Andy Burnham Supports Raising Inheritance Tax to 50%, Increasing Costs for Households by £53,000 Tuesday, July 14, 2026 inheritancetax andyburnham labourparty taxpolicy estates wealthmanagement politics hmrc taxincrease ukgovernment Andy Burnham, the newly elected Labour MP for Makerfield, is reportedly considering a proposal to increase the inheritance tax rate from the current 40% to 50%. This move, supported by the Labour-affiliated Institute for … Read More
Andy Burnham Considers 50% Income Tax for Earners Over £125,140 Monday, July 13, 2026 tax income labour burnham hmrc revenue budget policy topsalary finance Andy Burnham, the Labour Party frontrunner for Prime Minister, has reignited discussions about increasing the top income tax rate to 50% for those earning above £125,140. This proposal revives a controversial debate about … Read More
HMRC Announces Surprise Child Benefit Payments of Up to £180 Arriving This Week Monday, July 13, 2026 hmrc childbenefit payments northernireland bankholiday treasury inflation benefits guardianallowance socialsecurity Households across the UK can expect surprise payments from HM Revenue & Customs (HMRC) arriving this Tuesday and Wednesday, with amounts reaching up to £180. These payments relate to Child Benefit, provided by the … Read More
HMRC Announces £10 Daily Fines for Late Self Assessment Tax Returns Starting 2026 Friday, July 10, 2026 hmrc selfassessment taxreturns penalties fines taxdeadline uktax latefiling taxpayments taxcompliance HM Revenue and Customs (HMRC) has confirmed that from January 31, 2026, households in the UK who fail to file their Self Assessment tax return on time will face strict financial penalties. An initial fixed penalty of £100 … Read More
DWP Confirms State Pensioners Must Opt Out by September or Face £300 Winter Fuel Payment Reclaim Saturday, July 4, 2026 dwp hmrc pensioners winterfuelpayment optout incomethreshold nationalinsurance overpayment repayment benefits The Department for Work and Pensions (DWP) has confirmed the return of Winter Fuel Payments for the 2026 season. However, pensioners with annual incomes exceeding £35,000 must act carefully: if they do not opt out, HM Revenue … Read More
Andy Burnham’s Plan to Introduce Three New HMRC Tax Bands on Capital Gains Thursday, July 2, 2026 cgt taxation hmrc burnham capitalgains incometax budget2024 labour finance policy Prime Minister hopeful Andy Burnham is reportedly considering a major overhaul of Capital Gains Tax (CGT) if he takes office. CGT is a tax on the profit earned from selling or disposing of assets that have appreciated, … Read More