Category : Search result: HMRC trading allowance


DWP urged to intervene over state pension tax letters

The DWP faces calls to clarify tax rules as the Triple Lock pushes state pensions near the tax threshold. Chancellor Rachel Reeves has pledged retirees won't be taxed on this income. Read the full analysis.

Second Tamworth shop closed for illegal goods

A second Tamworth shop has been forced to close for three months after being caught selling illegal and counterfeit tobacco. Read how the council and police are tackling crime on the high street.

£150k Fake Goods Seized in Bescot Market Raid

Walsall Council seized counterfeit Apple AirPods and other goods worth £150,000 from three stalls at Bescot Market. The operation highlights the ongoing fight against dangerous fake products.

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.

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