New HMRC Personal Allowance Rule to Cost UK Households £180 Annually Friday, April 10, 2026 hmrc personalallowance tax ukfinance investment landlords savings dividends taxrise governmentpolicy A shake-up in the HMRC personal tax-free allowance rules is set to increase annual tax burdens for some UK taxpayers by approximately £180. The new regulation, coming into effect in 2027, will affect how personal allowances … Read More
HMRC Personal Tax Free Allowance Freeze Leaves UK Households £500 Worse Off Thursday, April 9, 2026 hmrc tax personalallowance resolutionfoundation costofliving inflation energyprices universalcredit ukhouseholds taxfreeze The UK government’s decision to freeze the Personal Tax Free Allowance until 2031 is set to cost households an estimated £500 in lost relief, according to the Resolution Foundation thinktank. This freeze means that the … Read More
State pensioners born before 1953 face HMRC penalty risk despite following guidance Wednesday, April 8, 2026 pensions hmrc tax statepension pensioners selfassessment dwp taxation penalties finance State pensioners born before 1953 are at risk of incurring fines from HM Revenue & Customs (HMRC) despite adhering to published guidelines when completing their tax returns. This issue came to light after a concerned … Read More
HMRC Implements New Benefit-in-Kind Tax Rates, Affecting Thousands of Company Car Drivers Wednesday, April 8, 2026 hmrc benefitinkind tax companycars payroll emissions nics electricvehicles taxrates compliance HM Revenue & Customs (HMRC) has introduced new Benefit-in-Kind (BiK) tax rates effective this week, impacting thousands of company car drivers across the UK. These changes affect drivers of petrol, diesel, and electric … Read More
Calls Grow for Automatic Release of Child Trust Funds at Age 21, Unlocking £1.5bn for Young Britons Tuesday, April 7, 2026 childtrustfunds hmrc ukgovernment youthfinance labourparty savings unclaimedmoney financialinclusion youngadults povertyrelief There is mounting pressure on the UK government to change HMRC rules and automatically release Child Trust Funds (CTFs) to holders once they turn 21. Currently, roughly £1.5 billion remains unclaimed in these accounts, which … Read More
New HMRC Tax Rules for 864,000 People Spark Concerns Over 'Creeping State Control' Tuesday, April 7, 2026 hmrc tax digitalization makingtaxdigital government surveillance accounting poland invoicing regulations HMRC is facing criticism over its new tax regulations, with detractors describing the changes as a troubling sign of expanding state surveillance. The Making Tax Digital (MTD) initiative, launching this week, aims to … Read More