The calculator asked people to enter financial details, including their income, savings, benefits and expenditure, and no details were saved, bosses said. De Sausmarez told BBC Guernsey that, if introduced, the General Sales Tax (GST) would be part of a package of measures, including reduction in income tax and social security contributions, pensions and other
Drivers will see their annual Vehicle Excise Duty rates for 2026 rise ranging from £200 to £5,690 (Image: Getty Images) Motorists are being cautioned to brace themselves for additional road tax rises from April, with some petrol and diesel drivers confronting a £200 surge. The UK road tax increases taking effect in April 2026 are
The Local Council Tax Reduction (LCTR) Schemes enable working-age claimants that meet certain criteria to receive a discount on their annual council tax bill. But during the past year there have been national changes to Universal Credit level, and the lifting of the two-child limit on receiving certain benefits for larger families. This week, Stafford
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of the Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore
MoneyMagpie’s Vicky Parry tells us all the best deals for single people in 2026 and takes a close look at the dreaded ‘single tax’ You don’t need to pay more for being single(Image: Getty Images) Living alone can be brilliant. You get the bed to yourself, full control of the remote and never have to
Dealing with a loved one’s estate can be difficult enough without HMRC questioning the paperwork. But checks into inheritance tax (IHT) are becoming more common as more families are drawn into paying it. Since 2022, HMRC has opened more than 14,000 investigations into underpaid inheritance tax, according to a Freedom of Information request obtained by
The deadline to file your tax return for the 2024/25 tax year, and pay any tax owed, was January 31 HMRC will start charging 5% of unpaid tax owed from March 3(Image: georgeclerk via Getty Images) One million taxpayers have until March 3 to avoid additional fines from HMRC for missing the self-assessment tax deadline.
It was better news on tax receipts than we are used to. After several months of the borrowing figures rising higher and higher, and with the gilts market turning more and more nervous, January’s data suddenly looked a lot better than had been expected. The first month of the year is always a bumper four
HMRC is boosting the Personal Tax-Free Allowance with one tax code. The letter ‘M’ stands for Marriage Allowance, meaning you’ve received a transfer of 10% of your partner’s Personal Allowance. Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. Your Personal Allowance is the amount you can
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An unhappy new tax year beckons on April 6. In six weeks’ time, nearly 1mn freelancers and buy-to-let landlords will become guinea pigs in the government’s Making Tax Digital experiment. Dubbed the biggest tax shake-up