How to Give Yourself a GBP 7,500 pay rise:Canny approach leads to many happy tax returns

From: The Scotsman | Date: September 13, 2005| Author: Jennifer Hill | Copyright information

TAX doesn't have to be taxing. So says the Inland Revenue in its advertisements. But many people still find the whole thing bamboozling.

It is easy to see why. There are a myriad different taxes, with varying thresholds, rates and regulations, that we are required to pay on income, savings, capital gains and inheritance. There's stamp duty, National Insurance and council tax. The list goes on.

"In recent years, more and more people have been brought into the taxman's net throug...