17 h. ago State Pension tax bill warning to older people before new pay rates start next week

Older people with only the State Pension as their source of income will not pay income tax.

Economics

3 d. ago Millions face paying back some of their state pension to HMRC in a stealth tax raid. Here, our money experts explain what you need to know... and what do to about it

A bizarre tax cliff edge will mean those who receive the full state pension will be taxed on that income - and low-income pensioners will be dragged into the tax system for the first time.

Economics

3 d. ago Pensioners face 'odd' letter from HMRC amid calls for urgent action to be taken

The latest figures for wages show an increase of around five per cent which means people of state pension age, born before 1959, could be dragged into paying income tax due

Politics

4 d. ago Gap of 8,000 secondary school places in special schools last year – figures

Around two in three special schools in England were ‘at or over capacity’ in the last academic year, the Department for Education said.

Politics

4 d. ago Graph reveals how UK tax burden will hit record high after Spring Statement

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

Events

6 d. ago What to expect from Rachel Reeves’s (brief) spring statement

Talk of tough choices ahead, an increase in debt financing, and more initiatives to promote growthThe spring statement offers an opportunity for Rachel Reeves to talk about progress since last October’s budget, the government’s growth agenda and how it is attempting to raise living standards. However, the chancellor’s message is likely to be defensive after being blown off course in recent months.Last year she promised “no return to austerity”. But after stalled tax receipts denied her the income she expected, and concerns over the global economy and Donald Trump’s antics raised the UK’s borrowing costs, Reeves is being forced to make cuts to stay within her budget rules. Here is what to expect from Reeves’s speech, which is predicted to be relatively short at just 25 minutes. Continue reading...

Politics

7 d. ago Income tax shock: London's bill hits nearly £64 billion a year

The bill for the two regions has jumped above £108 billion a year

Economics

7 d. ago Income tax shock: London and South East pay more than all of rest of England

Income tax shock: London and South East pay more than all of rest of England  Evening Standard

Economics

8 d. ago Income tax shock: London and South East now paying more than rest of England put together

Income tax shock: London and South East now paying more than rest of England put together  Evening Standard

Economics

8 d. ago Income tax shock: London and South East now pay more than rest of England put together

The bill for the two regions has jumped above £108 billion a year

Economics

8 d. ago Income tax cuts and jobs at risk due to trade war, Donohoe says

Government plans for tax cuts may have to be postponed due to the threat of a global trade war, the finance minister has said.

Events

1 week ago Heathrow Airport fire update from Keir Starmer amid widespread disruption

The Labour Prime Minister said he is "in close contact with partners on the ground."

Society

1 week ago New update on calls to make State Pension payments exempt from income tax

More than 104,000 people have signed an online petition calling for State Pensions to be exempt from income tax.

Economics

1 week ago CBI boss urges SNP ministers to close income tax gap with England

Rain Newton-Smith said uncompetitive tax policies are a ‘handbrake on growth’

Politics

1 week ago Sir Keir Starmer refuses to rule out income tax rise in Spring Statement

The Prime Minister remained tight-lipped on a commitment not to extend the freeze on income tax thresholds ahead of next week's announcement by the Chancellor

Politics

1 week ago Starmer fails to repeat commitment not to extend freeze on income tax

In the autumn budget, Rachel Reeves decided not to extend the freeze on the thresholds at which people start to pay different rates of income tax.

Events

1 week ago New freeze on income tax thresholds in 'emergency Budget' not ruled out by Keir Starmer

Tory leader Kemi Badenoch challenged the PM on tax ahead of next week’s Spring Statement

Economics

1 week ago What benefits am I entitled to? Calculator works out how much YOU can claim for as Labour cuts £5billion from welfare bill

Three benefits calculators can help with information on income-related benefits, contribution-based benefits, Universal Credit, tax credits, Council Tax Reduction and Carer's Allowance.

Economics

1 week ago A new Manchester United stadium isn’t about regeneration and never will be | Jonathan Liew

If ‘New Trafford’ is such a nailed-on wealth generator, then why aren’t Ratcliffe and the Glazers funding it themselves?The roof of the proposed new Manchester United stadium has three points, which is more than can often be said for the team who will play underneath it. According to Nigel Dancey of the architectural firm Foster + Partners, the three giant masts will “create a distinctive presence on the skyline”, presumably in the same way that Roy Keane created a distinctive presence on Alf‑Inge Haaland’s knee.But of course aesthetic quibbles are the least of our concerns here. If Manchester United want to erect a giant plastic canopy over their new 100,000-seat stadium in a way that evokes a chicken being wrapped before roasting, then frankly who are we to demur? Beauty is in the eye of the freeholder, and all that. The more pressing question – as someone who, unlike part-owner Jim Ratcliffe, still pays income tax in this country – is what exactly the rest of us ar...

Politics

2 w. ago New call for Council Tax discount for all people over State Pension age

An online petition is calling for State Pension incomes to be taken into account when calculating Council Tax bills.

Economics