Tag: income tax
HMRC to contact 887,000 savers with over £3,500 in the bank
Many savers may be unaware they’re at risk of a tax charge. …
Personal tax allowance increase to £20,000 update ‘in days’ in Commons showdown
Rachel Reeves’ Treasury will have to explain why it refuses to raise the controversial ‘fiscal drag’ threshold, which ‘targets the poor’ in the House of Commons …
State pensioners warned of ‘sudden tax bill’ in ‘yet another blow to pensioners’ pockets’
Millions of retirees could be paying income tax by 2027, a financial expert warns, as the personal allowance band remains frozen. …
HMRC rule changes for thousands of drivers who earn more than £30,000
Drivers should start preparing now to avoid the risk of penalties. …
HMRC £10 a day penalties to be charged to thousands of people
The penalties and fees are piling up for some people …
Wealthy over-85s hit hardest by pension tax trap
Analysis reveals that 46% of people aged 85 to 89 now exceed the personal tax-free allowance of £12,570 …
Rachel Reeves pledged no new taxes – in six months time she’ll break that promise too
Chancellor Rachel Reeves would like us to believe that she won’t have to hike taxes in her autumn Budget. …
Millions of state pensioners issued HMRC warning
Many more state pensioners could soon be hit with a tax “they won’t see coming”. …
New HMRC rule is ‘biggest change to personal tax’ in 30 years
Making Tax Digital for Income Tax is set to affect millions of self-employed individuals and landlords – and experts warn it will be a ‘significant shift’ …
HMRC warning to state pensioners earning over £597
State pensioners could start losing 20% of their income from this month if they earn over £597. …
