18 h. ago HMRC confirms over seven million people set to pay higher rate of income tax this year

Frozen tax thresholds have pushed people into higher brackets as their pay has increased.

Economics

19 h. ago HMRC to impose higher tax rate on 7m UK households as frozen thresholds take effect

The number of people paying higher rate tax is expected to hit more than 7 million this year as HMRC issues a warning to 5 million people who will pay the highest rate of tax

Politics

65 h. ago Warning for higher rate taxpayers with more than £14,500 in savings

The number of higher rate tax payers is set to balloon to more than 7million - and they must pay tax on savings interest over £500.

Economics

2 d. ago Warning for higher rate taxpayers with more than £14,500 saved

The number of higher rate tax payers is set to balloon to more than 7million - and they must pay tax on savings interest over £500.

Economics

3 d. ago HMRC to write to 1 million people who are in for a stealthy tax ambush this year

The number of Brits who will be hit by the higher rate of income tax - which is currently 40% - is set to rise with the number of pensioners above state pension age

Economics

6 d. ago Over one million pensioners set to pay higher rate of income tax this year

The Personal Allowance will be frozen at £12,570 until April 2028.

Economics

7 d. ago New call to cut income tax rate in half for people earning under £50,000

An online petition is also urging the UK Government to increase the Personal Allowance to £15,000.

Economics

1 week ago Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting

Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hikeThe chancellor, Rachel Reeves, told a fossil fuel company the industry would receive a “quid pro quo” in return for higher taxes on its windfall profits, it can be revealed.In a meeting with the Norwegian state energy company Equinor on 27 August, Reeves suggested that the government’s carbon capture, usage and storage (CCUS) subsidies were a payoff for oil firms being hit with a higher tax rate. Continue reading...

Economics

2 w. ago Council tax bills set to rise at fastest rate for two decades, economist warns

Rachel Reeves said that ministers will not be ‘going above’ the 5% annual increases in council tax.

Events

4 w. ago Nigel Farage blasts 'supertax' on North Sea oil and gas and backs giving Scotland new fundraising powers as he woos voters ahead of by

The Reform leader hit out at the overall rate of 78 - including the windfall tax - paid by companies who have made massive profits in recent years, on a visit to Aberdeen.

Politics