48 results for "taxpayers"

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 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...

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)...

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...

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...

People with £7,500 in their savings accounts have been warned about an unexpected HMRC tax. A personal finance expert has revealed key errors and hazards in the savings account procedure...

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...

Since 1997, British elderly citizens have been given heat allowances that are not taxed. This Winter Fuel Payment was initiated years ago by the Labour Government and used to give...

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...

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...

Winter Fuel Payments will be replaced by a newly introduced devolved lump sum from the Scottish government later on this year. Pension Age Winter Heating Payment (PAWHP) is set to...

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...

July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....

The Woman Against State Pension Inequality (Waspi) campaign has recently issued a scam alert to thousands of people across the country in response to allegations of fraudulent compensation claims. Campaigners are...

Following two National Insurance cuts earlier this year— one in February and another in April— totaling an average of £900 altogether, Rishi Sunak has committed to providing an additional average...

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...

The Housing Benefit is now part of Universal Credit for those of working age, but remains available for those over State Pension age and for specific types of accommodation. Understanding...

Experts are warning taxpayers not to risk losing their hard-earned money to the "most unfair tax in Britain". The controversial levy  is no other than the inheritance tax (IHT), which is levied...

To strengthen its campaign against benefit fraud, the UK government announced on Monday 13 May ambitious changes, promising to extend the investigative powers of the Department for Work and Pensions...

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...

British workers are set to benefit from a major financial break from HM Revenue and Customs (HMRC). As part of the Government's Spring Budget, HMRC is set to launch a...

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 Benefits System is on the verge of major changes that will redefine the way its citizens interact with the Department for Work and Pensions (DWP). These include people...

The UK Government's recent decision to freeze income thresholds could result in unexpected tax liabilities for around 127,680 married couples in the 2024-25 tax year. This is due to the...

Ministers have been advised that private sector workers and businesses must contribute more to their pensions to avoid a retirement crisis. Urgent Reforms Needed to Bolster Pension Contributions According to...

The former head of the civil service believes that public sector pensions should be reduced to help fund pay increases.  Public Sector Pension Concerns Exacerbated by Workplace Morale Crisis Lord...

The British government will be strengthening the Department for Work and Pensions (DWP) by extending its powers to combat benefit abuse. Akin to the authority held by HM Revenue and...

According to new UK government welfare reform proposals, more than one million people with mental health disorders might lose Personal Independence Payments (PIP) worth up to £737.20 every four weeks...

Prime Minister Rishi Sunak has announced massive changes to the UK's welfare system. Mr Sunak stated in a speech on Friday morning that it is a "moral mission" to reform...

Compensation provided for UK rail passengers for train delays has hit new highs, with yearly payouts exceeding £100 million and the number of claims for cancelled or delayed trains continuing...

Law firms have warned that private schools are being "forced" to anticipate redundancies in advance of Labour's planned 20% VAT on tuition fees. Following Sir Keir Starmer's proposal to tax...

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...

Over the weekend, the Home Office logged a staggering 748 migrants arriving in Kent after crossing the English Channel. Among them, 214 individuals were brought ashore at Dover on Saturday,...

Britain's economic vitality is under the microscope as the decision by the public sector to adopt a four-day work week generates much discussion and concern. Indeed, the Welsh Government, backed...

The start of the new tax year has brought a financial boost to millions of UK workers. National insurance schemes have been in place since 6 April 2024, and British...

The UK's Individual Savings Accounts (Cash ISAs) are about to undergo a number of changes as part of the Chancellor's Budget announcement in March. Savers will need to adjust their...

The UK has long been an attractive destination for most international students seeking a visa to study abroad. With its prestigious universities and global reputation, Britain's higher education system has...

In evaluating Jeremy Hunt's budget, the Resolution Foundation Thinktank reveals a historic downturn in household incomes throughout a parliamentary term, despite the Chancellor's insurance cuts. Thinktank Warns of Falling Household...

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,...

Commuters in England and Wales brace themselves for a notable change in their daily expenses, with rail fares set to increase by 4.9% starting this Sunday. This rise in train...

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...

In a promising development for UK households, energy bills are on the brink of reaching their lowest point in two years come April, thanks to a decisive move by Ofgem....

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...

Economists, including those at the National Institute of Economic and Social Research (NIESR), warn that the Bank of England's reluctance to share its plans for interest rate cuts may lead...

In a recent statement from Buckingham Palace, it was revealed that King Charles III has been diagnosed with cancer, prompting an outpouring of support from royal family members and political...

As the calendar turns towards the end of January, anticipation is building among taxpayers and professionals alike for the upcoming 2023 tax season. The Internal Revenue Service (IRS) is poised...