The Latest Breaking News from Income Tax

Former chancellor’s pitch is ‘fiscal responsibility’ – but he is under pressure to accelerate planned 1p cut off 20p rate

Always keen to be identified as the party of low taxation, the Conservatives won the 2019 general election on a promise not to raise income tax, VAT or national insurance. So last year’s national insurance increase was bound to rankle, even though it could feasibly be blamed on the huge…

A tax reform proposed by Colombia's President-elect Gustavo Petro will raise $10.9 billion annually via a progressive income tax, the elimination of business exemptions, and tackling evasion, his incoming tax agency head said on Thursday.

British finance minister Nadhim Zahawi said on Monday he would abolish a planned increased in corporation tax and would cut the basic rate of income tax by reducing government spending if he is chosen to replace Boris Johnson as prime minister.

Australians pay too much income tax – or so some argue.

Principal Chief Commissioner of Income Tax (Exemptions), New Delhi, Rashmi Saxena Sahni conducted a review on the performance of Andhra Pradesh, Telangana and Odisha in the morning session

The pair said the tax cut will amount to £6 billion in value and lift ‘2.2 million people out of paying any National Insurance or income tax’.

Over-65s warned the taxman will take his ‘chunk’ of state benefit

Income Tax Commissioner B. Srinivas said education integrated with ethics and inculcation of leadership qualities would help young learners go a long way in life.

I-T Dept says details can’t be disclosed as they pertain to “third party information”

There are a projected 5.5 million higher rate income taxpayers in 2022/23, marking a 43.9% increase compared with 2019/20, HMRC said.