Category : Search result: Labour tax change


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'.

Couple hit by 62% tax charge in HMRC trap

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.

Highway Code Change Urged for Animal Safety

MPs are urging the Labour government to expand the Highway Code to protect horses, cats, and wildlife from road collisions. Transport minister says the issue is 'being looked at'.

New HMRC DAC7 rules branded 'absurd' by businesses

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'.

1.3m UK Taxpayers Hit with Surprise Bills

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.

Martin Lewis: Check Your Tax Code Now

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.

Petition Calls for Major Increase to Tax-Free Allowances

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.

HMRC rule change sparks six-figure pension tax warning

A major Inheritance Tax rule change means thousands of UK households could face sudden six-figure bills. Experts warn of a liquidity crisis for pension pots tied up in property. Act now to understand your exposure.

Pension IHT Change Risks Six-Figure Tax Bills

A major HMRC rule change from April 2027 means unused pensions may be hit by inheritance tax, potentially causing sudden six-figure bills and liquidity crises for families. Learn the risks now.

HMRC penalty change for 12 million UK taxpayers

HMRC announces a cut to the late payment interest rate for Self Assessment returns. Over 12 million face fines if they miss the January 31 deadline. Act now to avoid penalties.

New HMRC rule: Landlords face 10 tax returns

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.

HMRC change risks millions underpaying tax

A mid-year HMRC change to Capital Gains Tax rates means millions filing self-assessment risk underpayment. Experts warn over 12 million must submit returns by 31 January.

Seven Ways UK Households Pay More Tax in 2026

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.

Classic Car Tax Exemption Age Could Drop to 35

A new Parliamentary petition calls on the Labour government to lower the historic vehicle tax exemption age from 40 to 35 years. Find out how this could benefit owners of 'modern classics'.

HMRC's 150% Tax Bill Shock for Self-Employed

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.

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