20 h. ago Families will pay nearly £600,000 in income tax over their lifetimes, new figures reveal

FAMILIES will pay nearly £600,000 in income tax over their lifetimes, new figures reveal.  They will cough up £571,740 — part of a £1.28million lifetime tax bill once VAT, national insurance and other levies are included.  TaxPayers’ Alliance chief executive, John O’Connell, claimed most households were now “tax millionaires” after unveiling his group’s research findings....

Economics

28 h. ago Private schools taking fees from criminal parents could be prosecuted for money laundering experts warn after drugs baron pays for daughter's classes with envelopes of cash

Tom Keatinge, the Director of the Centre for Finance and Security at RUSI, said questions may be raised about whether Labour's tax on private school fees is fuelling parents to pay in cash.

Events

35 h. ago Why gangsters are sending their children to rub shoulders with wealthy families at Britain's top private schools... and paying fees with wads of cash

Tom Keatinge, the Director of the Centre for Finance and Security at RUSI, said questions may be raised about whether Labour's tax on private school fees is fuelling parents to pay in cash.

Economics

40 h. ago People claiming 24 DWP benefits to get extra cash next month

DWP will pay out tax-free bonuses in just a few weeks' time

Politics

52 h. ago Rachel Reeves considers 20% tax on assets of people deciding to leave UK

Plans for ‘settling-up charge’ predicted to raise £2bn and would follow policy in place among most G7 countriesRich people quitting the UK could be required to pay a 20% tax on their business assets as part of plans reportedly being considered by the chancellor, Rachel Reeves.The Treasury has drawn up plans for a “settling-up charge” on assets; a move that would bring the UK into line with most other G7 nations and raise a predicted £2bn for the public coffers, according to the Times. Continue reading...

Politics

58 h. ago Tax department issues rules for pensioners who must pay £300 Winter Fuel Payment back

Pensioners with a taxable income over £35,000 will have the payment clawed back in one of two ways

Economics

65 h. ago Rachel Reeves's workplace pension plot: Chancellor warned against 'reckless' £4billion raid on salary sacrifice schemes

The Labour Chancellor is said to be plotting to remove tax breaks offered to employers and staff that pay money into workplace pensions as she looks to plug a multi billion black hole in public finances.

Economics

67 h. ago Ed Miliband slammed for sneakily increasing Labour’s hated boiler tax punishing hard

ED Miliband was yesterday accused of punishing hard-up households — as he sneakily increased Labour’s hated boiler tax. His Net Zero diktat forces boiler-makers to pay fines if they fail to sell enough eco-friendly but pricey heat pumps. And now the Energy Secretary has quietly raised their target from six to eight per cent of...

Politics

5 d. ago See how much Income Tax hike could cost YOU as Starmer refuses to rule out rises

You currently pay the basic 20% rate of Income Tax when you earn above £12,570, then the higher rate of 40% income tax kicks in on earnings above £50,270

Economics

7 d. ago EY’s partner pay rises 9% to £787,000 as UK accountants face tax raid

Deals advisory arm reverses decline amid ‘challenging market’ for Big Four firm

Economics

8 d. ago How much would Labour's plan to increase income tax cost YOU? Find out how your pay will be hit if Chancellor goes through with plan to hike levy by a penny

The Chancellor is said to be considering ripping up the party's election pledge not to raise income tax paid by millions of Britons as she struggles to get a grip on public spending.

Economics

1 week ago Personal Allowance income tax threshold of £12,570 could increase at Autumn Budget

More pensioners will pay tax in retirement next year due to the frozen Personal Allowance.

Economics

1 week ago State pensioners warned over £25,000 HMRC limit as 'you could pay a lot more tax'

State pension payments increase each April thanks to the triple lock

Economics

1 week ago Angela Rayner shaking as she breaks silence in emotional resignation speech

Ms Rayner, who was also the housing secretary and deputy leader of the Labour Party, resigned in September after admitting that she did not pay enough tax on a new home

Politics

1 week ago Drivers can pay HMRC 'too much tax' if they fail to do one thing

An alert has been issued to drivers who may be unknowingly paying too much tax; however, there's a simple way you can reclaim it from HMRC if you're eligable to do so

Economics

2 w. ago More than 1.1m people over pension age could pay income tax on savings accounts

Some 1,160,000 people over state pension age are expected to incur an income tax liability on savings, according to data obtained by AJ Bell.

Economics

2 w. ago Reeves sets sights on Motability to save £1billion in Budget: Will Chancellor scrap tax breaks for disability car scheme users?

The Chancellor is considering scrapping tax breaks which spare Motability's 860,000 users from having to pay VAT or insurance premium tax on their leased vehicles.

Economics

2 w. ago HMRC warns people working from home ‘don’t get caught out’ as it highlights key red flag

People working from home can be eligible to claim work expenses, but accepting bad advice could mean they have to pay HMRC instead, with the tax office urging people to recognise the warning signs

Events

2 w. ago 'Those with broadest shoulders should pay fair share of tax', says Rachel Reeves

The Chancellor said she wants to “get the balance right” and not people wealthy people off coming to the UK ahead of the Budget next month.

Economics

2 w. ago Nine common cars that will have to pay Cardiff's Land Rover tax on parking

Cardiff Council recently approved plans to overhaul parking in the city which will include a surcharge for larger and more polluting vehicles

Economics