Tag: Taxes news
Millions of Brits risk missing out on key tax-saving opportunities as deadline approaches
There is a growing sense of stress and uncertainty surrounding investments …
Warning as 800,000 people to be dragged into paying more tax
The personal savings allowance, introduced in 2016, is a set amount of interest that a saver can earn before tax is due. …
Labour to hit 2.5 million people with sneaky tax hike
Millions of people will be dragged into paying income tax as millions of others will be forced to pay the higher rate band. …
Fears of new tax rises as government borrowing surges
Public sector net borrowing came in at £17.4bn in October, which was £1.6bn more than a year ago …
Demand for reform after more than 80,000 low earners hit by HMRC penalties
More than 60,000 of the unfair fines were never rescinded, new figures show …
Thousands of pensioners hit with April HMRC warning
The freeze on tax allowance means more pensioners will be forced to file a tax return to HMRC for the first time …
Rachel Reeves urged to raise taxes by ‘patriotic millionaires’
The group argue that warnings higher taxes will drive the rich to move overseas or cancel investments in UK businesses are overblown. …
Wealth tax call to hit 75,000 to raise £130 billion over five years to fund UK renewal
The money would be used to pay for a mass insulation programme for the nation’s homes to cut energy use and bills. …
Warning of ‘horror’ tax bills despite £5.4 billion surge in government raid on incomes
The figure was up by £5.4 billion on the same period last year in a stealth rise which was largely driven by the freeze on tax allowances …
