Those with £3,500 or more in savings are being warned they may face a surprise tax bill letter from HM Revenue and Customs in ...

Estimates suggest that a wealth tax could raise billions a year, but may lead to some ultra-rich leaving the UK ...

Frozen tax thresholds are dragging millions more people into higher and additional rate tax brackets. Will you pay more?

As reported by the Daily Record, the total number of income tax payers is expected to reach 39.10 million in 2025-26, an ...

The basic, higher and additional rates of income tax have been reduced by 10p by the UK government - and that 10p and any additional payments, go to the Welsh government. Income tax in Scotland.

You’ve mentioned that you receive income from a final salary pension scheme. Although pension income is taxed under income ...

In the UK, we use a marginal rate of tax to calculate income tax bills. That means earners pay one rate of tax up to a set threshold, and then a higher percentage on each additional pound earned in ...

More than seven million people in the UK will now be subject to the higher rate of income tax, which stands at 40%. This ...

But the tax-free allowance on capital gains has reduced in recent years from £12,300 to £6,000 in April 2023, and slashed ...

With the Moneyfacts average savings rate currently at 3.53%, Adam French, consumer expert at Moneyfactscompare.co.uk said ...

A new online petition is calling for the basic rate of tax to be cut from 20 per cent to 10 per cent for all workers earning ...

An additional 420,000 pensioners will pay income tax this financial year, bringing the total to 8.7 million, as the ...