Tag: taxes
HMRC gives new response as ‘£100 penalty set to hit one group’
New data has been published …
State pensioners under 76 handed £246 a week after another triple lock boost
State pensioners will get at least £246 a week after the next triple lock boost kicks in. …
Key details on HMRC personal tax allowance update after Reeves decision
The number of people liable for the higher rate of income tax in the UK has surged by 50% since the start of the decade, according to latest figures from HMRC …
HMRC sends demand letters to those with £3,500 or over in savings account
HMRC could send you a tax bill letter if you have as little as £3,500 in your savings account in this new tax year. …
Tax freeze sees 1m extra pensioners hit by income tax – as £20 a month alert issued
HMRC figures show 8.16 million pensioners paid income tax in 2023-24, over a million more than the previous year …
Triple Lock State Pension rise narrows gap to frozen tax threshold for pensioners
The increase to the State Pension under the Triple Lock has been welcomed by many pensioners …
New HMRC personal tax allowance update after Reeves decision ‘means it’ll get worse’
The threshold hasn’t changed since 2021 and isn’t set to for another five years …
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 …
HMRC explains pension ‘up to 100%’ rule
A taxpayer asked a question as they were looking to retire soon …
Older drivers hit with car tax change from April
Britain’s oldest motorists face new Vehicle Excise Duty car tax fees as price rises come into effect. …
