Income tax

A plan to merge National Insurance (NI) with income tax would increase wages, create jobs and help reduce costs, business leaders have said.

A report is calling for the government to raise the 40p income tax threshold to stop hundreds of thousands of extra people falling into the bracket.

Photos of HM Revenue & Customs (HMRC)'s 'most wanted' tax evaders have been posted online to prompt the public to report them.

The Chancellor has expressed his "shock" that some of the country's wealthiest people are able to organise their finances so they pay "virtually no" income tax.

Up to five million workers will pay the higher rate of income tax following changes in the Budget, analysis from the Institute of Fiscal Studies has found.

The Chancellor is likely to significantly increase the personal tax allowance in his Budget speech today, reports suggest.

Deputy Prime Minister Nick Clegg is to urge the coalition today to "go further and faster" in implementing an increase in the income tax threshold.

Letters sent out by Her Majesty's Revenue and Customs (HMRC) informing people they have paid too little tax could be based on inaccurate figures, an accountancy firm has warned.

France has reduced its economic growth forecast for 2011 by 0.5% to 2% following a meeting between President Sarkozy and top finance ministers.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (Niesr).