As a part of the 2009 Budget the Chancellor announced some radical changes to the taxation of higher earners. Not only will those with taxable income in excess of £150,000 be subject to new higher rates of Income Tax, those with income close to or above this threshold will also find that the tax reliefs that they have previously enjoyed in respect of contributions to their pension plans will be dramatically restricted.
Published on 13 April 2010
Other publications in this series
Taxflash: Mileage rates - March 2012
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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Taxflash: Mileage rates - December 2011
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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Taxflash: Mileage rates - September 2011
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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Company car users - changes to tax free fuel rates June 2011
HMRC regularly publish approved “fuel only” rates which have, again, changed. If you use the approved rates, you have certainty that you are claiming no more than the true cost of fuel used on business journeys and so will not be taxed on a “fuel benefit”.
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Taxflash: Amended tax free fuel rates for March 2011
Following the increased tax free fuel rates with effect from 1 March 2011, this guide provides full details of the rates to help you avoid any additional tax charge.
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Taxflash: Latest HMRC tax amnesty - it's not just for plumbers
HM Revenue & Customs (HMRC) have this month announced a ‘tax amnesty’ for plumbers and those in associated trades and there are various inducements for those who come clean regarding undeclared income.
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