Chancellor Rachel Reeves is reportedly planning to extend the freeze on income tax thresholds in the spring statement.

T he United Kingdom is abandoning its non-dom taxation status after more than 100 years of allowing non-domiciled residents ...

As the end of the tax year nears, UK households have just days left to sort out their tax situation and avoid a huge, ...

Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said by the time earnings hit £125,140, the personal ...

OVER nine million state pensioners are set to be hit with a “retirement tax” next year with rates rising next month. The blow ...

A 60% rate of income tax isn’t publicised in any HMRC guidelines because it’s an unofficial effective rate of Income Tax.

As a new financial year begins on April 6, both workers and retirees face a fresh wave of adjustments. HM Revenue and Customs ...

The tax year runs differently from the normal year. Instead of going from January to December, it always starts on April 6 ...

The onset of the new financial year on April 6 brings many changes for people in work or claiming benefits and those in ...

For most people, income tax makes up the largest portion of the taxes they will pay over their lifetimes. It is also the UK Government's biggest tax source of revenue, accounting for 25 per cent ...

The UK government will raise the reporting threshold at which people have to self-declare earnings for income tax, a move it ...

Latest HMRC data also shows retired baby boomers paying greater amount in income tax than working people under 30 ...