Personal tax

Treasury to review tapered annual allowance

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

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Number of non-doms falls to record low

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

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HMRC repays record sum from pensions tax trap

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

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Number of non-domiciled taxpayers falls

78,300 individuals claim non-domiciled status.

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More over-65s pay additional-rate income tax

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

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Capital gains tax changes to hit homeowners

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

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Tax changes impact smaller landlords

Lenders’ trade body says Government should halt further measures.

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OTS proposes inheritance tax reform

Recommends reducing seven-year period to five years.

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Pension rules ‘cause confusion’ for higher earners

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

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Tax receipts increased by 4.8% in 2018/19

Almost £623 billion was collected last year.

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