The deadline to file your tax return for the 2024/25 tax year, and pay any tax owed, was January 31 HMRC will start charging 5% of unpaid tax owed from March 3(Image: georgeclerk via Getty Images) One million taxpayers have until March 3 to avoid additional fines from HMRC for missing the self-assessment tax deadline.
It was better news on tax receipts than we are used to. After several months of the borrowing figures rising higher and higher, and with the gilts market turning more and more nervous, January’s data suddenly looked a lot better than had been expected. The first month of the year is always a bumper four
HMRC is boosting the Personal Tax-Free Allowance with one tax code. The letter ‘M’ stands for Marriage Allowance, meaning you’ve received a transfer of 10% of your partner’s Personal Allowance. Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. Your Personal Allowance is the amount you can
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An unhappy new tax year beckons on April 6. In six weeks’ time, nearly 1mn freelancers and buy-to-let landlords will become guinea pigs in the government’s Making Tax Digital experiment. Dubbed the biggest tax shake-up
The HMRC has alerted Brits to tax changes coming in April The change follows HMRC’s push for a comprehensive digital modernisation of Self Assessment(Image: fizkes via Getty Images) Millions of self-employed people and landlords are preparing for a massive transformation of Britain’s tax system from April 6. The change follows HMRC’s push for a comprehensive
The Individual Savings Account (ISA) allows people to save money tax-free There is a limit on how much you can have in your ISAs(Image: Getty) UK savers must adhere to a crucial £20,000 threshold. An Individual Savings Account (ISA) enables individuals to save money and earn interest tax-free. However, there’s an annual cap on how
Renfrewshire Council’s budget includes a £2.1m investment to complete a long-running project to refurbish or replace every play park in the region. It will also devote cash to an existing £50 winter school clothing payment to eligible children and will replace a mobile library. East Ayrshire’s council tax increase, which was originally proposed at 8%,
Bromley residents are set to face a rise in their annual council tax bill from April as the council moves to increase charges by the maximum amount allowed without a referendum. Bromley Council is set to sign off a 4.99 per cent rise in its share of council tax for 2026/27 at a meeting tonight
Wealth manager Evelyn Partners has set out eight key financial checks ahead of April 6 Experts have set out eight key financial checks ahead of April 6(Image: Hispanolistic via Getty Images) Households with pensions, savings and investments are being warned to take action before the tax year ends – or risk losing out on important
At a meeting of Powys County Council on Thursday, February 26, councillors narrowly voted in favour of proposals for the 2026/2027 budget. Finance portfolio holder Councillor David Thomas (Labour – Tawe Uchaf) presented the draft budget, which explained the need for the 4.9 per cent Council Tax increase, as well as outlining that the council will