16 h. ago Treasury confirms which state pensioners could avoid income tax next year

The annual state pension increase is threatening to make some pensioners liable for a tax bill

Economics

44 h. ago Raising VAT would cut spending power TWICE as much as raising income tax, Rachel Reeves is warned

The Chancellor has been warned that raising VAT in the Autumn Budget would have a more detrimental effect on the economy than income tax hikes.

Events

44 h. ago Billionaire Illinois Gov. JB Pritzker won $1.4M playing blackjack at a Vegas casino last year: ‘I was incredibly lucky’

Pritzker and his wife reported taxable income of more than $10 million on their 2024 tax returns – triple their earnings from the previous year

Politics

54 h. ago New calls for £20,000 Personal Allowance to stop people paying ‘ridiculous’ tax amounts 

Thousands of people have signed an online petition calling or the UK Government to unfreeze the income tax threshold.

Economics

68 h. ago Reeves needs to fill £22bn hole in UK public finances, IFS says

Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26

Economics

3 d. ago New UK Government update on calls to stop income tax change in April

The Treasury has responded to an online petition calling for a stop to making tax digital next year.

Politics

4 d. ago UK tax calculator: workers hit by 60% HMRC income and take home salary 'tax trap' in 2025

Many UK workers could lose thousands 💸

Economics

5 d. ago Nigel Farage vows no tax cuts before public spending is curbed by a Reform government as he 'ditches election manifesto' on the economy

In its 2024 election manifesto Reform unveiled plans for its first 100 days that included cuts to stamp duty, fuel duty and energy taxes, the abolition of IHT and changes to income tax thresholds.

Politics

5 d. ago How the IFS says Rachel Reeves can raise tax and fill a £30bn black hole WITHOUT breaking her promises

The Chancellor may have to find up to £30billion in the Budget, but has pledged not to raise income tax, National Insurance or VAT.

Economics

6 d. ago We’ve reached our limits on raising income tax in Scotland, says SNP finance minister Shona Robison

The Scottish Government has reached its limits on income tax, the Finance Secretary has said.

Politics

7 d. ago ‘Substantial’ federal layoffs begin as Congress remains deadlocked over funding to end shutdown – live

No official numbers have been announced but treasury, HHS, DHS and education departments among agencies confirming cuts White House announces federal worker layoffs as government shutdown nears third weekAs the shutdown enters its 10th day, and both chambers are out of session today, House speaker Mike Johnson has defended not passing a separate bill that would keep members of the military paid throughout the shutdown.“Republicans have voted to OPEN the government and get our troops, Border Patrol, TSA, and veterans PAID,” Johnson said, before blaming Democratic leadership for refusing to pass the House-passed continuing resolution. “Chuck Schumer is terrified of a challenge from the Marxist left – so he and the Democrats voted to CLOSE the government-and to STOP PAYCHECKS from being issued.” Continue reading...

Events

8 d. ago Income tax or VAT? Experts reveal which increase will have ‘least damaging’ impact on economy

New economic analysis has revealed which tax rise will be the better option for the economy

Economics

8 d. ago Income tax or VAT? Experts reveal which increase will have ‘least damaging’ on economy

New economic analysis has revealed which tax rise will be the better option for the economy

Economics

8 d. ago Raising income tax is ‘least damaging’ option for Reeves, says think tank

An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).

Events

9 d. ago IRS unveils federal income tax brackets for 2026 — how those changes affect you

Tax rate percentages will stay the same thanks to Trump’s One Big Beautiful Bill

Politics

1 week ago Council tax bills to rise for Scots after abolition of two child benefit cap by SNP Government

EXCLUSIVE: Up to 30,000 households could have their council tax bills recalculated because higher benefit payments will be treated as income.

Politics

1 week ago HMRC tax codes explained as digit change could see you paying too much

Tax codes are used by employers or pension providers to work out how much Income Tax to take

Economics

2 w. ago Scottish Nationalists back unlimited council tax rises for second home owners

The SNP last night backed a Green amendment to the Housing (Scotland) Bill which will allow councils to more than double the amount of tax that second home owners pay.

Politics

2 w. ago Rachel Reeves 'must rule out pensions raid in the Budget to avoid lump

The Chancellor must rule out a pensions raid in the Budget as she faces a re-run of last year's damaging dash for tax-free cash, experts warned last night.

Economics

2 w. ago London tax bombshell: 170,000 could face stealth income threshold hit

London tax bombshell: 170,000 could face stealth income threshold hit  London Evening Standard

Events