Rachel Reeves Confirms £120 Annual Charge for Drivers Covering 8,000 Miles Friday, May 8, 2026 car tax ev hybrid miles charge government policy drivers emissions Rachel Reeves has confirmed a new pay-per-mile car tax set to affect millions of electric and hybrid vehicle owners starting April 2028. Under the upcoming scheme, electric vehicle (EV) drivers will be charged 3p per mile, … Read More
Rachel Reeves Confirms £760 Annual Charge Driving Surge in Car Scrappage Wednesday, May 6, 2026 ved tax motoring carscrappage rachelreeves ukdrivers vehicletax carownership petrolcars dieselcars Rachel Reeves has confirmed an annual £760 charge for many drivers, as a surge in car scrappage sweeps across the UK. The escalation in Vehicle Excise Duty (VED) rates, introduced last year, has dealt a significant financial … 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
DVLA Ends EV Tax Exemption, Introducing New £200 Flat Rate Fee Monday, May 4, 2026 dvla ev tax ved electricvehicles roadtax emissions fuelduty rac vehicleregistration The DVLA has officially ended the vehicle tax exemption for electric cars, instituting a new £200 flat fee for most EV owners starting April 2026. Since April 2025, electric vehicles (EVs) have not been exempt from Vehicle … 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