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

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

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

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

The number of people who will have to pay a higher rate of income tax is expected to rise by nearly two-fifths in the current ...

An extension to the stealth tax on workers’ incomes could end up costing some high earners more than £600 per year by the end ...

In its first year, the Labour government has unveiled a raft of tax-raising measures, with Chancellor Rachel Reeves targeting ...

For 2024-25 a slight change was made that also allows someone earning between £11,130 and £12,570 to transfer their Personal ...

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 ...

The sum you can pocket before you owe tax, dubbed the Personal Allowance, has remained frozen at £12,570 for several years ...

In addition, those paying the additional-rate income tax are expected to reach 1.23 million in 2025-26, a significant leap from around 570,000 in 2022-23 and 520,000 in 2021-22.

HMRC said the £1,000 income threshold is key - anyone who earns more than this from their side hustle in a tax year may need ...