creativity and social conscience are alive and well among the next generation of entrepreneurs
Scotsman: Ten Commandments: Number Seven – Write Your Will Tax Efficiently
RECENT articles in this series of financial commandments have looked at Inheritance Tax (IHT) planning for business assets and savings.
Motley Fool: Charitable Giving
Have you ever made a donation to charity? Of course you have! But did you do it in the right way? In other words, did you take advantage of the fact that making charitable donations can help both you and the charity to benefit from tax relief?
Motley Fool: Start Saving With Just A Quid!
First the good news: according to a new survey from Sainsbury’s Bank, there are 39 instant-access, easy access and notice savings accounts which pay annual interest of 5% or more before tax. Now the bad news: the majority of these accounts are aimed at serious savers, because only twelve pay 5% gross AER on balances of £1 or more (including Sainsbury’s own Internet Saver Account). One problem with these high-paying accounts is that many rely on introductory bonuses to boost their interest rates, which then disappear after, say, six to twelve months. In addition, a number impose restrictions or penalties on withdrawals. For instance, several table-topping accounts pay no interest in any month during which a withdrawal is made. So, take out just £20 and you lose one month’s interest on your entire balance, even if you have thousands of pounds sitting there. Ouch!
Motley Fool: Marks & Spencer Keeps On Growing
Stuart Rose, the Marks & Spencer (LSE: MKS) CEO, continues to deliver the goods. Today’s interim results were impressive. Adjusted pre-tax profits jumped 32% to £405m while the interim dividend is up 31% to 6.3p a share.
Motley Fool: Give Your Budget A Xmas Boost!
The countdown to Christmas has begun: Christmas Day is less than seven weeks away. Being a godless heathen who also dislikes rampant consumerism, I’m no fan of Christmas. Indeed, at this time of year, I transmute into Ebenezer Scrooge from “A Christmas Carol”: “Christmas… a humbug, a waste of time and money. A false and commercial festival, devoutly to be ignored.”