Income tax

The Smith Commission has proposed the Scottish Parliament should get more powers over tax. Jonathan Stapleton discovers what this means for pensions and how schemes and employers can define who is a Scottish taxpayer.

The Conservatives are said to be planning to merge national insurance into income tax in a major shake-up of the current tax system.

The UK's ongoing recovery from one of its worst spells for decades could give the Chancellor room to cut taxes by £7bn in 2015, a leading consultancy has said.

The 40% income tax threshold will rise this year and next, Chancellor George Osborne has said in the Budget.

George Osborne has denied ‘insulting' middle-class voters amid reports he claimed paying higher tax rates is ‘good for them' and makes them feel successful.

George Osborne should use next week's Budget to reduce the number of middle-income earners paying the 40p tax rate, according to two former Tory Chancellors.

A higher threshold for income tax will be the Liberal Democrats' top priority at next month's Budget, deputy Prime Minster Nick Clegg will say today.

Chief secretary to the Treasury - and Liberal Democrat - Danny Alexander has ruled out a further cut to the top rate of income tax before next year's general election.

Deputy prime minister Nick Clegg has promised people earning minimum wage will pay no income tax should the Liberal Democrats stay in government.

HM Revenue & Customs's (HMRC's) decision to tax unit and cash rebates could violate UK case law on competition, according to a platform consultancy.