70% of sole traders unprepared for HMRC's MTD shake-up
From April 2026, sole traders earning over £50,000 must adopt HMRC's Making Tax Digital. Research reveals 70% are unprepared, risking compliance issues. Learn how to adapt.
Category : Search result: income tax refund
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.
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.
400,000 homes in wrong council tax band
Up to 400,000 UK homes may be in the wrong council tax band due to flawed 1991 valuations. Check your band now and challenge it to potentially claim thousands in backdated refunds.
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.
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.
Halifax clarifies refund rules after £112 ATM error
Halifax has explained its refund process after a customer in Guatemala was left £112 out of pocket from a failed ATM withdrawal. Learn how to dispute a transaction.
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.
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.
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.
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.
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.
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.
Council to refund second home tax after legal error
Warwick District Council must repay double council tax charged on second homes after admitting it 'acted outside the law'. A procedural mistake forces a costly U-turn.
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.
Claim a £3,539 HMRC Pension Tax Refund Now
Thousands overpay tax on pension withdrawals due to emergency codes. Learn how to check your status and claim your refund from HMRC ahead of the festive season.
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.
HMRC's mandatory tax adviser register starts May 2026
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.
Chancellor's Tax Promise for State Pensioners
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's online selling crackdown is not a scare tactic
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.
1 Million UK Households Now Paying 45% Tax Rate
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.
Sky Live axed: Customers to receive refunds up to £290
Sky is refunding customers up to £290 after discontinuing its Sky Live service. The interactive TV feature will shut down permanently on December 4, 2025.
Council Tax Band D: £0 Bills Before £2,394 Rise
UK households in council tax band D can get 100% discounts, leading to £0 bills before a 5% rise to £2,394. Learn how to apply for Council Tax Support.
New HMRC tax bands announced with 47% top rate
Chancellor Rachel Reeves announces new tax bands for property and dividend income, with a top rate of 47% to ensure fairer taxation on assets.
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