256 results for "Tax"

The UK government has announced plans to give workers an extra £450 as the autumn approaches, in a bid to address what it sees as an unfair burden on people's...

A report by the UK's spending watchdog, the National Audit Office, has revealed that taxpayers have spent the equivalent of 800 years on hold with HM Revenue and Customs (HMRC)...

With a 4.9 percent rise from the year prior, the UK's green taxes revenue in 2023 was £52.5 billion, nearly returning to the pre-pandemic state. The rate of corporation tax...

The next government will be required to hit voters with post-election tax increases and delay net-zero investment unless it is willing to scrap Treasury guidelines for managing public finances, according...

Tourist tax is becoming increasingly popular within the travel business, as more popular holiday destinations either start to apply the tax or discuss the possibility of introducing it. With the...

Wealthy pension savers are being cautioned that a new “catch in the small print” of lifetime allowance legislation might put them at danger of paying excessively tax on pension withdrawals....

Experts issued a warning to individuals who are late in filing their UK tax returns to make the necessary corrections as soon as possible to avoid the higher penalties that...

The British citizens who are qualified for tax relief under HMRC's new travel rules have been identified. Andy Wood, a tax expert, outlines the difficulties of tax relief for travel expenses...

Following the passage of a key deadline, HMRC has begun issuing £10 daily fines to anyone who have yet to complete their self-assessment tax return. HMRC Imposes Daily Fines for...

Taxes and high interest rates are set to make the UK economy the slowest growing in the G7 next year, according to forecasts by the Organisation for Economic Co-operation and...

The UK Government has announced the Great British Insulation Scheme at a time when winters are getting colder and energy costs are soaring. This innovative initiative aims to ease the...

Amidst the renewal season for tax credits, HMRC has issued a crucial warning to 730,000 claimants. Those receiving Working Tax Credit and or Child Tax Credit will start receiving renewal...

The British population is currently grappling with a plethora of tax obligations, to an extent that event HMRC finds it hard to keep up. With allowances frozen or slashed, taxpayers...

The UK's famous seaside region of Cornwall is sparking talk of a possible 'tourist tax'. Backed by significant figures, the idea could open up new opportunities for travel in the...

Recent statistics suggest that many pensioners may have been overtaxed on their pension withdrawals. Claimants are being encouraged to check whether they are entitled to a tax refund from HM...

Over two million British households have been warned they may be missing out on council tax benefits worth more than £1,500 each year. Many People Could be Missing out on...

Following an incorrect amount of tax being charged on pension income, HMRC has refunded more than £42 million in pension tax overpayment refunds in the first quarter of 2024. HMRC...

According to tax specialists, HMRC is purportedly targeting around two million married couples in a new tax crackdown, and many are unaware of the approaching threat.  HMRC Targets Two Million...

Hundreds of motorists have revealed that they were aware that significant changes had been made to car tax fees, which will affect practically all petrol and diesel owners. Car Tax...

Brits are being urged to check their payslips as HM Revenue & Customs (HMRC) collect an estimated £5.8 billion in overpaid tax. This enormous error is mainly due to incorrect...

The think-tank claims that eliminating three important inheritance tax reliefs would create a fairer system and bring in £3 billion for the Treasury in the current tax year. In a...

The staggering sum of £23 billion encompasses a range of crucial benefits, including over £8 billion in Universal Credit, £3.4 billion in Council Tax Support, and more. According to a...

Households receiving tax credits received an urgent warning after tens of thousands of payments were reduced to zero. Transition to Universal Credit Sparks Benefits Suspension The significant transition comes as...

The cost of maintaining 'Gold-Plated' public sector pensions will be shouldered by taxpayers to the tune of an extra £2.5 billion, following the granting of one of the biggest pay...

April 6 represented an important turning point for 29 million British citizens, as a record reduction in National Insurance Tax Cut came into effect. This transformational event is the result...

In the UK, the growth of crypto as a major asset class has led HM Revenue and Customs (HMRC) to establish clear guidelines for the taxation of these digital assets....

According to the Institute for Fiscal Studies, more than half a million of UK pensioners will face paying income tax for the first time this week. Tax Burden on UK...

Tens of thousands of second home owners will face paying double council tax starting next year under new laws introduced by Michael Gove. According to an analysis directed by The...

Starting in April, the employment sector will be subject to a new legislation that will impact workers' pay and leave entitlements. Additionally, working parents will receive certain childcare benefits as...

UK Prime Minister Rishi Sunak's proposed wine tax changes have raised serious concerns across the industry. The new regulations, due to come into force in February 2025, could lead to...

By 2029, the UK is expected to lose £15 billion in fuel tax revenue, a warning from the nation's budget watchdog that underlines the need to raise or replace fuel...

According to recent data, over 13,000 wealthy households were hit with unexpected inheritance tax bills as high as £1.4 million on lifetime gifts after the donor's passing, within seven years...

In an audacious move to stimulate international investment, El Salvador has announced the complete removal of income tax on inward investment and remittances. This major step is part of comprehensive...

As school holidays approach, HMRC is urging working parents to check if they qualify for Tax-free childcare benefits. Families Urged to Sign Up for Tax-Free Childcare Before Easter Break With...

British pensioners with income tax may be concerned to learn that they stand to lose £1,000 in Chancellor of the Exchequer Jeremy Hunt's new Budget. His proposal to freeze the...

As anticipation grows among Conservative Members of Parliament, Chancellor Jeremy Hunt is expected to unveil a substantial £5 billion pre-election tax break for motorists in the forthcoming Budget. Speculation is...

As the eagerly anticipated Budget announcement approaches this Wednesday, Jeremy Hunt has dropped hints suggesting a potential introduction of tax cuts. This strategic move, if implemented, could have significant implications...

Chinese electric car brands are steering towards the UK, launching low-cost, long-range electric vehicles that pose a challenge to local manufacturers. With competitive pricing and advanced technology, these Chinese electric...

Pensioners have encountered an unforeseen financial setback, as newly disclosed figures reveal the imposition of an "emergency" income tax bill, reaching as high as £55,000 for some individuals, subsequent to...

Britain's tax burden is set to hit an all-time high regardless of what the Chancellor announces in next week's Budget, according to a new analysis. This is primarily due to...

The Institute for Fiscal Studies (IFS) has warned that Chancellor Rishi Sunak's recent fiscal measures targeting workers and businesses are projected to result in an additional £100 billion in taxes...

Jeremy Hunt received a pre-budget boost with the latest government borrowing figures revealing that the UK achieved a monthly budget surplus in January, marking a record since modern record-keeping began...

As local authority funding faces an acute crisis, fresh analysis reveals an alarming trend: the overwhelming majority of councils across the UK are gearing up to enact maximum council tax...

Understanding the subtleties of Capital Gains Tax (CGT) is essential in the world of personal finance. Gains, i.e. profits made on the sale of assets such as shares, bonds or...

In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,...

In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more...

As the UK nears a historic milestone, welfare costs soar, with the working-age benefits bill set to exceed £100 billion this year. This unprecedented expenditure, linked to a surge in...

The Chancellor's recent decision to abolish the pensions "lifetime allowance" marks a landmark day for British pensions. The move holds the potential to reshape the landscape of retirement savings, promising...

Jeremy Hunt, has indicated that there will be limited space for tax cuts in the upcoming spring budget next month. This announcement comes shortly after the IMF cautioned the UK...

Jeremy Hunt remains committed to proceeding with tax cuts, despite the International Monetary Fund (IMF) cautioning that the increasing debt burden and NHS challenges render such cuts unsustainable for Britain....