HMRC Announces Crucial Increase in Mileage Allowance to 55p per Mile for Cars and Vans Friday, May 22, 2026 hmrc mileage allowance drivers business vehicles reimbursement tax revenue martinlewis HM Revenue and Customs (HMRC) has introduced a significant update to the mileage allowance for employees and self-employed individuals using their personal vehicles for work purposes. The mileage rate has been increased from … Read More
Rachel Reeves Proposes New £29 Flight Charge for UK Households Friday, May 22, 2026 aviation tax airpassengerduty labour heathrow vat flights uk government travel Rachel Reeves is set to introduce a £1 billion stealth tax on family holidays as part of her cost of living measures. The Labour Party’s Chancellor is considering imposing a 20% VAT on top of the fees airports charge airlines … Read More
HMRC Issues Thousands in Incorrect Tax Bills on Savings, Including Tax-Free ISAs Thursday, May 21, 2026 hmrc tax isas savings errors finance taxation paye oversight taxbills Many savers are being hit with unjust tax bills running into thousands of pounds due to errors by HM Revenue & Customs (HMRC). Recent reports reveal that HMRC is mistakenly clawing back tax on savings interest that either … Read More
Rachel Reeves Announces New £1 Tax Charge Relief for Thousands of Drivers Thursday, May 21, 2026 fuel tax haulage drivers costofliving duty relief economy hauliers chancellor Labour Party leader Sir Keir Starmer has unveiled key measures aimed at easing financial pressures for drivers and businesses amid rising fuel costs. Speaking in the Commons, Starmer confirmed the extension of a temporary 5p … Read More
Rachel Reeves Confirms Freeze on Fuel Duty, Saving Drivers £120 Thursday, May 21, 2026 fuelduty inflation costofliving labour government transport economy agriculture tax energy The Labour government, led by Prime Minister Sir Keir Starmer, has announced the cancellation of the planned increase in fuel duty, extending the temporary 5p per litre cut to support drivers amid rising living costs. … Read More
State Pensioners Over 75 Face Tax Bills as HMRC Excludes Them from Personal Allowance Rule Wednesday, May 20, 2026 pension hmrc tax statepension pensioners triplelock rachelreeves taxation ukpolicy finance From 2027 onwards, all pensioners aged over 75 will be excluded from a valuable HMRC personal tax-free allowance perk, exposing many to unexpected tax bills. Chancellor Rachel Reeves has confirmed that individuals relying … Read More