HM Revenue and Customs (HMRC) has announced the extension of the 5p per litre fuel duty cut until 31 December 2026. This measure includes the cancellation of two previously planned increases that were due to take effect on 1 …
HM Revenue and Customs (HMRC) has confirmed that three advisory fuel rates for drivers will be reduced starting from 1 September. These quarterly reviews by HMRC provide updated guidance on fuel reimbursement rates for …
HM Revenue & Customs (HMRC) has undertaken an extensive review of around 45 million PAYE (Pay As You Earn) accounts as part of its annual tax reconciliation process. As a result, P800 tax calculation letters are currently …
HM Revenue and Customs (HMRC) has come under scrutiny following plans to introduce criminal offences related to tax declarations. The proposal, which would criminalise “recklessly making statements or declarations in tax …
From April 2029, substantial changes to salary sacrifice schemes will come into effect under the oversight of Prime Minister Andy Burnham and Chancellor John Healey, who has succeeded Rachel Reeves. These adjustments will …
The Labour Party’s Prime Minister, Andy Burnham, has unveiled plans for a significant overhaul of social care funding, including the introduction of a new tax on workers aged over 34. Officials from the Department for Health …
The longstanding £3,000 gifting allowance for children, an important aspect of inheritance tax (IHT) planning, is under the spotlight as new reforms are anticipated under Labour leader Andy Burnham’s upcoming premiership. BBC …
HM Revenue & Customs (HMRC) has issued a strong warning to taxpayers and workers to remain vigilant and watch out for signs of tax avoidance on their payslips. The tax authority reminded everyone that “everyone is …
As Rachel Reeves steps down as Chancellor, she confirms a significant tax change affecting thousands of households. Starting 6 April 2027, unused pension funds—money you have not withdrawn from your pension—will generally be …
Andy Burnham’s recent VAT cut on home energy rates has drawn criticism for overlooking the challenges faced by households without driveways. While home charging on a smart EV tariff costs approximately 7p per mile, according …
Under the new Labour government led by Prime Minister Andy Burnham, state pensioners whose only income comes from the state pension will be exempt from paying income tax. In collaboration with Chancellor John Healey, this …
Andy Burnham has indicated that the £12,570 income tax personal allowance, which has been frozen since 2022, could be increased in the upcoming Budget. While the new Prime Minister stopped short of making a firm commitment, …
HM Revenue & Customs (HMRC) is ramping up its crackdown on unpaid taxes, with thousands of new investigations launched targeting individuals and households. Reports indicate that the government’s tax authority secured or …
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 …
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 …