More than 8.7 million pensioners are liable for tax, as frozen thresholds continue to drag growing numbers of retirees into the system 17:13, 17 Mar 2026Updated 08:01, 18 Mar 2026 An expert shared some ways pensioners could cut back on their tax bill(Image: Getty) An expert has revealed five methods pensioners could utilise to reduce
Work out where you stand Since the start of 2024, online platforms such as Vinted, eBay and Airbnb have been required to share data with HM Revenue and Customs (HMRC) for any users who sell more than 30 items a year or earn more than about £1,700 (the threshold is set at €2,000) a year.
The top rate of income tax is 45%, but depending on your circumstances, you could unknowingly fall into one of the UK’s little-known ‘tax traps’ and end up paying an effective rate as high as 60%. These traps can strip away your personal tax-free allowance (£12,570), your access to child benefit payments and your free
The reforms, introduced by HM Revenue and Customs, will require self-employed individuals and property owners with qualifying income above £50,000 to keep digital records and submit quarterly tax updates instead of relying primarily on the traditional annual self-assessment return. The changes are part of the government’s long-running effort to modernise the tax system and reduce
Senior Liberal Democrat and Labour councillors will receive a report updating them on the situation for over 250 self-catering holiday units in Powys that are being transferred over from business rates to council tax, at a meeting of Powys County Council’s cabinet on Tuesday, March 24 This is a consequence of failing to meet the new
Hundreds of thousands of UK sole traders and landlords are being urged to prepare for sweeping tax reporting changes as Making Tax Digital (MTD) for Income Tax becomes mandatory from April 2026. The reforms, introduced by HM Revenue and Customs, will require self-employed individuals and property owners with qualifying income above £50,000 to keep digital
With the new tax year approaching, workers are being urged to check their payslips carefully as changes from HM Revenue & Customs (HMRC) take effect on April 6. Experts say millions of employees may unknowingly be paying the wrong amount of tax due to payroll errors or incorrect tax codes – problems that can quietly
Tice has written to Labour about a company, Labour Party Properties Ltd, that he said had not paid corporation tax since 2000. Labour Party Properties is a company that buys, sells and lets its own or leased real estate, according to the Companies House filing, external, where its accounts are six months overdue. In his
Making Tax Digital for Income Tax is approaching. This practical checklist helps businesses prepare for digital record-keeping, quarterly reporting and choosing the right accounting software. Canva Making Tax Digital for Income Tax (MTD IT) is fast approaching, and while the conversation around it has been ongoing for several years, many businesses and accounting practices are
The Reform deputy leader’s property firm avoided paying nearly £600,000 in tax The Labour Party has called for the tax department, HMRC, to investigate Richard Tice’s tax affairs, after an investigation found his company dodged nearly £600,000 in tax. The Times reported that Tice’s property company Quidnet Reit did not pay any tax on multimillion