It hasn’t changed for years 10:42, 16 May 2026Updated 10:45, 16 May 2026 It’s been set for years(Image: tattywelshie via Getty Images) A milestone has been passed in a campaign to get the tax personal allowance raised in the UK. A petition urging the Chancellor to increase the earnings threshold before HMRC begins deducting tax
According to new research, just one in 18 pensioners are set to benefit from the promise Rachel Reeves made in the budget, with no-one on the ‘old’ (pre 2016) state pension system eligible for an increased Personal Allowance. Former pensions minister Steve Webb said two Government policies were now on course to collide, because according
A plan to exempt some retirees from paying income tax will help just 700,000 out of 13.2 million state pensioners, according to analysis. Next April, the full rate of the new state pension will exceed the threshold at which people pay income tax, which is frozen at £12,570 until 2030. That means that those who
New details released by HM Revenue and Customs this week reveal how unused pensions will soon be counted as part of a person’s estate for inheritance tax purposes: a move experts warn could create a huge administrative burden for grieving families. The reforms, due to take effect from April 2027, are designed to stop pensions
According to new research, just one in 18 pensioners are set to benefit from the promise Rachel Reeves made in the budget, with no-one on the ‘old’ (pre 2016) state pension system eligible for an increased Personal Allowance. Former pensions minister Steve Webb said two Government policies were now on course to collide, because according
Set of flags fluttering in the wind getty In this episode of Tax Notes Talk, three policy experts discuss the uncertain future of the OECD’s global tax framework amid stalled progress and waning consensus, during a live recording from the American Bar Association Section of Taxation May meeting. Tax Notes Talk is a podcast produced
Millions of Britons with pensions are being urged to get their paperwork in order ahead of major inheritance tax changes coming into force in 2027. New details released by HM Revenue and Customs this week reveal how unused pensions will soon be counted as part of a person’s estate for inheritance tax purposes: a move
According to HM Revenue and Customs, a record 737,891 people submitted Self Assessment returns in April alone – with more than 86,000 filing on Easter Monday. Accountants say many taxpayers are trying to avoid the annual “January scramble” that leaves millions stressed every year. Record numbers of taxpayers are filing their Self Assessment returns early
Up to five million people in England and Wales may be eligible Major council tax rule to change how debt is handled Council tax is now at around £2,392 a year for the average Band D property in England. But many households could be eligible to cut this bill by 25% or more, potentially saving
Tax officials are consulting on proposals to dramatically expand the Government’s “Uncertain Tax Treatment” regime – forcing wealthy individuals and trusts to flag tax arrangements worth £5million or more that HMRC may disagree with. The move would significantly widen powers first introduced in 2022 for large corporations and could pull inheritance tax, capital gains tax,