These raids will drive the Government’s tax take to 42.1pc of GDP by the start of the next decade, the IMF forecasts, a peacetime record for Britain. Tina McKenzie, at the Federation of Small Businesses (FSB), said increases in the dividend tax, business rates and the tax on the disposal of business assets all “hit
Major changes to pensions and Inheritance Tax from April 2027 – what you need to know – The Mirror Need to know Most pensions are currently not subject to Inheritance Tax – but this is changing from April 2027 Pensions will soon become subject to Inheritance Tax(Image: GETTY) What you need to know about pensions
The DVLA have now explained to drivers that there are “no shortcuts” when bringing a vehicle back into use after declaring it off the road under a Statutory Off Road Notification (SORN). The agency said: “Want to use your vehicle again after telling DVLA it’s off the road (SORN)? “You have to tax it first.”
The Loan Charge and Taxpayer Fairness group of 156 MPs and Lords, which highlighted the figures, has called for a public inquiry into the tax office’s approach, which it called “a profound failure”. Around 50,000 individuals used “disguised remuneration” schemes – which were promoted by employers and accountants – to receive their salaries in the
The Driver and Vehicle Licensing Agency (DVLA) has issued a warning to drivers The DVLA reminded motorists that there are “no shortcuts”(Image: Charday Penn via Getty Images) Drivers have been issued a warning by the Driver and Vehicle Licensing Agency. If you want to get your vehicle back on the road, you must tax it
New research suggests the threshold should be considerably higher than it is 09:41, 23 Apr 2026Updated 10:58, 23 Apr 2026 Allowances have been frozen since 2009(Image: coldsnowstorm via Getty Images) High net worth individuals (HNWIs) in the UK believe that HMRC’s Inheritance Tax (IHT) thresholds should be updated, according to the latest research from wealth
HMRC has reminded certain people that a new system is now in place HMRC has reminded people to check if a new deadline applies to them(Image: Getty) Workers across the UK have been advised to “check” whether a new tax regulation affects them before a summer deadline. HM Revenue and Customs (HMRC) has reminded Britons
Inheritance tax (IHT) affects a small minority of estates, but that could change in the coming years. Currently, around 4% of UK deaths result in a charge. But frozen tax thresholds, rising house prices and upcoming pension rule changes mean more estates will likely be drawn into the net. The Office for Budget Responsibility (OBR)
Owners of properties worth more than £2m could soon face a new charge on top of council tax, with 165,000 households expected to be affected when the policy launches in April 2028. Announced by the Chancellor, Rachel Reeves, in the November 2025 Budget, the High Value Council Tax Surcharge (HVCTS) will apply to homes in
A tax expert has warned of ‘costly errors’ 10:53, 21 Apr 2026Updated 11:09, 21 Apr 2026 It was previously voluntary(Image: Yau Ming Low via Getty Images) A tax expert is alerting people to a new HMRC rule that could catch people out. Conveyancing solicitors and payroll teams are among local professional advisers who may find