Chancellor Rachel Reeves provided an update about state pension changes State pensioners face a new tax bill from April(Image: Getty) State pensioners could suddenly find themselves liable for a new tax bill. An MP has voiced concerns that some claimants may have “no idea” they will soon be required to complete an HMRC form to
HMRC have shared four common reasons your tax code for the 2026/27 financial year may change. Mansion tax and private jet levy to be introduced in Scotland The start of the new financial year on April 6 brings many changes for people in work or claiming benefits and those in retirement. HM Revenue and Customs
THE windfall tax “retains the support of the public”, after a new poll found twice as many people support it than oppose the concept. The survey, conducted by researchers at Survation, says 41% of Scots support the tax, and 19% oppose it. Some 19% of the 2005 surveyed individuals said they strongly support it, and
Stay informed with free updates Simply sign up to the Professional services myFT Digest — delivered directly to your inbox. A former top EY executive is launching a UK tax business backed by private capital group EQT Partners in a bid to challenge the Big Four accountancy firms’ dominance of the sector. Jeff Soar, who
NoDerog / Getty Images/iStockphoto Tax refund season usually comes with a little spark of joy — maybe it’s a weekend getaway, finally upgrading your phone, or even paying down debt. But if you’re already counting on a big check in 2026, it might be worth hitting pause. A handful of changes — from tax law
More than 1.9 million people could lose out More than 1.9m are set to lose all or part of their tax-free personal allowance in the current tax year(Image: draganab via Getty Images) 1.9 million taxpayers face losing all or part of personal tax allowance this year More than 1.9m are set to lose all or
The Personal Allowance has been frozen at £12,570 since 2021, but you can earn an additional £7,500 tax-free with HMRC’s rent-a-room scheme by letting out a room in your home Alex Evans Deputy Audience Editor 08:45, 08 Mar 2026 A HMRC scheme will see tax-free Personal Allowance rise(Image: Getty) The tax -free Personal Allowance has
Supporting a family while living paycheck to paycheck is already daunting. You’re living with a fiscal sword of Damocles swinging over your head, waiting for the emergency or unexpected expense that will cut it loose. That anxiety can get even worse during tax season. What can you possibly do to ensure your family saves as
Whether it is reviewing your budgets or modelling the financial impact of changes, we can help you plan for whatever the year ahead brings. How will rising employment costs affect businesses? The Autumn Budget 2025 struck businesses once again with the increase to the National Living Wage (NLW) and National Minimum Wage (NMW). From April 2026,
It’s surprising how many couples don’t make use of the marriage allowance for Income Tax, according to tax experts. State pensioners can get HMRC tax-free Personal Allowance boosted by over £8,000 Two HMRC allowances can boost state pensioners’ Personal Tax Free Allowance by over £8k. It’s surprising how many couples don’t make use of the