The HMRC have confirmed that tax payers will start to receive a personal statement each year, showing a breakdown of how their tax is spent.

Plans to provide personalised statements have been confirmed by the Treasury and George Osborne in his latest budget.

The aim of the statement will be to

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VAT and Tax increases start to Bite

Well another tax rise came into force yesterday. Everyone seems to have different views about the Vat increase from 17.5% to 20%. George Osborne announced it was necessary the fairest way of increasing revenue to reduce the budget deficit. Labour has a different

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HMRC started to tighten their grip on tax avoidance last year. It has been reported that £373 million in revenue was received as a result of targeting tax avoidance schemes. This represents a 21% increase on the previous year.

Figures obtained under the Freedom of Information Act show the result

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David Cameron told the BBC it would be "dishonest and irresponsible" not to spell out their plans if they were to win public support for their programme and deal with the "huge" deficit.

"We have to explain to people this is a clear and present danger to the whole country. If we don't deal with

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