Christmas is a time for giving and, although not the most imaginative, the gift of money tends to go down well with friends and family. However, when you’re gifting cash, you’ll have to keep HMRC in the back of your mind as you could risk your family facing an Inheritance Tax (IHT) charge when you
From July 2026, new VAT and insurance tax rules will affect the Motability Scheme which helps disabled people lease vehicles using their PIP or other disability benefit payments New tax changes will soon hit some Motability customers(Image: Getty Images) Chancellor Rachel Reeves has announced changes to tax exemptions for the Motability Scheme, set to kick
HM Revenue and Customs has written to over 200,000 people who will be impacted ahead of the April 2026 rollout Linda Howard Money and Consumer Writer and Rory Poulter 04:45, 16 Dec 2025 HMRC is encouraging customers to get ahead now and participate in the pilot programme(Image: Antonio_Diaz via Getty Images) HM Revenue and Customs
From frozen tax thresholds, to council tax rises, Sarah Coles, head of personal finance at Hargreaves Lansdown, explains everything you need to know 12:38, 15 Dec 2025Updated 13:58, 15 Dec 2025 Millions of people will pay more in tax next year(Image: Getty Images) Millions of people will pay more in tax in 2026 – but
Gifting money at Christmas can be a wonderful way for parents and grandparents to have a meaningful and long-term impact on their loved ones’ lives. But hand over the money in the wrong way and it could cost you dear – there is a nasty tax trap that will land parents with a hefty bill
The authority has launched a consultation on its budget for the next financial year – 2026/27. The consultation comes as the council wrestles with a major financial crisis this year, declaring a ‘financial emergency’, and requesting permission from the government for £71m of support. The council is in the process of preparing for the coming
The tax department has explained when it will issue refunds 06:15, 14 Dec 2025Updated 07:13, 14 Dec 2025 HMRC has issued a warning about tax codes(Image: Getty) Paying too much tax is never something anyone wants to do. But if you have the incorrect tax code you could be hit in the pocket. HMRC has
YOU could get yourself a cash boost in time for Christmas by claiming back tax you’re owed by HMRC. Millions of workers claim back hundreds of pounds of overpaid tax each year. Sign up for the Money newsletter Thank you! You could get hundreds of pounds back from HMRC if you’ve overpaid tax or are
A Government update has been issued after a petition was raised calling for the tax threshold for pensioners to be doubled 02:30, 13 Dec 2025Updated 07:10, 13 Dec 2025 A petition has called for pensioners to have a different tax code(Image: Getty) The Government has issued an update following demands to double the tax threshold
The Government is making several changes to some savings accounts Martin Lewis has warned about a new tax on ISAs(Image: Getty) Consumer advocate Martin Lewis has spoken about a new tax charge set to hit some savers. Chancellor Rachel Reeves announced in her Autumn Budget some sweeping changes to ISA tax allowances that will shake