HMRC Raises Tax-Free Personal Allowance to £20,070 for Homeowners Using Rent-a-Room Scheme Saturday, May 9, 2026 hmrc tax allowance rent-a-room income homeowners taxfree accommodation personalallowance rental Homeowners can now benefit from an increased tax-free personal allowance of up to £20,070 by combining the standard personal allowance with income from the Rent-a-Room Scheme. This straightforward initiative from HMRC allows … Read More
Walsall Council Fined Over Minimum Wage Underpayment to School Staff Thursday, May 7, 2026 walsall council minimumwage apprentices underpayment fines schools employment hmrc dbt Walsall Council has been fined £34,082 for failing to pay the National Minimum Wage to 36 employees, including apprentices and lunchtime supervisors, at four schools within the borough. The Department for Business and Trade … Read More
HMRC Introduces New VAT Road Fuel Scale Charges with 22 Bands Up to £2,297 Tuesday, May 5, 2026 hmrc vat fuel emissions business tax co2 charges accounting fleet HMRC has announced revised VAT road fuel scale charges effective from May 1, 2026, which could lead to increased costs for drivers of petrol and diesel business vehicles. These changes affect how businesses calculate VAT on … Read More
HMRC Sends Unexpected Tax Bills to 250,000 Households Over Avoidance Schemes Tuesday, May 5, 2026 hmrc tax taxavoidance loancharge umbrellacompanies taxbills finance taxfraud enforcement employment HMRC has begun sending letters to around 250,000 taxpayers it believes have participated in tax avoidance schemes, demanding payment of unpaid taxes. These letters, described by personal finance experts as a “real … Read More
HMRC Set to Collect £700 From 29 Million UK Households Due to Frozen Tax Thresholds Friday, May 1, 2026 hmrc tax personalallowance fiscaldrag inflation incometax taxthresholds pensions ukfinance taxincrease HM Revenue & Customs (HMRC) is poised to collect an additional £700 from millions of UK households, all because tax thresholds have been frozen since April 6, 2021. The personal allowance — the amount of income you can … Read More
HMRC Sends ‘Shocking’ Tax Letters to Over One Million Additional State Pensioners Friday, May 1, 2026 hmrc pensions tax statepension thresholdfreeze incometax retirement taxplanning costofliving pensioners HM Revenue and Customs (HMRC) is set to send tax bills to over one million additional state pensioners this year, a consequence of prolonged tax threshold freezes. Data for the 2023-24 tax year reveals more than 8.16 million … Read More