Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Treasury is expected to close a tax loophole that retailers have argued gives online giants such as Shein an unfair advantage over high street chains, as chancellor Rachel Reeves looks to shore up the
It comes as the state pension is set to rise by an even bigger amount than previously thought after a key figure used in the triple lock was revised Martin Lewis is founder of MoneySavingExpert.com(Image: Ken McKay/ITV/REX/Shutterstock) Martin Lewis has warned how “many more” older Brits will soon pay tax on their state pension for
An alert has been issued to drivers who may be unknowingly paying too much tax; however, there’s a simple way you can reclaim it from HMRC if you’re eligable to do so 10:17, 21 Oct 2025Updated 10:20, 21 Oct 2025 Drivers need to be aware of something important (stock image)(Image: John Lamb via Getty Images)
More than 14 million people in the UK are thought to have over £10,000 saved in cash. The latest HM Revenue and Customs (HMRC) figures show that more than 1.1 million people over State Pension age are facing a tax bill for interest earned on their savings accounts. Data obtained by investment platform AJ Bell
A wave of bingo halls have closed since the Covid crisis – and an industry chief claims a tax rise will kill off many more, after reports the Chancellor could double taxes on bettering firms to 30% 16:48, 20 Oct 2025Updated 16:52, 20 Oct 2025 Dozens of bingo halls have closed in recent years (Image:
Chancellor Rachel Reeves is being urged to increase tax on banks’ ‘bumper profits’ to raise investment for Britain’s strugglinh hospitals, schools and local councils. The Trades Union Congress (TUC) said the big four banks have been making almost a billion pounds per week in profit so far this year(Image: Getty Images) Rachel Reeves is being
In an interview with the BBC’s Sunday with Laura Kuenssberg programme, Polanski suggested a wealth tax could raise between £15bn and £25bn a year. Challenged that other countries which have implemented similar proposals have found they raised much smaller sums, he said: “Whatever you’re going to create from a wealth tax, it’s ultimately about reducing
Opposition leader Sussan Ley will commit the opposition to taking a plan to cut personal income tax to the election – despite being unable to foresee what the budgetary and economic circumstances will be by then. In a Monday speech to the Centre for Independent Studies Ley will say the Coalition’s tax plan would “start
The single person’s discount isn’t the only way to cut council tax bills, but the discounts usually aren’t automatic which could mean many people are missing out Certain people are ‘disregarded’ for council tax purposes(Image: GETTY) Council tax bills are calculated based on the assumption that two adults reside in a single property, but if
Treasurer Jim Chalmers‘ crusade to reform super by taxing unrealised gains didn’t die at a press conference, under fire for the poorly drafted new laws. It was strangled by a series of phone calls the Treasurer couldn’t control. Here’s the inside story. As industry chiefs pored over the plan to tax unrealised gains, their modelling