Taxation

With the tax-year deadline approaching, Nationwide has introduced new ISA products and raised some rates. The move comes as banks intensify their fight for savers during the annual ISA season,…

Martin Lewis has issued a warning to couples who may be missing out on a £1,260 tax saving. As the tax year deadline nears, many could qualify for the Marriage…

From April 2026, 59 high-emission cars, including well-known models from brands like BMW, Mercedes, and Porsche, will be hit with a £5,690 VED tax. This steep rise is part of…

Time is running out for taxpayers who missed the January 31 deadline. With only one day left to pay, they risk facing a 5% surcharge on unpaid taxes and additional…

With a major change coming to Cash ISAs in April 2027, savers have a rare opportunity to deposit up to £40,000 tax-free before the rules are slashed. Experts urge Brits…

Inheritance tax is on the rise, with more families set to face higher tax bills as property values increase and pension assets are brought into the equation.

Council tax is set to rise as local authorities implement new 20mph speed limits, sparking backlash among residents. The increased tax will fund these changes, but not everyone is on…

A crucial update on Vehicle Excise Duty (VED) could spell trouble for owners of 20-39 year old vehicles. With tax rates on the rise, many drivers are left wondering if…

More than 860,000 landlords and sole traders must prepare for digital tax reporting from April. But experts warn that over 200,000 who currently file alone could face higher accountancy fees.

Savers are being urged to review their ISA plans before time runs out, as fresh industry data highlights a widening divide between saving strategies and policy changes scheduled for 2027…

HMRC is increasing scrutiny of inheritance tax returns, examining bank statements, investment income and overseas transactions to uncover potential underpayments and undisclosed assets, as part of a broader push to…

As wages rise, workers will find themselves paying more in taxes without any rate hikes. The government’s freeze on tax thresholds means millions will see a larger share of their…

The UK government has granted permission for seven councils to raise their council tax rates beyond the usual 5% cap, sparking debate. With financial pressures mounting, these councils face significant…

UK drivers will soon face a new pay-per-mile tax set to add hundreds to vehicle running costs by 2028. While the government insists it’s fair, critics warn the move could…

HMRC's new penalty points system has arrived, replacing automatic fines with a points-based structure. If you miss a deadline, you'll receive a penalty point. Accumulate enough points, and you'll face…

A quiet tax freeze is triggering a big shift, and middle earners are footing the bill. IFS data shows those on £48,000 could lose more than some top earners.

With the tax deadline looming, a UK accountant reveals five unexpected red flags that could trigger an HMRC investigation. From late filings to mismatched income, the warning signs aren’t always…

Not every car on UK roads is paying VED this year. Thanks to DVLA exemptions, three types of vehicles remain fully tax-free. Are you missing out on legal savings?

Many UK households are missing out on up to £16,000 in potential tax-free income. Experts reveal five overlooked allowances that could drastically reduce your tax bill.

Millions of UK taxpayers are being warned by HMRC just days before the deadline. A vital 10-digit code is now at the centre of a national rush.

Annual increase aimed at balancing the 2026/27 budget amid rising service costs. No cuts to services planned despite growing financial pressures across key departments

A sharp rise in HMRC’s late payment interest rate has sparked widespread criticism among UK taxpayers. While those missing the deadline face charges nearing 8%, refunds come with a far…

Proposed reforms could limit returns on cash ISAs and reshape the UK savings landscape. The Treasury aims to close ISA loopholes, but industry voices warn the changes may backfire.

A total of 5.6 million UK taxpayers paid too much in income tax during the 2023–24 financial year. Errors in HMRC systems and outdated tax codes were cited as key…

New digital scheme set to replace Self Assessment process for many UK taxpayers. Quarterly income reporting and software-based record keeping will be introduced under Making Tax Digital.

HMRC just released a critical update that’s caught many taxpayers off balance. With the filing deadline closing in, the timing has fuelled anxiety and frustration.

An error affecting nearly half of all UK local councils could mean unpaid carers have missed out on up to £1,000 annually. Outdated or missing information on council websites has…

With income tax thresholds frozen since 2021, more than a million extra people have received demands from HMRC. Rising pensions and savings interest are pushing individuals over the personal allowance…

HMRC’s updated penalty system is set to hit millions of taxpayers across the UK. With escalating fines and interest rates, late tax returns could cost you more than ever.

HMRC has issued over 300,000 "simple assessments" to UK taxpayers, demanding small sums of tax, with some amounts under £100. These assessments are part of efforts to collect unpaid taxes.

HMRC’s payments on account system is pushing newly self-employed workers to pay in advance for income they haven’t yet earned, raising confusion and financial pressure across the country.

An unexpected tax code is reducing income for workers and pensioners across the UK. HMRC is using a little-known method to collect debts directly from your pay.

Property owners in England with homes valued above £2 million will face additional charges from 2028. The new bands, unrelated to current council tax valuations, could cost some households up…

From April 2027, millions of UK savers will see higher tax bills on their savings interest as new fiscal rules come into effect. The basic, higher, and additional tax bands…

Families warned to take care with cash and large gifts this Christmas. Gifting above HMRC’s thresholds could expose loved ones to unexpected tax charges if not planned carefully.

Individual Savings Accounts (ISAs) have long been hailed as a popular and effective way for UK savers to grow their wealth without incurring tax charges. The promise of tax-free growth…

Martin Lewis, the founder of MoneySavingExpert, has issued a warning to UK savers, suggesting that many could be paying more tax than necessary on their interest earnings. The tax treatment…

The UK’s tax system can be a maze, but for some married couples, a little-known scheme could offer significant savings. A method known as "backdating" allows couples to increase their…

In a move that will affect hundreds of thousands of remote workers across the UK, the government has announced the cancellation of the £6-a-week working from home tax relief starting…

Labour's plans for a shake-up of the council tax system could significantly affect millions of homeowners across the UK. As the government prepares to unveil reforms, critics warn of potential…

The Treasury is reportedly considering a new overnight stay levy for tourists, potentially raising £500 million a year. Industry leaders warn it could harm domestic travel, inflate costs, and threaten…

With just days before the autumn Budget, Chancellor Rachel Reeves and Prime Minister Keir Starmer have reversed course on a controversial proposal to raise income tax, scrapping the plan after…

As HMRC works to catch up with the latest changes in personal circumstances, many individuals are receiving new tax codes, particularly those with savings interest. These updates come as the…

As the UK government prepares for its upcoming Budget, fears are growing that tax rises may be on the horizon. Among the most discussed proposals is a potential 2p rise…

A proposal to include unused pension pots in inheritance tax (IHT) calculations is drawing growing concern from economists and pension experts. Rachel Reeves, Chancellor of the Exchequer, has indicated that…

A potential overhaul of pension rules is raising concern among experts as changes to tax-free benefits for pensioners are being considered.

The Stealth Tax is quietly affecting more pensioners as tax bands remain frozen. Find out how this could impact your finances in the years ahead.

HMRC offers a way for workers to reclaim money on certain work-related expenses, including uniforms. Find out how you could benefit from this little-known tax relief.

Struggling with Council Tax payments? There are several ways to reduce your bill, including the Council Tax Reduction scheme. Find out how you could benefit.