Income Tax
The latest news, updates and opinions on Income Tax from the expert team here at MoneyWeek
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Millions face savings tax bills – how to shield your money
Millions of Brits could face savings tax this year as their interest earned exceeds the personal savings allowance. Are you at risk?
By Laura Miller Last updated
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Tax receipts: Rachel Reeves 'should hand back the cash'
Opinion Chancellor Rachel Reeves is cheering higher-than-expected tax receipts. But where has the money come from?
By Matthew Lynn Published
Opinion -

An experienced investor’s end of tax year checklist
The clock is ticking down before the end of the 2025/26 tax year, when any tax-free savings and investment allowances are lost. For experienced investors, though, the deadline for some tax-saving schemes is even earlier.
By Laura Miller Published
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13 ways to get a tax-free income every year
Millions more people are paying income tax as a result of frozen thresholds. But there are still more than a dozen ways to generate an income legally without handing over any of it to HMRC.
By Laura Miller Published
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More than 200,000 landlords and sole traders ‘face up to 10%’ cost hike as Making Tax Digital looms
Around 212,500 UK businesses face potentially ‘tens of millions’ in extra accountancy costs under the government’s incoming Making Tax Digital initiative, experts have warned
By Laura Miller Published
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Average income tax by area: The parts of the UK paying the most tax mapped
The UK’s total income tax bill was £240.7 billion 2022/23, but the tax burden is not spread equally around the country. We look at the towns and boroughs that have the highest average income tax bill.
By Laura Miller Published
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Self-assessment taxpayers overpaid £8.9 billion last year – could you be owed money?
Millions of taxpayers are paying too much income tax when they file their self-assessment returns, new figures show. Here’s how to avoid overpaying, and the ways to reclaim what you’re owed.
By Laura Miller Published
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Taxpayers urged to fight automated HMRC penalties as 20,000 win on appeal
HMRC loses more than 60% of cases when taxpayers appeal an automated penalty it has imposed, new figures show.
By Laura Miller Published
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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.
By Holly Thomas Last updated
