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.
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.
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 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.
The Valuation Office clarifies how the new High Value Council Tax Surcharge will work for properties over £2 million from 2028. Learn about the targeted valuations and how it aims to create a fairer system.
Bereaved families could be hit with six-figure bills due to deferred council tax payments on high-value homes. Learn about the new surcharge and its long-term impact.
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 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.
Labour introduces a 'mansion tax' surcharge for properties over £2m from 2028. Experts analyse the impact on the housing market as October 2025 sales dip 2% year-on-year.
Chancellor Rachel Reeves announces a major inheritance tax rule change for farmers and business owners. From April, couples can transfer unused relief, shielding up to £2m from tax. Discover the impact and reaction.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
HMRC has published the phased implementation dates for major tax reforms from the Autumn Budget, affecting savings, property, and pensions. Discover how and when the changes will impact you.
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.
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.
HMRC will launch a mandatory register for all tax advisers in May 2026. Learn about the new rules, penalties, and the £36m investment to modernise services.
Tenants face higher rents in 2026 as new property income taxes threaten rental supply, Nationwide warns. Experts say landlords will pass on costs. Read the full analysis.
Chancellor Rachel Reeves pledges state pension-only retirees won't pay income tax this Parliament, addressing the frozen allowance issue. Read the full details and implications.
HMRC can now track your online sales on platforms like Vinted and eBay. Exceeding thresholds could lead to fines or criminal investigation. Declare your side hustle now.
Frozen tax thresholds have dragged over 720,000 more people into the 45% additional rate band, taking the total beyond one million. Discover how this 'stealth tax' impacts the economy.