Millions more workers have been dragged into higher-rate tax bands because of the freeze on income tax thresholds since 2021. The number of higher-rate taxpayers has increased from 4.43million in the 2021/22 tax year, to a projected 7.7million in 2026/27, according to government figures published today. For tax allowances and thresholds to maintain their real
The number of employees paying company car tax has increased for the third year running, while the total taxable value has again fallen, newly released HMRC data suggests. The latest HMRC benefit in kind (BIK) statistics show there were 920,000 employees paying company car tax in 2024/25 – a 9.5% increase on the 840,000 reported the
Andy Burnham has admitted he is considering putting up taxes when he enters Downing Street. The prime minister-in-waiting said he would make “difficult” decisions to balance the nation’s finances, which may include “having to ask for a little more” from taxpayers. Mr Burnham refused to rule out wealth taxes. The admission came as the Organisation
Picture the scene. You’ve graduated from university with a five-figure pile of debt, battled your way into an extremely competitive graduate job and spent years laboriously climbing the career ladder. After doing everything expected of you, your reward is a salary of £150,000 – and the tax bill to go with it. A worker earning
He spoke out Universal Credit and pensioner income Martin Lewis has spoken about taxes that apply to DWP benefit claimants(Image: ITV) Martin Lewis has spoken out to clarify which DWP claimants have to pay tax. He had some words to say about Universal Credit and pension income. The issue came to light after he put
HMRC could force self-employed workers and landlords to pay tax monthly on income they have not yet earned. Under plans being consulted on by the Government, tax could be deducted each month, with the amount owed based on the previous year’s tax return. The rules would apply to those earning income over an as-yet-undecided threshold.
The defaulters – spanning Greenwich, Woolwich, Orpington, Catford and Plumstead -appear on HMRC’s latest published list of deliberate tax defaulters, which names those who have received penalties for significant tax failures. Together, the six owe a combined total of more than £1.26 million in unpaid tax, with penalties of over £575,000 levied on top. Greenwich
Payment rates for the state pension increase each April Key changes to the state pension are coming in(Image: Getty) New tax rules soon to take effect for the state pension could cause “unfairness” between how different claimants are treated. Other changes to the qualifying rules for the DWP benefit are already underway. As the triple
There are some key dates you need to get right HMRC has clarified its rules(Image: Getty) HMRC has spoken out to dispel some customer confusion about a tax charge that certain DWP claimants are required to pay. The tax collecting body spoke out after a customer reached out for help with calculating their bill. The
Informants were rewarded £1.4m after submitting a record number of tip-offs to the taxman, figures revealed. The number of individuals reporting friends, neighbours, colleagues and businesses for not paying enough tax increased to 170,992 in the 2025-26 tax year, according to government data. The rise comes after Labour incentivised snitching with a strengthened reward scheme