February 19, 2026
Tax

The Everyone Is Waiting For Forms W-2 Edition

You’re likely to receive your Form W-2 soon—if you haven’t already getty We’re expecting a huge event at the beginning of this week—one that’s expected to impact more than 150 million people. Of course, I’m referring to the winter storm. States from Texas through the mid-Atlantic (including my own state of Pennsylvania) and New England

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Tax

Tax chaos as 3m face £100 fines and HMRC eyes £106m payday

If a similar proportion file late again this year, estimates suggest HMRC could collect £106m from automatic penalties alone, before daily fines and interest charges are added later in the year. This figure is likely to rise in future years as more people are pulled into Self Assessment for the first time, driven by frozen

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Tax

HMRC has ended automatic refunds for tax overpayments

Experts are urging people to check if they are owed a tax refund, with HMRC no longer issuing automatic ones Many taxpayers are still unaware that overpayments are no longer automatically refunded, despite changes coming into place nearly two years ago. Experts warn this could lead to a rise in scammers targeting people, claiming to

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Tax

Full list of everyone who can get UK council tax discounts

Some people may be eligible for a discount of up to 100% if they meet certain criteria Some homeowners and tenants can get up to 100% taken off their council tax demands(Image: Getty) Council Tax in the UK is a mandatory local bill that people in most homes will have to pay. It is used

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Tax

HMRC to replace automatic fines for new points system in major tax shake-up

Under the current rules, you receive an immediate £100 fine if you submit your self-assessment tax return late – but with the new system, you will be charged £200 once you have received a certain number of points 14:50, 22 Jan 2026Updated 14:52, 22 Jan 2026 The self-assessment tax system is being updates(Image: Getty Images/iStockphoto)

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Tax

New 10 or 15% Guernsey corporate tax rates set for consultation

John Fernandez Guernsey political reporter BBC Deputy Charles Parkinson has been a long-time campaigner to reform Guernsey’s corporate tax regime The man leading a review of how much tax Guernsey receives from businesses says islanders are to be asked their views on the introduction of a 10% or 15% rate of corporate tax. Deputy Charles

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Tax

5 questions for pension savers filing their 2024-25 tax return

Most people saving into a pension don’t need to file a self-assessment tax return. However, there are some situations in which pension contributions or pension income may require you to complete one.  Here, we set out five questions that both higher and basic-rate taxpayers who are saving into a pension need to ask before completing

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Tax

Why Your Tax Refund Could Be Bigger In 2026—And What Else You Need To Know

Tax refunds could be bigger than usual for some taxpayers. getty Few things generate as much tax-season anxiety as a federal tax refund. Taxpayers worry when it’s smaller than expected, panic when it’s delayed, and cheer when it’s bigger—often without being entirely sure why. As the 2026 filing season gets underway (the IRS officially opens

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Tax

Treasury responds to pleas for tax relief confirming ‘half will see no bill increases’

People affected by the Chancellor’s tax changes announced in the Autumn Budget are pleading for relief offered to some to be extended The Chancellor’s Autumn Budget announced updates in business tax rates(Image: GETTY) The Chancellor’s Autumn Budget launched significant tax changes due to increase certain taxes as well as confirming the current 40% discount on

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Tax

Millions of Brits owed £3.5 billion in tax refunds from HMRC — here’s how to claim

Have you paid too much tax? (Credits: Getty Images) Almost six million workers could be owed a refund by HMRC after overpaying tax, new research suggests. And it’s entirely your responsibility to apply for it. New figures obtained through a Freedom of Information request show 5.6 million Brits paid too much tax last year, totting

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