HMRC to Send Tax Letters to 9.5 Million Older State Pensioners Due to Frozen Allowances Sunday, July 19, 2026 hmrc pensioners tax allowances frozenthresholds statepension income finance retirement taxbill HM Revenue & Customs (HMRC) is preparing to send out brown tax letters to a record 9.5 million state pensioners born before 1960, warning them of potential tax bills stemming from frozen tax thresholds. This surge in … Read More
Shabana Mahmood Endorses 50% Income Tax Rate Amid Chancellor Speculation Friday, July 17, 2026 shabanamahmood incometax labourparty chancellor andyburnham hmrc taxpolicy economicjustice edmiliband politics Shabana Mahmood, the Birmingham MP, has garnered attention following reports suggesting she could be appointed Chancellor as early as Monday. Her endorsement of a 50% income tax rate, previously expressed in Parliament, has … Read More
HMRC Announces VAT Road Fuel Scale Charges Effective Through April 2027 Thursday, July 16, 2026 hmrc vat vatcharges roadfuel co2emissions companycars fuelscale businesstax accounting vehicletax HM Revenue & Customs (HMRC) has confirmed the updated VAT road fuel scale charges for petrol and diesel cars, which will take effect from May 1, 2026, and remain applicable until April 30, 2027. These charges will impact … Read More
820,000 State Pensioners Face Income Tax Due to 2011 Triple Lock Rule Wednesday, July 15, 2026 pension tax triplelock hmrc statepension dwp retirement inflation pensionpolicy personalfinance Around 820,000 state pensioners are expected to start paying income tax on their Department for Work and Pensions (DWP) state pension alone within the next two years. This increase is largely driven by the Triple Lock … Read More
Andy Burnham Urged to Address Soaring 62% Tax Rate as He Poised to Become Prime Minister Tuesday, July 14, 2026 taxation andyburnham hmrc marginaltaxrate income benefits universalcredit childbenefit taxreform economicgrowth Andy Burnham, the newly elected Labour MP for Makerfield and likely next Prime Minister, has been urged to tackle a critical tax issue impacting British taxpayers. A recent report from Policy Exchange, supported by former … Read More
Rachel Reeves Announces New Income Tax Exemptions for State Pensioners, but Millions May Be Excluded Tuesday, July 14, 2026 pensions tax hmrc statepension rachelreeves incometax labour martinlewis retirement exemption Labour Party Chancellor Rachel Reeves has confirmed that state pensioners whose only source of income is the state pension will not have to pay income tax until at least the end of this decade. This move aims to ease the … Read More