tax

Spring Statement 2019: government confirms import tariff reductions to cut costs for consumers in the event of no deal Brexit

The government has announced plans for a new temporary tariff regime, designed to reduce the risk of economic damage should the UK leave the EU without a deal.

Read more »

Council tax hikes to over £1,800 in some regions as second largest increase in a decade set to bite

Band D households can expect to see council tax bills rise by a typical 4.5% in April, making it the second biggest increase in 10 years. 

Read more »

How much tax should I pay on my savings?

The first £1,000 of savings income for a basic-rate taxpayer and £500 for a higher-rate taxpayer benefits from a 0% income tax rate, as does the first £2,000 of dividend income.

Read more »

Over-55 pension savers overtaxed by £400 million - here's how to avoid being stung

The number of pension savers being hit with a tax bill on pension lump sum withdrawals has continued to grow.

Read more »

Inheritance tax payments top £5 billion in 2018 - and are set to keep rising

The much-maligned inheritance tax has earned HMRC more than £5 billion in a year for the first time, and is set to keep growing.

Read more »

How much tax does Paul Pogba pay? Premier League footballers pay more than £1 billion in tax

The Premier League contributed a total of £3.3 billion in tax to the Treasury in 2016-17.

Read more »

Can I cut the tax on my pension withdrawal?

You don’t say whether you are currently working or not.

Read more »

Have yourself a merry little tax return: thousands file self-assessments on Christmas Day

Thousands of taxpayers filed self-assessment returns on Christmas Day, according to HM Revenue & Customs (HMRC).

Read more »

I have retired early but will I be better off if I continue to pay NICs for longer?

It is possible that your new state pension is less than the full rate of £164.35 per week. There are two main reasons this could happen:

Read more »

Do I have to pay tax in the UK on a pension that has been taxed in Norway?

You must pay tax on pensions if you’re resident or were resident in the UK in any of the five previous tax years.

Read more »