Personal tax

Treasury to review tapered annual allowance

Controversial tax rules could be set for reform, subject to political change.

Number of non-doms falls to record low

How tax rules apply if you’re domiciled outside of the UK.

HMRC repays record sum from pensions tax trap

17,000 savers reclaim £46m in overtax on pension withdrawals.

Number of non-domiciled taxpayers falls

78,300 individuals claim non-domiciled status.

More over-65s pay additional-rate income tax

37,000 people paid tax at 45% in 2018/19.

Capital gains tax changes to hit homeowners

Final period exemption for private residence relief will reduce to nine months.

Tax changes impact smaller landlords

Lenders’ trade body says Government should halt further measures.

OTS proposes inheritance tax reform

Recommends reducing seven-year period to five years.

Pension rules ‘cause confusion’ for higher earners

Tapered allowance applies to individuals earning over £150,000.

Tax receipts increased by 4.8% in 2018/19

Almost £623 billion was collected last year.

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