Tax Rebates & Refunds

It’s Budget Day – what can we expect?

March 24, 2010
Posted in Budget 2010 — Written by The Tax Repayment Agency — Comments (1)

Chancellor Alistair Darling will today deliver what many believe to be his final Budget and he is under pressure to reduce the country’s deficit, cut public spending and raise more revenue.
Tax is, of course, the way to go about raising that revenue. And income tax is always key. So what can we expect?
IFAonline.co.uk expects there [...]

Income Tax has doubled since Labour took over

March 19, 2010
Posted in Income Tax — Written by The Tax Repayment Agency — Comments (1)

Stats from Her Majesty’s Revenue and Customs reveal that income tax revenue has DOUBLED – rising from £69 billion in 1997 to an expected £134 billion in 2010.
The take from National Insurance has increased similarly, rising from £47 billion to £98 billion in the same period.
That’s money coming out of YOUR pocket, YOUR pay packet [...]

Income Tax to rise…or not?

March 16, 2010
Posted in Income Tax — Written by The Tax Repayment Agency — Comments (0)

Opinion is divided over whether or not Chancellor Alistair Darling will raise Income Tax in the last Budget before the General Election.
There is concern about the huge gap between the 50% tax rate for those earning over £150,000 and the current 18% Capital Gains Tax rate, which is causing some to convert income into capital, [...]

Tax Guide for 2010/2011

March 10, 2010
Posted in Income Tax — Written by The Tax Repayment Agency — Comments (0)

With the end of the 2009/2010 tax year and the start of the 2010/2011 tax year looking, it’s a good idea to make sure you’re up to speed on what changes will come into effect that could affect you. Here’s our quickfire guide to the upcoming tax changes.
April 2010
Tax
All personal tax bands and tax-free allowances [...]

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