Category : Search result: Income Tax changes


New MOT Tester Ban Rules Start 9 January 2026

The DVSA announces stricter MOT rules from 9 Jan 2026, banning testers and principals for 2-5 years after disciplinary action. Learn how this crackdown affects UK drivers.

Calls for £20,000 Personal Tax-Free Allowance Grow

A public petition urges the Labour government and HMRC to raise the personal allowance from £12,570 to £20,000, offering families potential savings of nearly £3,000. Over 28,000 have signed.

HMRC Sends New Tax Codes to UK Households

HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.

UK Tax-Free Income Boost: Rent a Room for £7,500

Discover how HMRC's Rent a Room Scheme lets UK households earn up to £7,500 tax-free annually, potentially raising your total tax-free allowance to £20,070. Learn the rules and see if you qualify.

HMRC Confirms Timetable for Major UK Tax Changes

HMRC has published the phased implementation dates for major tax reforms from the Autumn Budget, affecting savings, property, and pensions. Discover how and when the changes will impact you.

Chancellor's Tax Promise for State Pensioners

Chancellor Rachel Reeves pledges state pension-only retirees won't pay income tax this Parliament, addressing the frozen allowance issue. Read the full details and implications.

1 Million UK Households Now Paying 45% Tax Rate

Frozen tax thresholds have dragged over 720,000 more people into the 45% additional rate band, taking the total beyond one million. Discover how this 'stealth tax' impacts the economy.

Reeves' Second Budget Unveils Tax Rises and Support

Chancellor Rachel Reeves delivers her second Budget with tax increases on alcohol, property and income to fill a £7.6bn fiscal gap, while scrapping the two-child benefit cap to lift 450,000 children from poverty.

HMRC clamps down on social media tax evasion

HMRC is intensifying scrutiny of UK social media accounts, targeting influencers and content creators for undeclared income. Tax experts warn of substantial fines for non-compliance. Learn how to stay compliant.

HMRC Demands £8,165 from UK Households

UK households earning over £50,000 face £8,165 tax demands due to frozen thresholds. Discover the impact on savings and capital gains and how to protect your finances.

Tax Threshold Freeze Extended to 2031

The UK government extends the income tax threshold freeze to 2031, a move set to raise £7.6bn and pull millions into higher tax brackets. Discover the full impact.

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