Tag: tax
New ‘£34,000’ average tax alert as nearly 40,000 to face HMRC hit thanks to Rachel Reeves
Thousands are set to be hit when the tax change takes effect …
Increase tax-free Personal Allowance to £17,610 with ‘backdating’ HMRC rule
Some households can use this little-known ‘backdating’ method to get a much-improved £17,610 Personal Allowance, totally tax-free. …
Martin Lewis clarifies key tax rule as people misunderstand what they will pay
He answered a question from someone with a radical idea for avoiding being taxed …
Motability update to users over 2026 tax changes as government makes admission
Changes to the Motability scheme from next year could have consequences for users …
Tax-free Personal Allowance raised to £13,830 for ‘backdating’ households
Some households can use a ‘backdating’ method to get a much improved £13,830 Personal Allowance tax-free. …
Rachel Reeves could scrap popular pension policy in Budget – and you’ll pay more tax
Labour Chancellor Rachel Reeves hinted recently there could be tax increases in the Budget and it is feared she could scrap a popular pensions option …
Rachel Reeves set to target millions of Brits with £2,300 savings tax
Figures released by HMRC show that 2.64 million people could be hit by the tax. …
Outcry as more than half a million savers still hit by pension tax overcharging
Figures released by HM Revenue and Customs reveal that £48.7 million in overpaid pension tax was refunded in just the last three months alone …
HMRC payslip alert as it urges workers to spot key red flags
HMRC has issued a warning to employees working at certain kinds of companies as they need to ensure they are not ‘caught out’. …
People working from home could face surprise repayment bill from HMRC
HMRC is getting stricter after rules for tax relief changed …
