Category : Search result: HMRC tax exemption


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.

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 Rule Can Increase Tax-Free Allowance to £13,830

A legitimate HMRC rule allows married couples to transfer part of their Personal Allowance, potentially boosting one partner's tax-free limit to £13,830 and saving up to £1,258. Act before the April 5 deadline.

HMRC letters for savers with over £3,500

Nearly 900,000 UK savers may receive letters from HMRC to check tax on savings interest. Experts explain your obligations and what to do if contacted.

HMRC rejects £20k tax-free allowance call

HMRC has formally rejected a public petition to raise the Personal Tax-Free Allowance to £20,000, citing a £50 billion annual cost. The petition argues it would help with living costs.

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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