A range of tax rises will come into force this year that will add to what you owe HM Revenue & Customs (HMRC). While it’s not possible to avoid these tax rises, there are steps you can take which could reduce what you will need to pay. Being prepared for these changes is crucial to
America is being promised something politicians rarely dare to guarantee: more money in your pocket. Not in theory. Not in a 10-year forecast. But real, tangible cash when tax refunds land in 2026. The Trump administration describes it as a ‘feast and a banquet’. Critics, however, warn it’s a sugar rush the country simply cannot
Tax-efficient investment options ISAs (Individual Savings Accounts) ISAs allow UK residents to invest up to a set annual allowance each tax year, with any capital gains or income generated within the ISA generally free from UK tax. Stocks and Shares ISAs are commonly used for long-term investing and can hold a range of assets. Did
This figure shows how many people received a simple assessment tax bill in 2023/24 – here is who could be affected HMRC issues simple assessment tax bills(Image: Getty) More than 1.3million households received an end of year tax bill from HMRC – almost double the number just two years earlier. This figure shows how many
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 145 countries have agreed to exempt US multinationals from paying more corporate taxes overseas, watering down a landmark 2021 deal. The agreement comes six months after G7 economies negotiated a carve-out for US
HMRC has issued more than 1 million ‘simple assessment’ letters to people who owe income tax that cannot be collected via PAYE, with the average underpayment jumping from £600 to £920 in recent years 10:02, 05 Jan 2026Updated 10:03, 05 Jan 2026 HMRC data reveals a significant increase in so-called simple assessments(Image: Peter Cade via
This year will bring several tax changes that may impact your pocket, from higher dividend tax to changes to inheritance tax affecting farms, businesses and some gifts. While these updates won’t affect everyone, it’s important to know what’s coming, especially as another wave of major changes is already set for 2027. Here, Which? looks at
Analysis claims millions earning around £50,000 will see their take-home pay fall – but others are set to benefit 04:00, 04 Jan 2026Updated 08:06, 04 Jan 2026 Those relying solely on the state pension will be fully exempt from income tax(Image: Goran13 via Getty Images) Millions of pensioners and families on benefits are set to
Financial experts explain how to avoid paying unnecessary tax on savings using ISAs and personal allowances 06:08, 03 Jan 2026Updated 08:07, 03 Jan 2026 A savings mistake could see people paying more tax, an expert said today(Image: Getty Images) A money guru has revealed how Brits can dodge needless tax bills on their savings –
It went on to explain that it would mean all residents aged 18 and over would be subject to the new tax, based on their worldwide net wealth, with a banded tax structure. In the newsletter, P&F stated it aimed to “broaden the tax base” with these reforms and “create a modern framework alligned with