Rich Tax on Rich

Categories: Taxes

Tax system issue in United Kingdom

It used to be that the dream was to work hard and get rich. The problem is, in your dreams, the tax system usually isn’t there. If it did then it probably isn’t a dream but a nightmare. Well the reality for the rich may not be a nightmare but it nevertheless is a bad dream. How bad? According to Shadow Chancellor George Osborne, the Tory government is looking into raising the percentage for the highest earners, those who are earning 150,000 Pounds ... Read More

Children’s Tax Credit Relief Is Here

Categories: Taxes

childrens_tax_credit

UK parents can claim the Children's Tax Credit Relief until January 31. This benefit is applicable only to eligible parents. HM Revenue & Customs  apparently owes each of the thousands of parents across the country over a thousand pounds. If the parent has children born  between April of 1985 and April of 2003, he or she is eligible. This benefit was short-lived which is why people are not well aware of it. Yet, HMRC did not promote the tax relief for unknown reasons. The ... Read More