2 Million Face 60% Tax Trap as Thresholds Freeze
A record 2.06 million UK taxpayers will be hit by a 60% effective tax rate in 2026/27 due to frozen allowances. Discover the impact and strategies to mitigate the 'stealth tax'.
A record 2.06 million UK taxpayers will be hit by a 60% effective tax rate in 2026/27 due to frozen allowances. Discover the impact and strategies to mitigate the 'stealth tax'.
HMRC issues urgent warning to UK workers: you are responsible for checking your tax code, not your employer. Learn how to spot emergency codes and avoid overpaying.
A tech sector couple earning over £200k reveal how the UK's 62% marginal tax rate and loss of childcare support is forcing drastic financial decisions. Discover the 'brutal' reality of the £100k cliff-edge.
New HMRC rules implementing the EU's DAC7 directive are causing uproar. Millions selling online or renting property could face tax reporting burdens, with critics calling the rules 'farfetched' and an 'abomination'.
Frozen income tax thresholds have triggered over 1.3 million unexpected tax demands. Experts warn the number will exceed 2 million. Find out who is affected and what the government plans.
UK households face higher bills as 11 tax changes take effect in 2026, from alcohol duty to council tax hikes. Discover the key dates and costs.
Money Saving Expert Martin Lewis warns anyone earning over £12,570 to check their tax code immediately, as millions are wrong each year. Avoid overpaying or a shock bill.
A former DWP worker of 40 years criticises the new state pension tax exemption as 'age discrimination'. She faces a £1,633 HMRC bill. Campaigners demand a fairer solution.
The DWP is increasing the Carer's Allowance earnings threshold from April 2026, allowing 1.3 million carers to earn more without losing vital support. Find out how this change could affect you.
A public petition urges HMRC to raise the personal tax allowance to £15,597 and the higher-rate threshold to £62,379 to combat 'stealth tax' fiscal drag. The government must respond if it reaches 10,000 signatures.
New HMRC data shows a record two million workers will be caught in a 62% effective tax rate by 2027, prompting fears of an exodus of high earners from the UK. Read the full analysis.
Self-employed and small businesses face soaring tax bills as double-cab pick-ups are reclassified as cars. Find out how this HMRC rule change impacts you.
UK landlords earning over £50,000 must file quarterly digital tax summaries from April under HMRC's Making Tax Digital. Learn key deadlines and expert advice to avoid confusion.
A public petition demanding the income tax personal allowance be raised to £20,000 has reached 50,000 signatures, halfway to triggering a Commons debate. The Treasury has rejected the call, citing a £50bn annual cost.
HMRC has issued over 300,000 letters chasing tax bills of £100 or less, with critics calling the process a waste of time and money. Discover the impact of frozen tax thresholds.
Martin Lewis urges 5.6 million to file self-assessment by Jan 31. He warns of £100 fines and 7.75% interest on unpaid tax. Check if you need to declare savings over £10,000.
A public petition urging the government to raise the income tax personal allowance to £20,000 has reached 44,000 signatures, halfway to triggering a parliamentary debate. Read the details and the government's response.
HMRC announces a major crackdown on unpaid taxes, targeting individuals and companies. Learn about the new enforcement measures and the billions in revenue being pursued.
A tax threshold freeze will see 35,000 more families paying the High Income Child Benefit Charge by 2029, experts warn. Learn how this HMRC rule could affect your household budget.
Analysis reveals UK workers on £50k will be £500 worse off annually by decade's end due to extended tax threshold freeze. Discover the full impact of fiscal drag.
Millions of UK households will get a two-month council tax break in 2026 ahead of new property bands. Find out if you're eligible and how the new high-value surcharge will work.
The DWP has announced benefit upratings for 2026/27, including a £218 yearly rise for Attendance Allowance and a key increase for Carer's Allowance. Read the full details.
Chancellor Rachel Reeves's tax changes for 2026 will impact millions. From frozen thresholds to new levies, discover the seven key ways your finances will be affected. Read the full analysis.
Millions of newly self-employed face paying 150% of their tax bill upfront due to HMRC's 'payments on account' rule. Learn how it works and what you can do if you can't pay.
Chancellor Rachel Reeves faces criticism over frozen tax bands, a 'stealth tax' pulling thousands into higher rates. Learn how it impacts wages and pensions.
New data reveals a 42% surge in drivers paying the £425 Expensive Car Supplement. Find out if your family car is caught in this tax bracket.
Professionals earning £45k-£55k face a stealth tax hit from pension cap and frozen thresholds. Discover how the Autumn Budget impacts your pay and career plans.
Over 25,000 back a petition for a new tax code, doubling the personal allowance for state pensioners to combat unfair taxation on small pensions. Will Parliament debate it?
Nine million state pensioners are being urged to check bank statements for a key 6-digit code as Winter Fuel Payments are rolled out. Find out if you're eligible and what to look for.
Frozen tax thresholds have dragged 420,000 motorists into paying the luxury vehicle levy, a 42% rise in two years. Discover how family cars are being caught in the tax net.