Taxation

HMRC Payslip Codes Explained: Here’s How They May Affect Your Tax Refund

Many UK workers never question the tax code on their payslip — yet it quietly shapes their take-home pay. A small adjustment by HMRC can mean the difference between overpaying…

HMRC

Over Nine Million State Pensioners to Face Tax Under New ‘Retirement Tax’ Rules

Starting in April 2026, over nine million state pensioners will be taxed for the first time as their pensions exceed the personal income tax allowance. This change, driven by the…

State Pensioners

New UK Inheritance Tax Rules on Pensions -What You Need to Know

A partir d'avril 2027, les nouvelles règles fiscales sur les successions en Grande-Bretagne toucheront les pensions à cotisations définies. Ces changements pourraient entraîner des taxes plus élevées pour les héritiers…

Inheritance Tax

Rachel Reeves Urged to Scrap ‘Stealth Tax’ as One in Seven Britons to Be ‘Classed as Higher Earners’

Experts warn that the continued freeze on tax thresholds is exacerbating the Stealth Tax issue, pushing more Britons into higher tax brackets. Chancellor Reeves faces growing pressure to act before…

Rachel Reeves

Commons Debate Opens Path to Potential Rise in Personal Tax Allowance

Calls to raise the Personal Tax Allowance are reigniting debate over the fairness of the UK’s tax system. Millions could be affected if fiscal thresholds remain frozen through the next…

Rachel Reeves Personal Tax Allowance

HMRC Forces Fraud Victims to Pay Tax on Stolen Pension Savings

Pension fraud victims in the UK are being forced to pay tax on money stolen by criminals, sparking outrage across the country. Many are left in financial distress after losing…

HMRC fraud payments

Petition to Raise UK Personal Tax Allowance to £20,000 Gains Momentum

Pressure is mounting on the government as calls to raise the Tax Allowance gain momentum. With a parliamentary debate now possible, the issue remains a focal point ahead of the…

Petition to Raise UK Personal Tax Allowance to £20,000 Gains Momentum

HMRC Tax System: Why High Earners Could Face Up to 60% Tax Rates

The UK’s tax system is causing a huge financial burden for high earners, with many now facing tax rates of up to 60%. Thousands of workers, earning between £100,000 and…

HMRC Tax system

Drivers to Face £345 Car Tax Fees in Less Than 3 Weeks Amid April Tax Increase

Starting April 1, 2025, van owners will face a £10 increase in Vehicle Excise Duty, bringing the annual tax to £345. Electric vans will also be subject to Car Tax,…

Car Tax

As Disability Cuts Loom, Starmer Urged to Consider Wealth Tax Alternative

As the government looks to implement significant cuts to disability benefits, Labour faces increasing internal criticism. Senior figures, including Diane Abbott and Andy Burnham, are calling for a wealth tax…

Keir Starmer cuts

How the Upcoming Inheritance Tax Changes Will Affect You in 2025

Starting in April 2025, new Inheritance Tax rules will affect how assets are taxed, with significant changes on the horizon. These adjustments are expected to impact many families, particularly those…

How the Upcoming Inheritance Tax Changes Will Affect You in 2025

Pensioners Could Get £1,000 Tax Break as HMRC Faces Pressure

The government is under pressure to lift pensioners out of tax brackets as rising state pensions edge closer to the frozen £12,570 threshold. Campaigners demand urgent action, warning that retirees…

HMRC Pensioners

UK Drivers Face New DVLA Car Tax Rules From April 2025

From April 2025, electric and low-emission vehicles will no longer be exempt from road tax. The DVLA confirms all vehicles will now be taxed under the same system as petrol…

DVLA Car Tax Rules

Martin Lewis Issues Urgent Warning for Anyone With Over £10,000 in Savings

Martin Lewis has issued a warning to savers with over £10,000 in the bank, explaining how a little-known tax rule could mean they owe more to HMRC than they expect.

Martin Lewis

UK Drivers Urged to Act Before Car Tax Hike Hits Electric Vehicles

Starting in April 2025, all electric vehicles in the UK will face a new Car Tax of £195 annually, urging drivers to act before the change takes effect.

Electric Vehicles

UK High Street Faces £1BN Tax Hike as Business Rates Discount Is Slashed

Shops, pubs, and restaurants across England will face a significant tax hike in April as the government reduces its business rates discount. Industry experts warn that small businesses will be…

UK High Street Faces Business Rates Discount

HMRC Update: Some Drivers Spared From April’s Car Tax Increase

Car tax changes are coming in April, but HMRC has confirmed a key exemption that could save some drivers from higher costs. The update brings relief to businesses and individuals…

HMRC double cap pickup

Council Tax Bills Are Changing in Cambridgeshire—Check Your New Rate

Most Cambridgeshire residents will see a council tax increase this year, with authorities adjusting their rates for 2025. While some districts have opted for a freeze, others have approved higher…

Council tax

UK Vehicle Tax Shake-Up: Electric Car Owners Face New £2,000 Levy From April

Starting April, major changes to UK vehicle tax will leave millions of drivers paying more, including those who own electric cars. The Expensive Car Supplement, once exempting EVs, now adds…

UK electric vehicle tax

Martin Lewis Warns Savers About £20,000 Tax Threshold on Interest Earnings

Many savers may unknowingly exceed tax-free interest limits, leading to unexpected charges. Martin Lewis explains how income levels determine these thresholds and ways to reduce tax on savings.

Martin Lewis

ISA Tax Blow: Millions Face Higher Costs as Reeves Slashes Tax-Free Allowance

Millions of savers could be hit with a significant new tax as the government considers cutting ISA allowances. The potential change could mean thousands lost in tax-free interest, sparking industry-wide…

UK Cash ISA

Pensioners Caught in Tax Trap as State Pension Breaches Allowance

For decades, the state pension has been a lifeline for retirees, but now a major financial shift could change that. As pension payments increase, frozen tax thresholds mean millions may…

Pensioners

Council Tax Slashed: UK Households Won’t Pay a Penny for the Next Month

Those who pay in ten instalments rather than twelve will automatically benefit from this break in February and March, easing financial pressures at the start of the year.

UK council tax

Labour MP Breaks Ranks to Oppose Farm Tax, Sparking Party Tensions

A Labour MP has gone public with concerns over the proposed farm tax, calling for urgent changes to protect small family-run farms. Behind closed doors, discontent is reportedly spreading among…

Labour farmers

HMRC P800 Letters Are on Their Way – Find Out if You’re Owed a Tax Refund

HMRC P800 letters are being sent out, informing taxpayers whether they are due a refund or need to settle unpaid tax. Find out what it means for you.

HMRC P800 Letters

UK Electric Car Drivers Urged to Renew Tax Now to Save £195 Before April Deadline

Electric car drivers in the UK risk paying an extra £195 in road tax from April 2025. Renewing before the deadline could extend their tax exemption for another year.

UK Electric Car

Rachel Reeves May Target Five Key Areas for Tax Increases in the Spring Statement

Tax hikes could be on the horizon as Rachel Reeves eyes new revenue sources in the upcoming Spring Statement. From pensions to inheritance tax, five key areas may be targeted—will…

Rachel Reeves

ISA Savers Can Bypass New Cash Limit With ‘Proxy’ Accounts – Expert Reveals How

Savers may need to consider proxy ISAs if the annual cash ISA limit is reduced. Experts warn that holding too much cash in ISAs could hinder long-term growth.

ISA Savers Can Bypass New Cash Limit With ‘Proxy’ Accounts – Expert Reveals How

UK Explores New Car Taxes to Offset £25BN Fuel Duty Decline

The rise of electric vehicles is reshaping the UK’s tax landscape, with fuel duty revenue set to plunge. A government report warns of a £25bn shortfall, raising urgent questions about…

Electric cars

Pensioners Face New Tax Threat—Calls Grow for £1,000 Personal Allowance Increase

Campaigners say the government’s tax policies are unfairly pushing pensioners into taxation, despite their limited incomes. With the state pension nearing the tax threshold, many retirees could soon find themselves…

uk pensioners

HMRC Warns Millions in the UK About New Tax Charges – Are You Affected?

Millions of UK taxpayers are now facing unexpected HMRC tax bills on their savings due to rising interest rates and frozen allowances. With more people exceeding their Personal Savings Allowance,…

HMRC

Scotland’s Council Tax Increases: The Areas Facing New Hikes Today

Several Scottish councils are finalising their tax increases today, with some residents facing the largest hikes in years. More than half of the country’s local authorities are announcing their rates…

Council tax increases

HMRC Pulls Thousands Into Inheritance Tax Net – Could You Be Next?

Thousands of families are facing unexpected inheritance tax bills as frozen thresholds and rising property values push more estates above the tax-free limit.

Inheritance Tax

29 UK Councils Set to Hike Council Tax by up to £214 – Is Your Area Affected?

Council tax bills are set to rise across 29 UK local authorities, with some households facing hikes of over £200. Which areas are affected, and why are these increases happening…

Council Tax Bill

New Tax Rules Push UK Hospitality Firms to Slash Jobs and Cut Hours

Tax reforms set to take effect in April have left UK hospitality businesses struggling to balance rising costs. Industry bodies warn that job losses, reduced trading hours, and investment cuts…

UK jobs

April 2025 Car Tax Changes: Full List of New Rates and Shocking Increases for Drivers

Major car tax changes are coming in April 2025, hitting petrol, diesel, and even electric vehicle owners. Find out who will pay more and how much it could cost you.

April 2025 Car Tax Changes Full List of New Rates and Shocking Increases for Drivers

HMRC 20 Minute Task Could Save Families up to 4,000 Pounds

Millions of parents could unlock up to £4,000 in childcare savings with a simple 20-minute HMRC task. Are you missing out?

HMRC

UK Vehicle Tax Changes 2025 Millions of Drivers Face New Charges Up to £195

Major changes to UK vehicle tax are coming in 2025, with some drivers facing charges of up to £195 for the first time. Find out who will be affected and…

UK Vehicle Tax

Universal Credit Childcare Scheme Leaves Parents Struggling to Cover Costs

Amid rising housing costs, Australia takes a decisive step targeting Foreign Investors. But will this measure have the desired impact?

Universal Credit Childcare Scheme Leaves Parents Struggling to Cover Costs

HMRC Fines: Over 1.1 Million Taxpayers Risk Penalties for Late Self-Assessment

Late tax filings could lead to rising penalties and increased scrutiny from HMRC. Many taxpayers are now facing unexpected financial consequences.

HMRC Self Assessment

HMRC Rethinks LLP Tax Rules—Here’s How It Impacts High-Earning Partners

HMRC just reversed course on a key tax policy that could have cost private equity firms and accounting giants millions. The decision follows intense lobbying and signals a shift in…

HMRC Tax

Martin Lewis Urges Couples to Act Before 1 March to Claim £1,200 Tax Benefit

Martin Lewis urges couples to act before the deadline to secure a valuable tax benefit—a simple step that could mean extra cash.

Martin Lewis

Council Tax Crisis: Poorest Households Now Paying Almost Double

Low-income households in the UK are seeing a growing portion of their earnings consumed by council tax, according to new research. The bottom fifth of earners now pay 4.8% of…

Angela Rayner Households

Rachel Reeves Weighs Possible Income Tax Adjustments Amid Fiscal Challenges

Could income tax changes be on the horizon? Chancellor Rachel Reeves is reportedly reviewing options to tackle growing fiscal pressures, with a potential freeze on tax thresholds being discussed. As…

Chancellor Rachel Reeves

New Update on Demand to Raise Personal Tax Allowance to £20,000 for All Pensioners

A major tax reform petition has reached a key threshold, forcing the government to issue an official update on whether the Personal Tax Allowance could rise to £20,000. Supporters say…

HMRC

UK Government Considers Cuts to ISA Tax Breaks, Sparking Concerns

Speculation is growing over potential ISA tax reforms, with concerns about their impact on savings and mortgage lending. Could this reshape the UK's financial landscape?

ISA Tax Cuts

Whisky Industry Warns UK Government: Tax Hike Slashes Revenue by £300 Million

A £300 million drop in tax revenue has put the UK government’s whisky duty hike under intense scrutiny. Industry leaders argue that rising costs and looming US tariffs could deepen…

Scotland whisky industry

Scotland’s Property Tax Shake-Up: What Could Replace the Current Council Tax?

For years, Scotland’s council tax system has faced criticism over fairness and outdated property bands. Now, the Scottish Government and Cosla are taking action, but what reforms are actually on…

HMRC Issues Urgent Warning—Thousands of Taxpayers Given 60 Days to Dispute Bills

Thousands of UK taxpayers are receiving Simple Assessment Letters from HMRC, informing them of tax owed or refunds due. With more pensioners and savers being drawn into the tax system…

HMRC Letter

New UK Vehicle Law Grants Refugees Major Tax and Licence Benefits – Are You Affected?

The UK government has quietly extended key vehicle exemptions for Ukrainian refugees, easing financial strain and simplifying mobility. A new rule adds months to their licence validity while also cutting…

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