Income Tax
The latest news, updates and opinions on Income Tax from the expert team here at MoneyWeek
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Taxpayers urged to fight automated HMRC penalties as 20,000 win on appealHMRC 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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Rachel Reeves's Autumn Budget: What it means for the UKOpinion A directionless and floundering government has ducked the hard choices at the Autumn Budget, says Simon Wilson
By Simon Wilson Published
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Rachel Reeves confirms ‘workaround’ for pensioners facing tax bill on state pensionAs the full new state pension looks set to breach the tax-free personal allowance within years, the government has said anyone on just a state pension won’t have to pay income tax on the payment until the end of this parliament
By Sam Walker Published
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How the ‘Reeves Freeze’ on income tax thresholds could cost you up to £1,300The income tax threshold freeze will rake in an extra £12 billion by 2031, according to the Office for Budget Responsibility
By Sam Walker Published
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Hundreds of thousands more taxpayers to be pulled into £100k ‘tax trap’ by 2029Frozen thresholds are pushing more workers into paying income tax at an effective 60% rate. We look at why, as well as how you can avoid being caught in the trap.
By Sam Walker Published
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Starmer and Reeves ‘rip up plans’ to raise income tax in the BudgetThe 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
Opinion -
Over 1 million pay 45% rate of income tax as fiscal drag bitesHundreds 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-employedChancellor 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
