Category : Search result: Income Tax hike


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.

TV Licence to exceed £180 for first time in 2026

Millions of UK households face a new TV Licence hike in 2026, pushing the annual cost above £180. The rise, linked to inflation, could see more people cancelling. Read the full details.

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.

Pub chains raise prices due to £130m cost surge

Mitchells & Butlers, owner of Toby Carvery and Harvester, warns of menu price increases averaging 3.2% after facing a £130 million extra bill. Find out what's driving the hikes.

Teens Hike Pen y Fan for Hospital Chemo Unit

Girls' football teams from Ammanford completed a charity hike up Pen y Fan, raising £1,250 for Prince Philip Hospital's Chemotherapy Day Unit. Discover how personal connections inspired their incredible effort.

Poorest pensioners miss out on £7,700 in DWP support

New analysis reveals a stark gap in state support, with retirees on under £15,003 income receiving £7,754 less annually than wealthier OAPs. Discover the figures and why checking eligibility is crucial.

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.

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.

Reeves' Second Budget Unveils Tax Rises and Support

Chancellor Rachel Reeves delivers her second Budget with tax increases on alcohol, property and income to fill a £7.6bn fiscal gap, while scrapping the two-child benefit cap to lift 450,000 children from poverty.

HMRC clamps down on social media tax evasion

HMRC is intensifying scrutiny of UK social media accounts, targeting influencers and content creators for undeclared income. Tax experts warn of substantial fines for non-compliance. Learn how to stay compliant.

Autumn Budget 2024: The Winners and Losers

Rachel Reeves' Autumn Budget targets workers, savers, and high-value property owners with new taxes and freezes. Discover the key financial changes and who benefits.

HMRC Demands £8,165 from UK Households

UK households earning over £50,000 face £8,165 tax demands due to frozen thresholds. Discover the impact on savings and capital gains and how to protect your finances.

Cigarette price hike starts 6pm tonight

Chancellor Rachel Reeves announces tobacco duty rise above inflation in Autumn Budget. Find out how much more your cigarettes will cost from today.

Tax Threshold Freeze Extended to 2031

The UK government extends the income tax threshold freeze to 2031, a move set to raise £7.6bn and pull millions into higher tax brackets. Discover the full impact.

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