No one enjoys paying taxes, but some go to extraordinary lengths to avoid their responsibilities. In Birmingham, HM Revenue and Customs (HMRC) has named and shamed 15 individuals and businesses for deliberately defaulting on …
NS&I savers caught in a major compensation scandal could be hit with unexpected tax bills after nearly £500 million in missing payments to bereaved families came to light. An ongoing administrative failure prevented families …
UK households have a valuable opportunity to increase their tax-free income by utilising the HMRC Rent a Room scheme. This government-backed initiative allows homeowners and tenants with spare rooms to earn up to £7,500 per …
From 1 April, UK travellers aged over 16 will face Air Passenger Duty (APD) increases of up to 15%, marking a significant rise in flight costs, especially for long-haul destinations. This tax, already included in ticket …
New tax regulations overseen by Rachel Reeves could mean that hundreds of thousands of pensioners with modest savings become liable for income tax. This arises from frozen tax bands that have not changed since 2021, despite …
Starting April 6, 2026, a series of important tax changes will come into effect for UK households, as the new tax year begins. These updates, announced by HMRC under the current Labour government, cover a wide array of areas …
For the first time in 16 years, UK drivers face a fuel duty increase that could add an extra £3,400 to their lifetime fuel costs. The planned hike has intensified pressure on the Labour government, with campaigners urging …
Drivers are being alerted that the Competition and Markets Authority (CMA) will intensify its oversight of petrol stations following allegations that some garages are exploiting the ongoing Middle East conflict to increase …
The ongoing conflict involving Iran, the United States, and Israel has prompted a significant exodus of British expats from the Middle East, leading to urgent calls for HM Revenue & Customs (HMRC) to implement more …
HM Revenue and Customs (HMRC) is exploring changes to tax regulations for British expats evacuating from conflict-affected areas in the Middle East. The proposed amendments aim to ease tax burdens on over 160,000 UK nationals …
HM Revenue & Customs (HMRC) is preparing to issue tax demand letters to nearly 2.7 million UK savers, signaling a significant increase in taxes on savings next year. According to Treasury forecasts, this move will generate …
Up to one million more state pensioners are expected to start paying income tax on their state pension, following a freeze on tax thresholds announced in last year’s Budget. The Office for Budget Responsibility (OBR) …
Martin Lewis and the Money Saving Expert (MSE) team are reminding UK savers to take full advantage of their Individual Savings Accounts (ISAs) before the current tax year ends on April 5, 2024. After this date, the ISA …
This April, a major new HMRC rule called Making Tax Digital (MTD) will come into effect, marking the most significant overhaul of the UK self-assessment tax system in decades. Despite nearly ten years of resistance from …
More than 800,000 landlords and self-employed individuals have yet to register for HMRC’s Making Tax Digital (MTD) scheme as the compliance deadline rapidly approaches. The new tax system mandates that landlords and …