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Income tax

Bussiness

Million more pensioners to be hit by Labour’s ‘retirement tax’ by 2030

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It means only a modest amount of additional income is already pushing...
Bussiness

Labour’s ‘retirement tax’ to raise extra £16m next year

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Meanwhile, data out today shows that the rate of consumer price inflation...
World

Portugal seeks to become ‘tax haven for young’ in attempt to stop brain drain

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But the scheme may not get off the ground because Mr Montenegro’s...
Bussiness

Pensions and capital gains tax in line for budget tax rises, says IFS

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Chancellor Rachel Reeves has “limited room for manoeuvre” in the October budget, with pensions taxation and capital gains tax (CGT) best suited to raise...
Bussiness

Why Reeves’s claim pensioners will be £1,700 better off is far from the whole truth

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While this represents a 4pc increase, much of the rise is just...
Bussiness

Targeting inheritance tax, capital gains and national insurance ‘could raise £20 billion’

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Making changes to inheritance tax, capital gains tax and employer national insurance in the upcoming autumn budget could help chancellor Rachel Reeves raise more...
Bussiness

Nearly 350,000 more pensioners hit by Labour’s ‘retirement tax’

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HM Revenue and Customs estimate that 8.5 million pensioners pay income tax,...
Bussiness

Top earners and entrepreneurs already fleeing Britain over tax raids

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These more attractive territories include Spain, where under “Beckham’s Law”, named after...
Bussiness

Six million savers to be hit with shock tax bills

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Figures released by HMRC in July 2023 showed that an extra 1...
Bussiness

Labour’s ‘back door’ tax plot could see Brits paying more than £63bn on earnings

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A "back door" plot from the Labour Government is poised to see Brits paying £63billion more in tax this year, experts have warned.Despite Sir...
Bussiness

HMRC increases tax-free personal allowance to £20,070 for self-assess households

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HMRC is offering a tax-free Personal Allowance of up to £20,070 for households who submit a self-assessment tax return in this specific circumstance.Personal Allowance...
Bussiness

Everyone on state pension issued £1,275 Triple Lock warning

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A £1,275 state pension Triple Lock warning has been issued following Labour’s win at the General Election.Following the election, we now know more about...
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