That can range from help for those who wearing a uniform for work, or those who need to work from home, or travel to off-site locations. Some can even be claimed back for a number of years, meaning many may be owed a good chunk of money. “The rules are generous in some areas, and
ITR due date: If you have not yet filed your Income Tax Return (ITR), the window to do so without paying penalties is closing soon. The deadline affects most taxpayers, including salaried employees, pensioners, and small businesses that do not require audits. Missing it can attract financial penalties and limit certain tax benefits. The date
Similarly, you might want to check you aren’t paying too little (in which case you’ll have to repay it). It may look like a secret code, but the formula is pretty simple (and explained below). The most common HMRC tax code is 1257L, which is based on the Personal Tax Allowance of £12,570 – this
HMRC has new rules when it comes to claiming pension tax relief, requiring everyone to evidence their claim for higher amounts HM Revenue and Customs (HMRC) has tightened rules on how higher earners can claim extra pension tax relief(Image: Getty) Pensioners are warned of new changes when it comes to claiming tax relief this month.
MoneyMagpie Editor and financial expert Vicky Parry explains three different types of savings accounts and how they work Savings accounts can be confusing(Image: PeopleImages/ Getty) Saving money is a vital part of life but it can be confusing knowing where to put your money. Should you lock it away into a fixed term account or
By HUGO DUNCAN Published: 00:24, 13 September 2025 | Updated: 01:23, 13 September 2025 Rachel Reeves was last night accused of ‘going into hiding’ after the economy ground to a halt under the weight of her tax hikes. On another dismal day for Labour, official figures showed output flatlined in July, triggering warnings from business
Laura MacDonald explores philanthropy as founder of Benefactor Group, author of The Endowment Handbook, and past chair of Giving USA. The new tax law adopted on July 4, 2025, will have a significant impact on charitable giving. Most provisions will take effect on January 1, 2026. It is important for nonprofit organizations to understand how
With bills increasing and budgets tighter than ever, now might be a good time to check your payslip and make sure you are on the right tax code so you’re not paying too much tax. Similarly, you might want to check you aren’t paying too little (in which case you’ll have to repay it). It
Store chiefs have warned of large scale store closures, job losses and price increases if proposed business rate reforms go-ahead Store bosses have warned of large score store closures if business rate proposals go ahead(Image: Getty Images/iStockphoto) Up to 100,000 high street job losses are threatened if Labour presses ahead with a tax shake-up, industry
The Government has a problem. It has showered families with money over the last few years in a series of once-off payments. Its commitment to stop them this year will, inevitably, be noticed in household budgets. Its response is that it will focus now on permanent measures. So what goodies can households expect in Budget