Income Tax
The latest news, updates and opinions on Income Tax from the expert team here at MoneyWeek
Latest
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Checklist: What to do if frozen tax thresholds put you in a higher tax bracket
The freeze on income tax bands will see millions dragged into higher rates of taxation. We explain what actions you need to take - plus some ways to save money.
By Ruth Emery Last updated
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Tax return deadline: act now to get your paper tax return in by 31 October
Taxpayers who file a paper self-assessment tax return have just a few days left to meet the Halloween deadline. We explain who needs to complete a tax return, common mistakes to avoid - and what to do if you miss the deadline.
By Ruth Emery Published
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11 reasons you need to register for self-assessment before 5 October
There are lots of reasons why you may need to register for self-assessment. But you’ll need to act fast to meet the 5 October deadline.
By Ruth Emery Last updated
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Don’t miss 31 July ‘payment on account’ tax deadline
Advice Many self-employed people have a second tax payment deadline. And the stakes are higher this year, as HMRC recently increased the interest charge on late payments to 7.5%.
By John Fitzsimons Last updated
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One in five taxpayers to pay higher rate of income tax by 2027
News Frozen income tax thresholds mean considerably more middle-earners will have to start paying higher-rate tax. We explain what you can do to avoid the fiscal drag.
By Ruth Emery Last updated
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Tax return deadline extended – but don't forget to file
Advice HMRC is being slightly more lenient about tax returns this year, but falling behind will still incur hefty fines.
By Ruth Jackson-Kirby Published
Advice -
How to deal with self-assessment tax returns after a very trying year
Advice The Covid-19 pandemic will complicate the self-assessment tax return process for 2019-20. What if you can’t pay? Ruth Jackson-Kirby has some advice.
By Ruth Jackson-Kirby Published
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The case for a flat tax
Briefings Simplifying the tax system promises to cut incentives for evasion and avoidance, and boost work and entrepreneurship. Could it give post-Covid-19 Britain the lift it needs?
By Simon Wilson Published
Briefings