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
Taxpayers urged to accurately declare all crypto gains and losses before January 31. 11:09, 02 Jan 2026Updated 11:09, 02 Jan 2026 Income tax rises for Scots in April – how the changes affect you New rules which came into force on January 1 will make it harder for crypto investors to hide their gains from
By SOPHIE CHURCH – POLITICAL REPORTER Published: 00:11, 2 January 2026 | Updated: 08:57, 2 January 2026 Millions of workers will find themselves worse off by 2030 as Labour‘s tax policy ‘quietly hammers’ workers yet leaves benefits claimants and pensioners richer, a think tank has warned. The effects of fiscal drag – where individuals are
The companies were barred from “illegitimately using a niche scheme to avoid tax” on Friday, the Treasury said. The Tour Operators Margin Scheme is designed to significantly reduce the VAT paid by tour operators and holiday coach trips but was being misused by online minicab firms, it added. Chancellor Rachel Reeves said in a statement:
At present, tax is only paid on the commission paid to companies like Uber by their drivers – a figure that equates to a fraction of the total passenger bill. Now, Uber is redefining the legal relationship with its drivers by shifting the VAT liability. Described as an “agency” model, Uber’s new terms effectively see
The new year brings a slate of new laws, deadlines and changes affecting household budgets Key financial dates could impact your finances(Image: GETTY) 2026 has a number of important deadlines and dates households should be aware of. Being aware of what is coming can help avoid people taking an unexpected knock to their finances. Most
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. We were recently granted probate on my mother’s estate. We paid inheritance tax (IHT) at 40 per cent on the £85,000 which was above her IHT allowance. As the only executor, I worked hard to ensure that