You may be due cash back from the taxman if you were hit with emergency tax after dipping into your pension for the first time – we explain how to fix this problem 08:50, 12 Aug 2025Updated 09:02, 12 Aug 2025 Check if you’re owed money back from HMRC from overpaid pension tax(Image: Rosemary Calvert
Nvidia AMD SOPA Images/LightRocket via Getty Images Two of the largest companies in the world, Nvidia and AMD, have agreed to pay the U.S. 15% of their revenues from sales of chips and semiconductors to China. This agreement can be viewed as a win-win for technology conglomerates and the U.S. government, as it enables Nvidia
BBC The drop-in session will take place at Edward T. Wheadon House People in Guernsey who have issues completing tax returns online have been invited to a drop-in session. People have until 30 November to complete 2024 tax returns. A spokesperson for the States of Guernsey said if people needed help to complete their return
RACHEL Reeves has approved a huge tax crackdown that will hit savers. The chancellor’s new rules mean banks could be forced to share more of their customers’ financial details, as part of plans to make it easier for the Government to collect taxes. 1 Rachel Reeves has been told she needs to find £50billion worth
Millions of sole traders and landlords have just months to prepare for massive changes to the tax system that take effect next year. From 6 April 2026, Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will apply to sole traders and landlords whose combined gross income from self-employment and/or property exceeds £50,000 a
One in 10 councils could see their funding drop by 14 per cent or more under Angela Rayner’s reforms Households in wealthier parts of England could face sharp council tax hikes and service cuts under proposed reforms designed to direct more funding to deprived areas, a leading think tank has warned. Analysis by the Institute
Maisie Lillywhite & Jon Smith BBC News, Gloucestershire BBC Liz Godsell of Godsell’s Cheese said farmers’ passion needs to be rewarded with profit A farmer who has been making cheese for 25 years says her daughter and future successor is “disillusioned” by tax inheritance proposals. From April 2026, inherited agricultural assets worth more than £1m,
Economists argue such a move is ‘100 per cent certain’ in order to fill an estimated £42.1bn black hole Rachel Reeves will be forced to extend a stealth tax on workers’ incomes in this autumn’s Budget to fill a black hole in the nation’s finances, economists believe. One academic said they thought it “100 per
Keir Starmer says he ‘does not recognise’ figures from think-tank the National Institute of Economic and Social Research (NIESR), which suggested Rachel Reeves needs to raise billions in extra taxes in the Budget 13:08, 06 Aug 2025Updated 13:52, 06 Aug 2025 Starmer defends handling of economy but declines to rule out tax hikes Keir Starmer
Taxes must rise in the autumn if Chancellor Rachel Reeves is to meet her self-imposed borrowing rules, according to an economic think tank. The government was on track to miss the target it has set itself by £41.2bn, according to the National Institute of Economic and Social Research (Niesr). It recommended “a moderate but sustained