Andy Burnham Signals Possible Introduction of 50% Income Tax Rate for High Earners Thursday, July 2, 2026 incometax hmrc andyburnham taxpolicy higherrate labourparty fiscalpolicy devolution economicgrowth budget2024 Andy Burnham, the Labour Party’s prospective Prime Minister, has hinted at the introduction of a new 50% income tax rate for individuals earning over £125,140 annually. This new rate could replace the current 45% higher rate, … Read More
HMRC to Recover £200 Winter Fuel Payment from Pensioners with £35,000+ Income Thursday, July 2, 2026 hmrc winterfuelpayment pensioners taxcode incometax statepension meanstest martinlewis taxthreshold ukfinance HM Revenue and Customs (HMRC) will begin reclaiming the £200 Winter Fuel Payment from state pensioners whose total taxable income surpasses the £35,000 threshold. This change primarily affects state pensioners born after 1951 … Read More
Andy Burnham’s HMRC Tax Proposal Could Leave £35,000 Earners £500 Worse Off Thursday, July 2, 2026 incometax fiscaldrag taxfreeze andyburnham hmrc labour taxpolicy devolution personalallowance taxthresholds Andy Burnham has indicated that a forthcoming HMRC income tax initiative could result in individuals earning around £35,000 being £500 worse off. The Labour Party government has already frozen income tax thresholds until … Read More
Rachel Reeves Confirms End of Working From Home Allowance Before Her Departure as Chancellor Tuesday, June 30, 2026 rachelreeves workfromhome taxrelief chancellor labourparty remotework hmrc taxincrease employerreimbursement ukpolitics Rachel Reeves has confirmed the imminent removal of the working from home allowance as she prepares to leave her role as Labour Party Chancellor. Following Sir Keir Starmer’s resignation, Ms. Reeves is widely expected … Read More
HMRC Urges Millions of Self Assessment Taxpayers to Meet July 31 Payment Deadline Monday, June 29, 2026 hmrc selfassessment tax payments deadline taxpayer paymentplans budgeting app july31 HM Revenue and Customs (HMRC) has issued a reminder that the deadline for the second Payments on Account for the 2025-2026 tax year is just one month away, falling on 31 July. Millions of Self Assessment taxpayers are being … Read More
HMRC Targets Families with Significant Pension Savings in Upcoming Inheritance Tax Reforms Sunday, June 28, 2026 inheritance tax pensions hmrc estate savings reform wealth retirement planning HM Revenue & Customs (HMRC) is preparing to implement significant changes to inheritance tax (IHT) rules that will affect families with substantial pension savings. Under reforms set to take effect from April 6, 2027, … Read More