626 results for "tax"

Scottish universities are facing increasing financial pressures due to rising UK taxes and falling numbers of international students. Institutions are warning of possible job cuts and funding disparities that could…

Inheritance tax (IHT) reforms announced in the Budget are set to reshape the financial landscape for thousands of UK homeowners and pensioners. By freezing tax-free thresholds and including pensions in…

From April 2025, a major change to the UK tax system will require a group of previously exempt vehicle owners to contribute. This change is aimed at a growing category…

The UK Budget's tax hikes, particularly the rise in employer national insurance contributions, are set to hit consumer confidence and wage growth in 2025, warn analysts. Reports from Goldman Sachs…

Millions of households in high Council Tax bands could save up to £400 a year on their energy bills thanks to the government's new insulation scheme. Designed to tackle the…

UK retailers, including Tesco and Amazon, warn of “inevitable” job losses and price hikes due to Labour's planned National Insurance Contributions (NICs) increase.

Households in England and Wales are bracing for a financial shock as council tax bands undergo significant changes. With average bills rising by £109—and some soaring by £217—millions could face…

The DWP benefits can slash or even erase your council tax bill. From single discounts to full exemptions, find out if you’re eligible for significant savings that many people miss…

Savers could face a "triple tax" on their pensions due to ongoing government changes, raising concerns among retirees and financial experts. The removal of the lifetime allowance limit in April…

The State Pension increase in April could leave millions of pensioners may find themselves approaching or exceeding the income tax threshold.

His Majesty's Revenue and Customs (HMRC) reviewed late tax payment and refund costs in response to a Bank of England comment.

Households are advised to consider their pension plans in detail before the 2027 Inheritance Tax adjustments come into force.

Chancellor Rachel Reeves plans to raise £20bn through employer National Insurance hikes, marking Labour's first major tax reform since taking office.

Rachel Reeves' proposed freeze on the tax threshold could cost families more than £16,500, with analysis revealing hidden financial burdens.

There has been a notable rise in tax-free withdrawals from pension pots, prompting investment firms to call for stability and clarity in pension tax policies.

Labour’s inheritance tax reforms could tighten gifting rules, leaving families facing higher taxes on gifts made years before death.

Chancellor Rachel Reeves faces criticism for claiming £1,225 in expenses for tax return help, reigniting debate over MPs' taxpayer-funded privileges.

Major tax changes for electric vehicles in the UK will begin on 1 April 2025 and will affect both newly registered and older vehicles.

State pensioners are being warned by HMRC that they could be hit with a £665 tax bill, which includes those who have lost Winter Fuel Payments.  

Nearly half a million tax credit claimants are at risk of losing their benefits as the government transitions all legacy benefit recipients to Universal Credit.

A potential £16 billion tax increase on pension contributions could significantly reduce pension savings. Sir Steve Webb suggested this could occur if employers are required to pay National Insurance on…

British drivers will face higher car taxes from April 2025, including Vehicle Excise Duty for electric vehicles and added costs for luxury models.

Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…

The UK is considering a new 15p per mile pay-per-mile car tax that could significantly impact older drivers, particularly those aged 70 and over, who might pay around £249 annually.

Drivers planning long-distance trips may encounter higher expenses under the new pay-per-mile tax scheme, which is expected to significantly increase travel costs.

The new Labour Party government may introduce a pay-per-mile car tax, potentially replacing vehicle excise duty (VED), which could result in higher costs for families, who are expected to "pay...

Many petrol and diesel drivers could be forced to ditch their vehicles and switch to other modes of transport as new pay-per-mile tax changes are set to be introduced. New...

New vehicle tax changes scheduled for next spring have been heavily criticized and described as unfair by many drivers. New Vehicle Tax Set to Affect Electric Car Owners Starting in...

UK households may be able to reduce their council tax to £0 for the year. This warning was issued as an alarming 1.3 million families struggled to pay their Council...

UK investors are being reminded by HM Revenue & Customs (HMRC) to report and pay tax on crypto benefits they may have overlooked. HMRC Sends Warning Letters to Cryptocurrency Investors...

A conservative think tank has proposed a £5,000 Parental Allowance, urging the Department for Work and Pensions (DWP) and HMRC to consider it. Onwards has joined parenting platform Mumsnet to suggest offering a £5,000 tax...

Caution parents gifting their children money, as there could be an increase in inheritance tax bills, said professionals. Under present rules, individuals can make gifts of up to £3,000 per...

People who submit their taxes directly to HMRC through Self-Assessment are being urged to meet the deadline today, July 31. If they fail to do so, they could face a...

HMRC, the government's tax authority, is set to send an important tax letter to hundreds of thousands of UK residents this month urging them “not to ignore it”. UK Households...

The research shows that by 2026 million pensioners could suffer from so-called “retirement tax” on their state pension. Labour will hold the current tax threshold at £12,570 up to 2027-28....

UK pension holders and those with employer-contributed workplace pensions, as well as other private pension plans, have been notified of a smart tax-saving “backdate” strategy. Maximize Your Pension Tax Savings...

Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...

Individuals who have benefited from tax credits are being reminded to report any changes in their situation to HM Revenue and Customs (HMRC) before 31 July to avoid facing a...

If you are doing part-time work, it could be a good idea to review your tax situation to ensure you are not overpaying. During the summer, many people, especially students...

Beginning tomorrow, July 1,more than 90, 000 people currently claiming Employment and Support Allowance (ESA) and Child Tax Credits will be migrated to Universal Credit. Employment and Support Allowance (ESA)...

Married couples might be missing out on the marriage tax allowance due to difficulties in applying for it or simply being unaware they are eligible. It is estimated that two...

The number of people who pay the top rate of income tax in the UK, set at 45%, is expected to surpass 1 million for the first time this year....

Britons could get a lot of money back if they check whether the government owes them refunds. Many workers may have paid too much tax and could get a refund...

Nearly 4.5 individuals are being warned they could face a one-month deadline to submit their tax payments. Self-employed workers have only a few weeks to get their taxes in order....

Elderly people (Pensioners) in the UK are getting ready for a possible big tax hit if Labour wins the next vote. But even if the Conservatives stay in control, retired...

Council tax bills are expected to climb by £600 per year, delivering a cost-of-living shock to millions of households throughout the UK. Council Tax Warning: Funding Crisis Looms for Local...

Millions of UK households could face a council tax increase after July. The Labour Party's Wes Streeting has refused to rule out a council tax increase if it wins the...

The Labour Party has reversed its decision to bring back the Lifetime Allowance on pensions, a measure originally estimated to generate £800 million in tax revenue. This reversal led to...

Reform UK is expected to announce a bold economic strategy on Monday that includes raising income tax and inheritance tax thresholds. The party says these tax cuts can be financed...

A leading think tank is warning that ‘hidden in plain sight’ tax rises could cost British households £800 a year, regardless of who wins the election. Frozen Tax Thresholds Push...