Officials have given a statement after calls for a VED cut for cars aged 20-39 years amid claims vehicles are being scrapped Motoring experts say cars are being scrapped after being caught in a ‘tax trap’ (Image: Getty Images) The Treasury has issued a significant response to demands for cars manufactured during a specific 19-year
The launch of Making Tax Digital on April 6, 2026 will mark a significant and time-saving change for certain people. Mansion tax and private jet levy to be introduced in Scotland There are just over 40 days to go until new tax reporting measures come into force. The launch on April 6, 2026 will mark
More than eight in 10 landlords say they’re worried about upcoming changes to how they report rental income to HMRC. A January survey by rental management app August found that a third described themselves as very worried about the new rules, while just over half said they were a little worried. The changes relate to
Authorities across Tyne and Wear, Northumberland, and County Durham are taking different approaches to their budgets this year and the tax increases they will impose from April 1. While many are going for the maximum 4.99% rise, the highest uplift allowed without holding a referendum, that is not the case everywhere. Here is what we
Households across the UK are facing the prospect of a significant hike in council tax bills in the coming weeks. Cash-strapped councils are set to raise bills in April in a bid to overcome increasing funding gaps, despite households in England now paying an average of £1,770 a year in council tax, according to government
Spring is “the time of plans and projects”, wrote Leo Tolstoy in Anna Karenina. For hundreds of thousands of self-employed people and property owners, those words are ringing true – and have never felt more daunting. This spring, HM Revenue and Customs is introducing the biggest shake-up of the self-assessment tax system in decades. Known
Councillors are set to consider a proposed 2.4 per cent increase in the authority’s share of council tax. If approved, the Band D borough element would be set at £123.35, a rise of £2.89 for the year. In addition to the borough council’s charge, council tax includes precepts from Hampshire County Council, as well as
Earlier this month, Shropshire Council was one of seven local authorities given special permission by the government to increase council tax by more than the usual maximum of 4.99% A rise of 8.99% could be agreed when councillors meet next Thursday, meaning a band D equivalent property would pay £1,969.09 a year. On top of
You can pay too much tax if your details with HMRC are incorrect HMRC has explained the tax rules that apply to pensioners(Image: Getty) HMRC has outlined some important tax rules that apply to pensioners. It’s important to ensure all your information is current with the department, otherwise you risk paying an incorrect amount of
Many of those in line for a decent bonus this year may be left wondering what to do with it. Making a lump sum of any kind work hard for the future can be a quandary for the highest earners who hit pension limits and have little protection against the top rates of tax. The