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Will frozen income 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 fiscal drag is and how you can prepare
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How income tax is calculated
Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.
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Is it cheaper to be a sole trader?
It might be cheaper to be a sole trader due to changes to the tax system
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Tax return deadline: act now to get your paper tax return in by 31 October
We explain who needs to complete a self-assessment tax return, common mistakes to avoid - and what to do if you miss the deadline
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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
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More under-40s set for higher tax brackets
A whopping 20% of under-40s will find more of their earnings going to the taxman due to the freeze on income tax bands.
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Jeremy Hunt: ‘income tax thresholds to remain frozen if Conservative Party wins general election’
News The Chancellor said income tax thresholds will be kept as they are until 2028. It could mean millions of workers will be dragged into higher tax bands.
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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%.
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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.
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