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Millions are being hit by ‘significant stealth tax’ – will you have to pay more to HMRC?
A staggering 17.9 million people look set to start paying basic-rate income tax, while 12 million may be dragged into the higher-rate band, by 2027/28. We explain what fiscal drag is and how you can prepare
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New tax year changes: how much will you have to pay in 2025/26?
The new tax year started on 6 April, 2025. We look at how taxes and allowances are changing and how they will affect you.
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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%.
Advice
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