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UK taxpayers will celebrate a special day – Tax Freedom Day, the day which marks the theoretical point in the year at which we stop working for the government and start working for ourselves*. It falls on the 2nd June this year, which is one day earlier than last year**. Unbiased.co.uk, the organisation promoting the benefits of independent financial advice, is urging individuals to take action and reduce the amount of tax they pay each year to bring their personal Tax Freedom Day forward. With an average of £183 wasted on unnecessary tax liability per person this year**, which is a massive 14% increase on last year, action is urgently needed.
David Elms, Chief Executive of unbiased.co.uk commented:
“Tax Freedom Day is a key date in any UK taxpayer’s diary as it highlights just how much time we spend working for the taxman each year. By taking tax action now and ensuring that your finances are as tax efficient as possible you can move your personal tax freedom day to earlier in the year and reduce your tax burden as well!”
Read more > June 16, 2008, 7:59 pm