44 h. ago Married couples could raise personal tax threshold to £13,830 with backdated application

The tax-free Personal Allowance has been frozen for years on end and unless there's an unexpected u-turn from the government, is set to remain stuck at its current levels for at least another four years, until 2028

Economics

3 d. ago HMRC confirms change to Child Benefit due to start this summer

Child Benefit and Guardian’s Allowance payments will rise on April 7.

Politics

4 d. ago Major DVLA tax changes for petrol, diesel and electric car drivers

The DVLA has introduced a host of new road tax regulations from today which could see drivers paying significantly more than they have in the past. Here's a full rundown of the changes

Events

4 d. ago Real Madrid manager Carlo Ancelotti to stand trial accused of €1m tax fraud

Charged with not declaring earnings from image rightsItalian ‘not worried’ and has ‘total confidence in justice’The Real Madrid coach, Carlo Ancelotti, will appear in court on Wednesday to stand trial on charges of defrauding Spain’s tax office of more than €1m (£836,857) in undeclared earnings from image rights in 2014 and 2015.Prosecutors, who are seeking a jail term of four years and nine months, allege that the 65-year-old former Chelsea and Everton manager used shell companies outside Spain to create “opacity vis-a-vis the Spanish treasury concealing the real beneficiary of the income from the exploitation of his image rights”. Continue reading...

Politics

5 d. ago HM Treasury income tax personal allowance 'rise' verdict after £20k threshold calls

HM Treasury has given its verdict following fresh calls to increase the tax free Personal Allowance (which has been stagnant at £12,570 since 2021) to £20,000 per year

Economics

8 d. ago Weather tracker: Heavy rain alerts in Queensland as floods cut off towns

Wettest March day for 15 years in some parts of northern Australian state, while storms and hail hit MediterraneanMore heavy rain has hit Queensland, Australia, just weeks after the devastation of Cyclone Alfred. Much of north and central Queensland was put under severe weather alert for heavy rainfall earlier this week, as six-hourly rainfall totals of 30-60mm were anticipated, with risk of seeing a total of up to 120mm locally in this time frame.In the north-west of the state, this rain allowed waters in the Haughton River to rise rapidly, with levels reaching 2.68 metres on Wednesday night, exceeding the 2.5-metre major flood level. Continue reading...

Events

1 week ago Calls for £20,000 personal tax allowance for all pensioners progresses to next stage

Nearly 218,000 people have signed an online petition in support of an increase to the £12,570 tax threshold.

Economics

2 w. ago What do I need to score to get Pip disability payments? How are they changing and what is happening to Universal Credit? All your questions answered as Labour slashes £5billion off welfare budget

Personal Independence Payment (Pip) is a tax-free benefit in England, Wales and Northern Ireland aimed at helping the disabled with the increased cost of living associated with their conditions.

Economics

2 w. ago What are PIP disability payments, how are they changing and how will you be affected? All your questions answered as Labour slashes £5billion off the welfare budget

Personal Independence Payment (Pip) is a tax-free benefit in England, Wales and Northern Ireland aimed at helping the disabled with the increased cost of living associated with their conditions.

Economics

2 w. ago 'Hidden tax trap' sees some workers pay 60% on some of their salary

Once you start to earn more than £100,000 each year, you lose 50p of your tax-free personal allowance for every £1 you earn above this amount

Economics

2 w. ago Campaign to raise personal tax allowance from £12,570 to £20,000 in Budget backed by 84,000 people

The Spring Statement is set to be delivered on March 23 and campaigners are urging the Chancellor to increase the tax threshold for state pensions in the upcoming Budget

Economics

2 w. ago Brits demand personal tax allowance raise from £12,570 to £20,000 as petition hits 190k

A campaign urging Chancellor Rachel Reeves to raise the tax threshold for state pensions in this year's Spring Statement has been signed by 190,000 people

Economics

2 w. ago Update on calls to increase personal tax allowance from £12,570 to £20,000 as backing soars

A petition has racked up more than 85,000 signatures as pressure grows on Chancellor Rachel Reeves ahead of the Spring Statement

Economics

3 w. ago New State Pension uprating could see millions pay tax in retirement in two years' time

The New State Pension will be uprated by 4.1 per cent in April, however, the personal tax threshold has been frozen until 2028, which could see more than 4 million pensioners exceed the income threshold in just two years' time

Economics

3 w. ago Bereavement support payment: how much will UK allowance benefit rise in April 2025

Starting in April, many payments will get a much-needed boost to support families 💰

Politics

4 w. ago Martin Lewis gives savers £20,000 'limit' warning on tax payments

Personal finance expert said busting through the tax allowance could mean people getting a bill from HMRC

Economics