Business and Tax News - Tax Relief

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August 4th 2020
Tax Week 18
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TAX RELIEF - NEWS

Tax Reliefs Reduce Your Tax Bill But Treasury Is Looking For Cuts

PERSONAL TAX

Tax Reliefs Reduce Your Tax Bill But Treasury Is Looking For Cuts

Near 1,200 tax reliefs exist, but around 360 are reliefs that are part of policy, part of those cost around £155 billion a year and many could be altered or removed.
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How Much Do Tax Reliefs Cost The Public Purse?

GENERAL

How Much Do Tax Reliefs Cost The Public Purse?

Interesting stats on the cost of the tax reliefs used by people and businesses.
Minimum Pension Contribution Increased From This April

PERSONAL TAX

Minimum Pension Contribution Increased From This April

Workplace pension contribution for auto-enrollment increased to a minimum total of 8 percent.
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