HMRC: No Tax Offset for Selling Personal Items at a Loss
HMRC clarifies strict tax rules for online sellers. Find out why losses on personal belongings cannot reduce your income tax bill and what the actual Capital Gains Tax rules are.
Category : Search result: frozen income tax
420,000 drivers pay luxury car tax after threshold freeze
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.
Call to Double State Pensioners' Tax Allowance
A parliamentary petition urges HMRC to double the personal tax allowance for state pensioners to £25,140. With 10,000 signatures, it seeks to protect pensioners from rising tax bills as thresholds remain frozen.
HMRC's 2026 tax crackdown: New powers & whistleblower scheme
HMRC is launching an aggressive new crackdown on historic tax avoidance from 2026, with new powers, a US-style whistleblower reward scheme, and a surge in criminal investigations. Experts warn of risks.
State pensioners face new 'two-tier' income tax rule
Labour's new rule means pensioners with only state income won't pay tax from 2027, but critics warn of unfairness for those who saved. Discover the full impact.
Pension Tax Plan Sparks 'Unfair' Row for 2.5m
A million pensioners may avoid income tax under a Labour plan, but ex-minister Steve Webb calls it 'unfair' to 2.5m already paying. Read the full analysis.
HMRC uses AI to target tax evasion and fraud
HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.
HMRC tax refund guidance after wrong address error
HMRC has issued clear guidance on tax refunds after a cheque was sent to an old address. Learn the steps to correct the error and the helpline number to call.
Chancellor's Tax 'Workaround' for State Pensioners
Chancellor Rachel Reeves commits to a tax 'workaround' ensuring state pensioners won't pay income tax on their pensions this parliament. Full details on the new personal allowance plan.
State pensioners exempt from tax returns until 2029
Chancellor Rachel Reeves pledges state pensioners won't need to file Self-Assessment forms on retirement benefits for this Parliament, offering relief as pension values rise.
Disposable income falls to lowest level since 2019
UK household disposable income has plummeted to its lowest point since 2019, driven by a £6bn tax surge. Experts warn fiscal drag is eroding wage gains. Read the full analysis.
Pensioners warned over tax threshold freeze extension
Chancellor Rachel Reeves extends tax threshold freeze to 2031, dragging more pensioners into tax. Experts warn of unfairness and hardship for those on low incomes. Read the full analysis.
State pensioners face £800 tax bills from HMRC
Thousands of retirees relying on state pension top-ups are being sent tax demands of around £800, falling outside Labour's new exemption. Discover the impact of frozen thresholds.
Pensioners face tax hit as thresholds frozen under Labour
Chancellor Rachel Reeves's Budget reforms, with frozen income tax thresholds, are set to push retirees with modest savings into paying tax. Experts warn of fiscal drag and inheritance tax implications.
Tax receipts jump £41.8bn after Reeves' Budget
HMRC data reveals a £41.8bn rise in tax receipts to £579bn, driven by threshold freezes. Read the full analysis of the Chancellor's fiscal impact.
4m pensioners' tax codes changed for Winter Fuel repayments
HMRC will adjust tax codes for around four million state pensioners with incomes over £35,000 to reclaim Winter Fuel Payments. Find out how much will be deducted monthly from 2026.
Inheritance Tax receipts hit £5.8bn, up £84m
UK inheritance tax receipts reach £5.8bn in eight months, driven by frozen thresholds. Experts warn the 'quiet' revenue raiser is forecast to hit £14.5bn by 2031. Read the full analysis.
Stealth tax rule leaves UK households £1,142 worse off
A frozen HMRC trading allowance is eroding the tax-free earnings of UK side hustlers on Vinted, eBay & Airbnb. See how inflation impacts your income.
Reeves' frozen tax bands to hit pensioners with private pots
Chancellor Rachel Reeves faces criticism as frozen tax thresholds will push state pensioners with small private savings into paying income tax from 2027. Experts warn of financial strain.
HMRC Tax Freeze to Cost Workers Thousands by 2031
The Autumn Budget's extended income tax threshold freeze until 2031 is a 'stealth tax' costing workers up to £4,420. Discover the generational split and financial impact.
Labour's 'Two-Tier' Pension Tax Sparks Outrage
Chancellor Rachel Reeves freezes income tax thresholds for 3 years, creating a 'two-tier' pension tax system. Critics warn it penalises savers. Read the full analysis.
Calls for £20,000 Personal Tax-Free Allowance Grow
A public petition urges the Labour government and HMRC to raise the personal allowance from £12,570 to £20,000, offering families potential savings of nearly £3,000. Over 28,000 have signed.
Reeves: State Pension Only Retirees Won't Pay Tax
Chancellor Rachel Reeves confirms low-income pensioners won't pay income tax from 2027. Get the full details on the tax perk and what it means for you.
New Pay-Per-Mile Car Tax Announced for EV Drivers
UK drivers of electric and plug-in hybrid cars will face a new pay-per-mile tax from April 2028. Find out the rates and how it could affect your motoring costs.
HMRC Sends New Tax Codes to UK Households
HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.
UK Tax-Free Income Boost: Rent a Room for £7,500
Discover how HMRC's Rent a Room Scheme lets UK households earn up to £7,500 tax-free annually, potentially raising your total tax-free allowance to £20,070. Learn the rules and see if you qualify.
Labour's tax break for state pensioners with no other income
Chancellor Rachel Reeves confirms retirees whose sole income is the state pension will not pay tax or file returns, even if the pension exceeds the personal allowance. A major administrative win for pensioners.
Petition for £20k Tax Allowance Hits 30k Signatures
A public petition urging the government to raise the personal tax allowance to £20,000 has passed 30,000 signatures, piling pressure on Labour. Find out what happens next.
Two-digit tax code could mean £3,539 HMRC refund
State pensioners with a two-digit 'M1' tax code may be owed thousands in emergency tax refunds from HMRC. Learn how to check your code and claim back an average of £3,539.
Reeves' stealth tax warning for earners over £40,000
Chancellor Rachel Reeves confirms frozen tax bands, dragging millions into higher rates. Discover how fiscal drag impacts your income and pension. Sign up for our money-saving newsletter.
Page 1 of 4