Income Tax
The latest news, updates and opinions on Income Tax from the expert team here at MoneyWeek
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Starmer and Reeves ‘rip up plans’ to raise income tax in the Budget
The chancellor Rachel Reeves is reportedly looking at other ways to fill the government’s estimated £30 billion fiscal hole
By Sam Walker Published
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'Rachel Reeves’s tax rise will crash the economy'
Opinion Rachel Reeves will be the first chancellor since Denis Healey in the 1970s to raise income tax. It will only push Britain into recession, says Matthew Lynn
By Matthew Lynn Published
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Over 1 million pay 45% rate of income tax as fiscal drag bites
Hundreds of thousands more people are being pushed into the additional rate tax band by fiscal drag
By Sam Walker Published
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What a 2p tax rise in the Budget could mean for the self-employed
Chancellor Rachel Reeves could find her rumoured plans to get Britain investing in UK Plc by cutting the cash ISA limit backfire as most savers have said they still wouldn’t switch to stocks and shares if she goes ahead with the move
By Laura Miller Published
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Three venture capital trusts offering growth and tax breaks
Opinion Alex Davies, founder of high-net-worth investment service Wealth Club, picks three venture capital trusts where he'd put his money
By Alex Davies Published
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Inside a Budget: ex-Treasury minister reveals the chess game behind your tax rises
In an exclusive interview with MoneyWeek former government insider David Gauke says chancellor Rachel Reeves will ‘need to show the richest are making a big contribution’ in the upcoming Autumn Budget
By Laura Miller Published
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More pensioners dragged into 60% tax trap – could you be caught?
Frozen thresholds are pushing more older workers into paying income tax at levels much higher than the headline rate, new figures show. We look at why and how you can avoid being caught in the 60% tax trap.
By Laura Miller Published
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Higher earners face £377 bill if Reeves puts up income tax – do you fit the Treasury’s definition of ‘working people’?
Labour’s election manifesto pledged not to raise National Insurance, VAT or income tax but prime minister Keir Starmer appeared reluctant to repeat the promise this week
By Laura Miller Published
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Family investment companies explained: how the ultra wealthy shield their money from the taxman
Wealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
By Laura Miller Published