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	<title>TaxPenny News</title>
	
	<link>http://www.taxpenny.co.uk/news</link>
	<description>The latest UK Tax News</description>
	<pubDate>Mon, 16 Jan 2012 19:20:12 +0000</pubDate>
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		<title>2012/2013 Tax Calculator</title>
		<link>http://www.taxpenny.co.uk/news/2012/01/20122013-tax-calculator/</link>
		<comments>http://www.taxpenny.co.uk/news/2012/01/20122013-tax-calculator/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 19:19:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[2012 tax]]></category>

		<category><![CDATA[2012/2013 tax]]></category>

		<category><![CDATA[tax calculator]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=518</guid>
		<description><![CDATA[Our tax calculators have now been updated to include the upcoming 2012/2013 tax rates and allowances.
Give them a try at www.uktaxcalculators.co.uk or try the widget below!

tax calculator powered by UKTaxCalculators.co.uk

You will need to select 2012 on the widget.
Good news, as announced in last year&#8217;s budget, is the increase of the personal tax free allowance (under [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2012/01/20122013-tax-calculator/feed/</wfw:commentRss>
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		<item>
		<title>HMRC Errors Leave 1.2 Million Facing An Unexpected Tax Bill</title>
		<link>http://www.taxpenny.co.uk/news/2011/10/hmrc-errors-leave-12-million-facing-an-unexpected-tax-bill/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/10/hmrc-errors-leave-12-million-facing-an-unexpected-tax-bill/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 11:32:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[hmrc]]></category>

		<category><![CDATA[tax bill]]></category>

		<category><![CDATA[tax error]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=516</guid>
		<description><![CDATA[Following on from our previous reports regarding errors being dug up at HMRC, news broke today that as a result of errors/&#8217;backlogs&#8217; within the tax system, six million people are to receive an average £400 tax refund whilst just over a million people are facing an average £600 tax bill.
Mistakes/&#8217;queries&#8217; going back to 2001 reveal [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/10/hmrc-errors-leave-12-million-facing-an-unexpected-tax-bill/feed/</wfw:commentRss>
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		<item>
		<title>Payslip Calculator</title>
		<link>http://www.taxpenny.co.uk/news/2011/09/payslip-calculator/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/09/payslip-calculator/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 13:01:35 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[TaxPenny Blog]]></category>

		<category><![CDATA[payslip]]></category>

		<category><![CDATA[payslip calculator]]></category>

		<category><![CDATA[payslip tax]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=511</guid>
		<description><![CDATA[If you are an employee and taxed via PAYE (Pay As You Earn) your payslips from your employer, or employers, are calculated on a cumulative basis.
What this means is that your employer uses the tax code that has been given for you for a particular tax year to calculate your tax free allowances on a [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/09/payslip-calculator/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Chancellor George Osbourne May Be Reconsidering 50 Percent Tax</title>
		<link>http://www.taxpenny.co.uk/news/2011/08/chancellor-george-osbourne-may-be-reconsidering-50-percent-tax/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/08/chancellor-george-osbourne-may-be-reconsidering-50-percent-tax/#comments</comments>
		<pubDate>Sat, 13 Aug 2011 18:53:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[50% tax]]></category>

		<category><![CDATA[50p tax]]></category>

		<category><![CDATA[hmrc]]></category>

		<category><![CDATA[income tax]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=508</guid>
		<description><![CDATA[During an appearance on BBC Radio 4&#8217;s Today programme, the Chancellor revealed he has formally asked HMRC to delve into the figures and statistics coming from the 50 percent tax rate band.
The push for the removal of the top rate band of tax, which people earning more than £150,000 are susceptible to, is becoming more [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/08/chancellor-george-osbourne-may-be-reconsidering-50-percent-tax/feed/</wfw:commentRss>
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		<item>
		<title>Cut National Insurance and 50p Tax Says Boris Johnson</title>
		<link>http://www.taxpenny.co.uk/news/2011/07/cut-national-insurance-and-50p-tax-says-boris-johnson/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/07/cut-national-insurance-and-50p-tax-says-boris-johnson/#comments</comments>
		<pubDate>Tue, 26 Jul 2011 23:34:18 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[50% tax]]></category>

		<category><![CDATA[50p tax]]></category>

		<category><![CDATA[national insurance]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=505</guid>
		<description><![CDATA[Renewed calls today to reduce taxation in order to boost the economy, this time coming from London Mayor Boris Johnson.
Official figures are showing a minute growth of 0.2 percent between April and June this year, much below the expectations of many ministers.
The same ministers are now putting pressure on Chancellor George Osbourne to try and [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/07/cut-national-insurance-and-50p-tax-says-boris-johnson/feed/</wfw:commentRss>
		</item>
		<item>
		<title>HMRC Planning Online Tax Accounts</title>
		<link>http://www.taxpenny.co.uk/news/2011/06/hmrc-planning-online-tax-accounts/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/06/hmrc-planning-online-tax-accounts/#comments</comments>
		<pubDate>Sun, 19 Jun 2011 16:33:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[hmrc]]></category>

		<category><![CDATA[online tax account]]></category>

		<category><![CDATA[personal tax]]></category>

		<category><![CDATA[tax calculator]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=502</guid>
		<description><![CDATA[Further to our report about changes due to be made to the way in which employers report payroll information to HM Revenue &#38; Customs (HMRC), information has now emerged on one of the practical benefits of this transition for employees.
To help make millions of people more aware of the amount of tax they pay, the [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/06/hmrc-planning-online-tax-accounts/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Top Rate Tax Band Causing Top Talent To Leave</title>
		<link>http://www.taxpenny.co.uk/news/2011/06/top-rate-tax-band-causing-top-talent-to-leave/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/06/top-rate-tax-band-causing-top-talent-to-leave/#comments</comments>
		<pubDate>Tue, 14 Jun 2011 23:46:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[top rate tax]]></category>

		<category><![CDATA[world taxes]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=500</guid>
		<description><![CDATA[The introduction of the top rate fifty percent tax band has resulted in Britains highest earners paying more tax than 13 other major economies.
Those earning more than £122,000 would take home 60.9 percent of their income after tax - this differs from Russia where 87 percent is retained, 80.4 percent in Egypt and 100 percent [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/06/top-rate-tax-band-causing-top-talent-to-leave/feed/</wfw:commentRss>
		</item>
		<item>
		<title>30 May 2011 - Tax Freedom Day</title>
		<link>http://www.taxpenny.co.uk/news/2011/05/30-may-2011-tax-freedom-day/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/05/30-may-2011-tax-freedom-day/#comments</comments>
		<pubDate>Mon, 30 May 2011 13:12:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[2011 tax]]></category>

		<category><![CDATA[tax]]></category>

		<category><![CDATA[tax freedom day]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=495</guid>
		<description><![CDATA[According to the &#8216;Adam Smith Institute&#8217;, today 30th May 2011 is &#8216;Tax Freedom Day&#8217; - This is the first day of this calendar year that the average Briton stops working to pay taxes and actually starts earning money solely for themselves.
All the money earned between the start of the year and May 29th, 149 days [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/05/30-may-2011-tax-freedom-day/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Tax Collection Statistics For The 2010/2011 Tax Year</title>
		<link>http://www.taxpenny.co.uk/news/2011/05/tax-collection-statistics-for-the-20102011-tax-year/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/05/tax-collection-statistics-for-the-20102011-tax-year/#comments</comments>
		<pubDate>Tue, 24 May 2011 15:19:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[tax collected]]></category>

		<category><![CDATA[tax statistics]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=493</guid>
		<description><![CDATA[Just how much did the Government collect in taxation in the last tax year? Well, we now know thanks to the release of detailed tax receipt information by HMRC.
A total of £446 Billion was collected in taxes in the last tax year. This figure includes all taxes, such as duties and VAT.

 55.4 percent of [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/05/tax-collection-statistics-for-the-20102011-tax-year/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Plumbers Tax Safe Plan (PTSP)</title>
		<link>http://www.taxpenny.co.uk/news/2011/04/plumbers-tax-safe-plan-ptsp/</link>
		<comments>http://www.taxpenny.co.uk/news/2011/04/plumbers-tax-safe-plan-ptsp/#comments</comments>
		<pubDate>Tue, 26 Apr 2011 18:34:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[UK Tax News]]></category>

		<category><![CDATA[plumbers tax safe plan]]></category>

		<category><![CDATA[ptsp]]></category>

		<category><![CDATA[tax disclosure]]></category>

		<guid isPermaLink="false">http://www.taxpenny.co.uk/news/?p=489</guid>
		<description><![CDATA[HMRC have introduced a tax disclosure scheme for plumbers who may not have disclosed all their income details for tax purposes in the past and would now like to draw a line beneath the matter.
Trades that are covered under the &#8216;Plumbers Tax Safe Plan&#8217; include:

Plumbing
Heating or Gas Installation

This includes people who install or repair fixtures/pipes [...]]]></description>
		<wfw:commentRss>http://www.taxpenny.co.uk/news/2011/04/plumbers-tax-safe-plan-ptsp/feed/</wfw:commentRss>
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