2 h. ago Exactly what the letters and digits mean in your HMRC payslip tax code

HMRC works out each person's code based on their 'tax-free Personal Allowance and income you have not paid tax on'

Economics

9 h. ago Left bullied Starmer to back mansion tax: PM opposed levy on large homes but caved in to appease class warrriors in the Treasury

At last year's general election , Labour promised not to increase national insurance, income tax or VAT on those 'working people'.

Events

17 h. ago How could Rachel Reeves increase income tax in her Budget – and what would it mean for you?

Chancellor reportedly tells watchdog she intends to increase personal tax in one of several ‘major measures’ planned for Budget at end of month

Economics

18 h. ago Pensioners could pay £380 a year EXTRA in tax under Rachel Reeves’ Budget plot

MILLIONS of pensioners face paying an extra £380 a year in tax under Rachel Reeves' Budget plans. The Chancellor is expected to increase income tax by 2p in her Autumn Budget, while cutting National Insurance (NI) payments by 2p for earnings under £50,270. This would ease the burden on workers, as the income tax hike...

Economics

18 h. ago Pensioners face £2,500 tax bills under potential Income Tax plans

Chancellor Rachel Reeves is said to be considering raising income tax, in a move that would hit millions of pensioners - and some could face bills of up to 2,500

Economics

25 h. ago UK Budget: Scots firms urge John Swinney to 'resist temptation' to copy UK government tax rises

Scottish Financial Enterprise (SFE) and the Scottish Retail Consortium (SRC) both warned the First Minister that raising income tax would ‘hit workers’ and not help the economy

Economics

26 h. ago More than 1mn paid highest rate of tax last year due to frozen thresholds

Fiscal drag accounts for two-thirds of those paying the additional rate of income tax

Politics

32 h. ago Reeves 'plotting a raid on pension pots by targeting salary sacrifice schemes' as Labour peer questions why party promised not to put up income tax

The Chancellor is said to be looking at the option of limiting tax breaks on contributions for both employers and employees.

Economics

36 h. ago Almost 9million pensioners to be hit by Rachel Reeves's income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

40 h. ago Almost 9million pensioners to be hit by Rachel Reeves' income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

41 h. ago How much an income tax rise would cost you if Rachel Reeves increases it in the Budget

The chancellor's hints at an income tax rise have been met with alarm from some

Economics

42 h. ago Breakfasts at No 10: buttering up Labour MPs to avoid a budget backlash

Downing Street has been preparing MPs for going back on its manifesto pledge and raising income taxUK politics live – latest updatesIf Keir Starmer’s election campaign was carrying a ming vase across an ice rink, then this budget – according to one minister – is like “wrestling a squirrel across a minefield”.It is an allusion to the biggest risk for Rachel Reeves, not the markets or big business, but Labour MPs. It was those MPs who were the key audience for the chancellor’s highly unusual speech preparing the ground for possible income tax rises. Continue reading...

Politics

45 h. ago 2p or not 2p? Rachel Reeves 'tells Budget watchdog she plans to break Labour's manifesto' as Chancellor mulls 'putting 2p on income tax while cutting 2p from National Insurance'

The Chancellor is said to have told the Office for Budget Responsibility (OBR) that a rise in personal taxation is one of the 'major measures' she is planning to announce.

Economics

45 h. ago Rachel Reeves reveals she's planning to increase income tax at the Budget

The move would break one of Labour’s core manifesto promises in an attempt to close the black hole in public finances Reeves’ government inherited

Economics

47 h. ago Bombshell signal Rachel Reeves plans to increase income tax in Budget

Rachel Reeves has reportedly told the Budget watchdog that she is planning to hike income tax in her November 26 statement, in the clearest sign yet of the Chancellor's plans

Economics

61 h. ago Deputy Labour leader says party must stand by income tax pledge

Lucy Powell says ‘trust in politics is essential’ amid signs the chancellor plans to break manifesto promise

Politics

61 h. ago Labour's new deputy leader warns party not to break tax manifesto promise

Former Cabinet minister Lucy Powell says it is important for Keir Starmer's government to stand by the promises made before Labour's landslide election victory

Events

61 h. ago Labour’s new deputy leader warns Rachel Reeves not to break manifesto pledge and raise taxes

Keir Starmer’s new deputy, who replaced Angela Rayner, also demanded urgent action on the controversial two child benefit cap in the Budget

Events

63 h. ago Lucy Powell says Labour must stand by promise not to raise key taxes

New deputy leader also calls on government to lift two-child benefit cap urgently and in full• UK politics live – latest updatesLucy Powell, Labour’s new deputy leader, has said the government should stand by its manifesto commitment not to raise income tax, national insurance or VAT, amid signs that it may be preparing to break that promise.Powell, who left Keir Starmer’s cabinet in the reshuffle before being elected deputy leader last month, said the budget needed to be about putting more money, not less, into ordinary people’s pockets. Continue reading...

Politics

63 h. ago Labour civil war as new deputy leader warns manifesto vow not to hike income tax MUST be kept

Rachel Reeves and Keir Starmer have been dropping heavy hints that the pledge not to increase income tax, national insurance or VAT might be jettisoned at the Budget .

Events