The qualifying rules for the state pension are currently changing Key changes to the state pension are coming in(Image: Getty) A major tax reform is set to be implemented shortly, impacting state pensioners. The key policy change will change the tax burden for certain pensioners. Labour announced in the Autumn Budget 2025 that it would
Amazon’s main division in the UK was handed a £7.6m tax credit last year by HM Revenue and Customs, despite profits at the retail-to-streaming company surging by more than a quarter to £355m. Amazon UK Services – which employs 66,000 staff, the vast majority of the company’s 75,000 employees in Britain – said it owed
Prasanna Kumar, Founder and CEO of FinloTax. For many founders, tax planning sits in the same category as insurance paperwork and compliance filings, where it is necessary but secondary to running the business. That mindset is becoming expensive nowadays. In 2026, tax strategy is no longer something companies revisit once a year with their accountant.
Millions of people could be missing out 11:11, 09 Jun 2026Updated 11:12, 09 Jun 2026 The warning follows Government proposals to bolster the rights of cohabiting couples(Image: Visions via Getty Images) More than 3.5 million unmarried couples living together are being cautioned that they could be missing out on valuable tax benefits and legal protections
Pensioners are paying £4,262 more in tax to live comfortably compared with five years ago, analysis shows. A single pensioner now needs a post-tax income of £45,400 to enjoy a “comfortable” retirement, according to the latest calculations by Pensions UK, the trade body. This means a retiree would require an income of £54,720 before tax
Penalties can rise to £3,000 Grieving families have been compelled to hand over £3m in fines to HMRC(Image: ArtistGNDphotography via Getty Images) An HMRC inheritance tax crackdown has seen inheritance tax, or IHT, penalties surge by a third. Grieving families have been compelled to hand over £3m in fines to HMRC and the Labour Party
There are four key things to consider, an expert has said 10:03, 08 Jun 2026Updated 10:17, 08 Jun 2026 Antonia Medlicott(Image: Investing Insiders) Reaching retirement should be a time for unwinding, savouring your leisure time and reaping the rewards of a lifetime of hard work and saving. Yet, withdrawing money from your pension can sometimes
By Kate Abnett BRUSSELS, June 8 (Reuters) – The European Union is preparing changes to energy taxes and network charges, including plans to tax electricity at a lower rate than gas, in a bid to cut consumers’ power bills, a draft proposal seen by Reuters showed. The European Commission proposal is part of the EU’s
Jorge Olavarrieta is an outcomes-driven, people-first leader who enjoys solving big problems for customers. For 30 years, he has worked across Intuit with professionals and tax and accounting associations to help firms grow and transition through technology shifts that transform firms and their services. Q Why do some larger tax firms talk about advisory but
The taxman has launched an updated online tool The tax authority specifically drew attention to those generating income from online selling(Image: fizkes via Getty Images) HMRC has issued guidance to people across Britain to ensure they don’t overlook completing a vital check. Millions of UK workers with side hustles, rental income or freelance earnings are