234 results for "tax bill"

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...

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...

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...

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...

Pension funds are anticipating a penalty worth tens of billions of pounds as levelling up secretary Michael Gove attempts to save his dream of reshaping the centuries-old property leasehold system...

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...

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...

From this Monday, energy bills across the UK are set to hit their lowest level for two years. However, the complex dynamics of the energy market point to a continuing...

Britain's households are set to be hit by a wave of rising bills for essential services, as a number of companies implement their annual price hikes from 1 April. The...

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...

U.S. President Joe Biden signed a $1.2 trillion spending package on Saturday, keeping the government covered for a fiscal year that started six months ago. President Joe Biden Approves Trillion-Dollar...

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...

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...

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...

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....

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...

At a critical moment, the UK is facing a looming council funding crisis that threatens essential services and local finances across England. This pressing issue demands immediate attention and decisive...

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 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....

Time is running out for pensioners to submit their backdated pension credit claims and secure this year's winter heating payment.

State Pensions are set to rise by 4.1% in April 2025, thanks to the Triple Lock. Full New State Pension recipients will see weekly payments increase, with annual boosts of…

The UK's healthcare system is under threat of massive shake-up, with doctors and nurses predicting an exodus due to potential changes to pension benefits proposed in the forthcoming Budget.

This week, millions of pensioners await crucial CPI figures to determine their State Pension increases for 2025/26, which may significantly impact their finances.

Labour's budget plans may significantly impact retirees, from cuts to winter fuel payments to potential pension reforms including means-testing, inheritance tax changes, and stricter pension access rules.

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.

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...

Although the rules for Winter Fuel Payments have becomes stricter, reducing eligibility for many, there are still various benefits payment and cash handouts that those of state pension age can...

HMRC is preparing to take action against the misuse of a childcare scheme. The tax authority has noticed that some businesses aren't adhering to the scheme's guidelines.  HMRC to Scrutinize...

A recent survey conducted by Just Group, which is a specialist in the later life, on 1,050 retired and semi-retired individuals has revealed that there is a significant lack of...

New mums who have recently stopped working or are self-employed could be entitled to a £184 weekly boost to their monthly income. DWP Maternity Allowance Provides Financial Support for New...

Seven major money and Department for Work and Pensions (DWP) adjustments will take effect in July. The upcoming month will bring updates to everything from energy bills to benefits, which...

HMRC is fining households throughout the UK up to £360 for failing to meet their self-assessment tax deadline. Every year, millions of people who are self-employed, own businesses, or just...

Recently, the Department for Work and Pensions (DWP) updated the list of identification documents required for people claiming Universal Credit in the UK. With 6.7 million people currently receiving Universal...

If you suffer from a physical disability or other health condition that affects your ability to walk safely, or if you have an invisible illness such as dementia, autism or...

Amid the cost of living crisis, a substantial number of people in the UK may be eligible for a range of financial support schemes and discounts facilitated by the Department...

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...

According to current statistics, approximately one million households in the UK could lose up to £6,500 in state pension due to a simple oversight in claiming child benefit. Shockingly, child...

A cross-party coalition of Members of Parliament is urging ministers to promptly allocate £4 billion to bolster English town hall budgets. This call for action aims to avert an imminent...

The Department for Work and Pensions (DWP) is rolling out £150 cost of living payments to low-income households as part of the Household Support Fund. This government initiative, managed by…

Rental prices in the UK are on track for significant increases over the next five years, with experts predicting sharp rises fueled by a shrinking supply of rental properties. As…

UK inflation rose to 2.3% in October, surpassing the Bank of England’s target of 2% and raising concerns over potential delays to interest rate cuts. The increase, driven by a…

Struggling with rising bills? A new £250 cost-of-living payment is set to bring relief to thousands of UK households. Here’s how the scheme works and who stands to benefit.

Reaching State Pension age opens the door to a wide variety of financial benefits designed to ease the burden of living costs in retirement. Yet many retirees remain unaware of…

Following Chancellor Rachel Reeves‘ speech announcing plans for massive 'Megafunds' to stimulate growth in the UK, questions are being asked: could this ambitious pension reform jeopardise retirement savings?

The UK government is set to launch 'pension megafunds' to drive economic growth and support local infrastructure investment. This reform will consolidate pension assets into larger funds, expected to generate…