The launch on April 6 will mark a significant and time-saving change for certain people reporting their income to HMRC. Mansion tax and private jet levy to be introduced in Scotland Sole traders and landlords earning more than £50,000 from self-employment and property are being urged to act now with two months left to prepare
Households in London and the South East of England are contributing 45 per cent of Britain’s total income tax bill, an analysis shows. In 10 years, households in London have seen their share of Britain’s total income tax bill surge by 80.7 per cent, from £35.3billion to £63.8billion according to data from accountant UHY Hacker
Those with qualifying income will need to keep digital records and send quarterly updates 11:22, 05 Feb 2026Updated 11:22, 05 Feb 2026 More than 860,000 sole traders and landlords need to start using digital tax reporting from April (stock image)(Image: Getty) Thousands of people across the country are being urged to prepare for HM Revenue
A fan asked Martin Lewis for help with how to build up their savings Martin Lewis shared his thoughts on Premium Bonds(Image: ITV) Martin Lewis has set out the rules over tax on Premium Bonds as he offered advice to a saver. The prize fund rate for Premium Bonds presently stands at 3.6 percent, with
From April 2026, how self-employed business owners and landlords report income to HMRC is changing. Making Tax Digital has been talked about and advertised for years, and while it finally comes into force in three months time, there are still thousands of businesses which are not ready. Who will be affected HMRC will use figures
Drivers planning to buy a new petrol or diesel car next year may face an eye-watering extra cost before they even leave the dealership. From April 2026, the first-year tax bill for almost 60 models will rise to £5,690, following another increase to Vehicle Excise Duty (VED). The hike comes after a major overhaul of
“Thank you to the millions of people and agents who filed their self assessment tax return and paid any tax owed by 31 January. Anyone who missed the deadline should file their return as soon as possible, as penalties and late payment interest may be charged,” said Myrtle Lloyd, HMRC’s chief customer officer. Millions of
Models from 24 brands will be subject to the huge first-year payment 10:04, 31 Jan 2026Updated 16:38, 02 Feb 2026 Car expert urges drivers to check for tax exception eligibility A total of 59 cars from 24 manufacturers, including well-known marques such as Ford, BMW and Mercedes, are set to be paying £5,690 from April
Driving on the UK’s roads is set to get more expensive this year for owners of both petrol and diesel cars, as a set of new taxes comes into effect in two months. In addition to the first fuel duty rise in over a decade and changes to company car taxes, the rate of vehicle
UK motorists face changes to vehicle tax from April 2026 under updated Vehicle Excise Duty rates confirmed for the 2026–27 financial year. The revised charges will take effect from 1 April 2026 as part of the Treasury’s annual update of motoring taxes. Petrol, diesel, hybrid and electric vehicles will all be affected, with adjustments to