Tag Archives: finance act

News of the World: What a pain in the cheque! 23rd January 2011

This week we covered the changes to income tax that were brought about by the upcoming Finance Act 2011, primarily the people affected are in the lower end of the earnings spectrum – we have a table to show the changes that it makes. The good news is that we also gave News of the World readers a way to strike back: Tax returns! 70% of workers are actually due tax back at the end of the year and yet only 5% of them make a tax return to claim back that money. Information and instructions are in the article.