38 results for "taxation"

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…

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…

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

Millions of UK workers could be £450 worse off if Labour raises National Insurance in the upcoming Budget, reversing a previous tax cut.

Rachel Reeves is due to present Labour's first budget for 15 years on 30 October, which aims to close a £22 billion deficit in public spending.

Pressure mounts on Chancellor Rachel Reeves to adjust State Pension, but experts warn of long-term economic risks and the potential depletion of pension funds.

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.

Starting Monday, 16 September, the Department for Work and Pensions (DWP) is introducing new rules that will limit Winter Fuel Payments. DWP Faces Criticism Over Winter Fuel Payments and Pension...

As many struggle with the rising costs of living, Brits are being reminded to ensure they are receiving all the financial assistance they are qualified for to. This year, DWP benefits increased...

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...

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...

Immediate financial cuts worth billions of pounds will be announced by Rachel Reeves, the Chancellor, as part of her plan to resolve a £20bn shortage in the national accounts. The...

Labour leader Sir Keir Starmer is preparing to offer significant pay rises to teachers and nurses, although this would require higher taxes or further borrowing. Starmer Faces Fiscal Challenges with...

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...

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...

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...

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...

The Conservatives are aiming to secure the support of older voters ahead of the next election by introducing a new ‘triple lock plus’ policy to boost pensioner incomes. The new...

UK households' gas bills could be hit by a £1,000 increase if further proposals to transfer eco-taxes from electricity bills to gas bills are implemented. Claire Coutinho, the Energy Secretary,...

Diesel drivers are being slammed with hundreds of pounds in extra costs to park near their properties under Labour Council's regulations. Diesel Drivers Hit with £250 Yearly Parking Surcharge in...

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...

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...

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...

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....

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...

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...

Jeremy Hunt's recent Budget 2024 announcement includes a strategic manoeuvre: a 2p reduction in national insurance rates. This decision aims to boost both his declining approval ratings and revitalize the...

UK Chancellor Jeremy Hunt's Budget 2024 announcement may have left you wondering about the impact on your finances. Substantial changes are on the horizon, with key measures on tax, benefits,...

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...

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...

As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain's extended public services will bear the burden of post-election spending cuts....

Since the onset of the 2020 global health crisis, the wealth of the richest individuals has reportedly doubled, creating a stark contrast to the widespread impoverishment and hunger faced by...

Travelers to France, prepare for a budget bump! Your flight tickets are poised to become pricier in 2024. This increase stems from a new tax introduced by the French government,...