Tag: income tax
Tax threshold £12,570 freeze update as £220 alert issued and £18k plan gets backing
Labour’s decision to freeze income tax thresholds is set to wipe out a £117 reduction in household energy bills says study …
People earning £50,270 urged to make key pension check to ‘keep more money’
An expert has offered key advice on how to reduce the impact of moving into the 40% tax band. …
HMRC 11-day tax warning to people earning £50,000 or more
Taxpayers with certain sources of income are urged to check whether they’re subject to new tax rules coming into effect in days. …
State pensioners born before 1960 to receive new DWP letter
State pensioners can await some good news in April. …
UK households urged to act before April or face 60% income tax
A tax trap loophole will see many UK households pay 60% tax – but they have time to fix it before April. …
HMRC warning as taxpayers told ‘don’t get caught out’
HM Revenue and Customs warned that “you may be at risk” of tax avoidance schemes. …
Tax rule changes for nearly one million Brits starting from April
HMRC is offering various free support resources to assist with preparation …
State pensioners hit with £4,500 HMRC tax bills
The full new State Pension will move closer to the Personal Allowance threshold from April. …
Brits earning more than £12,570 issued £641 warning
A letter from HMRC may catch “many” by surprise, a bank has warned. …
Response given with one-week deadline on £20,000 personal tax allowance change
A major tax change is being called for …
