'Savage trap' to catch basic-rate taxpayers

Pow, Helen
June 2009
Money Marketing;6/11/2009, p5
The article reports on the condition of basic-rate taxpayers' income tax personal allowance in Great Britain. It mentions the possible impact of budget proposals to the taxpayers' income tax personal allowance. Meanwhile, Fidelity FundsNetwork states that insurance firms are currently adopting offshore bonds as an option in order to ease the problems they have encountered due to the pension tax relief and 50% tax rate.


Related Articles

  • Thailand: Insurers Lobby for Increase in Taxable Income Deduction.  // Asia Insurance Review;Feb2008, p25 

    The article focuses on the recommendation of the life and non-life insurance industry to the Government in Thailand to have an increase in the taxable income deductions for life, pension and health among others. According to the author, both the industry wanted to increase the taxable income...

  • THE INSIDE STORY. Waage, Scott // Orange County Business Journal;6/26/2006, Vol. 29 Issue 26, p10 

    The citizens in California face a 0.3 percent increase in the income tax burden according to a survey conducted by investors in the state. However, the trust income with the proper out-of-state structure may not be taxed by the state. A trust fund may also be used to protect the savings of an...

  • POST SCRIPTS. D. M. // Saturday Evening Post;3/12/1938, Vol. 210 Issue 37, p24 

    Focuses on issues related to income taxation in the U.S. and Europe.

  • GROUP TAX AND RELATED ORGIES. Keefauver, John // National Review;5/15/1981, Vol. 33 Issue 9, p569 

    The article relates the author's experience in holding an income tax orgy in the U.S. The idea behind the event is described. The problem encountered with children is discussed. The solution developed for the problem of the group is also explained.

  • Money for jury service. Woolf, Emile // Accountancy;Jun93, Vol. 111 Issue 1198, p78 

    Answers an inquiry concerning assessment of income tax in Great Britain. Compensation for "loss earnings"; Provisions of the Value Added Tax Act 1983.

  • THE NEXT TAX FOR REFORM? Sandford, Cedric // Accountancy;Feb1989, Vol. 103 Issue 1146, p20 

    This article illustrates the need for reform in the National Insurance contribution system in Great Britain. While the Conservative government is busy simplifying and reducing the income tax, that other compulsory levy on income, the National Insurance contribution (NIC), has remained highly...

  • Time isn't of the essence Could Revenue accuse e-filers of non-disclosure? Jooste, Ruan // Finweek;2/5/2009, p61 

    The author reflects on the mismatch of the rules between the e-filing and the Income Tax Act in South Africa. He discussed the possible effect of the mismatch in which e-filing did not longer require taxpayers to submit supporting documentation, while the Income Tax Act still prescribes that all...

  • STATUTORY REQUIREMENTS.  // Finweek;12/6/2007, p69 

    The article presents information on the statutory requirements for business start up. There are various taxes that are prerequisites in complying the statutory benefits and these includes the income tax, where the all the registered businesses must have their yearly submission; Provisional tax,...

  • THE TAX-II. Brooks, John // New Yorker;4/10/1965, Vol. 41 Issue 8, p51 

    The article comments on the income-tax law, probably the single most important law on the statute books of the U.S. Income taxes, which have been steadily imposed on individuals and corporations since 1913, bring in some three quarters of the approximately $100 billion needed by the government...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics