A massive surge of support for for the personal income tax allowance to rise from £12,570 to £20,000 is putting pressure on Chancellor Rachel Reeves ahead of the spring statement (Image: PA) A campaign calling for a rise in the income tax threshold has hit a major milestone, with increasing pressure on Chancellor Rachel Reeves
From April, more than 864,000 taxpayers will need to follow new digital tax rules under Making Tax Digital (MTD) for Income Tax. If you’re a sole trader or landlord earning more than £50,000 a year, you’ll be among the first to move across. Those earning more than £30,000 will follow from April 2027. HMRC estimates
Plymouth City Council voted to increase its council tax on Monday. An increase of £116 this year will mean the 2016 bill of £1,600 will now go up to £2,440. The Labour leader of Plymouth City council, Tudor Evans, said the situation for local authorities had improved with the introduction of a three-year settlement, external
Frozen tax thresholds have increased the number of Brits paying income tax at the same time as squeezing the tax-free allowances that let people make an income without paying a penny to HMRC. But the tax system can still be made to work to your advantage, if you know how to play it. An estimated
Here’s what you need to know. The £12,570 HMRC Personal Allowance In this post on his website, which shares the segment from his TV show, Lewis says the first rule is the one “most people need to know about”. “So there are three things most people need to know about. The first is the main
Workers receiving a bonus this year could boost their pension by thousands of pounds by using bonus sacrifice – but a planned rule change in 2029 means the current National Insurance savings will not last forever. Workers receiving a bonus this year could boost their pension by thousands of pounds by using bonus sacrifice. Hargreaves
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