Personal tax

A third of workers take on second jobs to boost income

Three million Britons (six per cent) have taken on a second job to boost their primary monthly income, with one in three (36 per cent) supplementing their income in some way with an additional £2,536 a year, research from Direct Line has found.

Tax credit errors cost £2.3 billion in 2010-11

HM Revenue and Customs (HMRC) is to miss its target to reduce tax credit error and fraud by £5 billion, a report by the Public Accounts Committee (PAC) has said.

More countries sign tax agreement

A number of Commonwealth nations are among those who have signed an agreement to share tax information, a report by the Organisation for Economic Co-operation and Development (OECD) has said.

Universal Credit trial roll-out begins

The Government's 'radical reshaping' of the UK benefits system got underway today as Universal Credit began for jobseekers in the North-West of England.

Students encouraged to check their tax bill

Students could be paying the incorrect amount of tax following the introduction of the new PAYE system and the abolition of the form which allowed students to defer paying income tax when getting paid for holiday work, the Low Incomes Tax Reform Group (LITRG) have said.

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