Category : Search result: HMRC trading allowance


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.

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.

HMRC Rule Lets Households Pass On £1M Tax-Free

Money expert Martin Lewis explains how married couples can use HMRC rules to leave up to £1 million to their children without paying Inheritance Tax. Learn the crucial legal steps.

Pensioners face tax demands due to Triple Lock

Due to the Triple Lock, state pensioners with modest private pensions could soon receive tax demands from HMRC as incomes near the personal allowance threshold. Discover the implications.

Asda Breaks Pricing Law, Apologises to Shoppers

Asda has apologised after failing to display mandatory unit prices on items like Weetabix and dishwasher tablets, breaking UK consumer law. Discover which products were affected.

HMRC to claim £200 from earners under £35k

Millions of low-to-medium earners face losing up to £200 as HMRC chases tax due to frozen thresholds. Discover how this impacts your finances and what experts say.

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