HMRC Begins Sending Letters Alerting Parents to £1,406 Child Benefit Boost Sunday, May 10, 2026 hmrc childbenefit education parents payments tax training claim teenagers benefits HMRC has commenced sending letters to parents warning them about the risk of losing Child Benefit payments totaling £1,406.60 per year. Starting from May 8, these reminder letters have been sent to families with children aged … Read More
HMRC Raises Tax-Free Personal Allowance to £20,070 for Homeowners Using Rent-a-Room Scheme Saturday, May 9, 2026 hmrc tax allowance rent-a-room income homeowners taxfree accommodation personalallowance rental Homeowners can now benefit from an increased tax-free personal allowance of up to £20,070 by combining the standard personal allowance with income from the Rent-a-Room Scheme. This straightforward initiative from HMRC allows … Read More
Rachel Reeves Confirms £120 Annual Charge for Drivers Covering 8,000 Miles Friday, May 8, 2026 car tax ev hybrid miles charge government policy drivers emissions Rachel Reeves has confirmed a new pay-per-mile car tax set to affect millions of electric and hybrid vehicle owners starting April 2028. Under the upcoming scheme, electric vehicle (EV) drivers will be charged 3p per mile, … Read More
Rachel Reeves Confirms £760 Annual Charge Driving Surge in Car Scrappage Wednesday, May 6, 2026 ved tax motoring carscrappage rachelreeves ukdrivers vehicletax carownership petrolcars dieselcars Rachel Reeves has confirmed an annual £760 charge for many drivers, as a surge in car scrappage sweeps across the UK. The escalation in Vehicle Excise Duty (VED) rates, introduced last year, has dealt a significant financial … Read More
HMRC Introduces New VAT Road Fuel Scale Charges with 22 Bands Up to £2,297 Tuesday, May 5, 2026 hmrc vat fuel emissions business tax co2 charges accounting fleet HMRC has announced revised VAT road fuel scale charges effective from May 1, 2026, which could lead to increased costs for drivers of petrol and diesel business vehicles. These changes affect how businesses calculate VAT on … Read More
HMRC Sends Unexpected Tax Bills to 250,000 Households Over Avoidance Schemes Tuesday, May 5, 2026 hmrc tax taxavoidance loancharge umbrellacompanies taxbills finance taxfraud enforcement employment HMRC has begun sending letters to around 250,000 taxpayers it believes have participated in tax avoidance schemes, demanding payment of unpaid taxes. These letters, described by personal finance experts as a “real … Read More