News
Autumn Statement 2023: When is it and how will it affect me?
UK lost out on £2bn in tax in 2021 as big tech shifted profits abroad, claim campaigners
Tax credits recipients to receive Cost of Living Payment from today
Published 13 November 2023
The government will shortly announce its tax and spending plans for the year ahead.
The Autumn Statement affects the take-home pay and household budgets of millions of people, as well as setting out how much will be spent on key public services.
Tax credits recipients to receive Cost of Living Payment from today
UK lost out on £2bn in tax in 2021 as big tech shifted profits abroad, claim campaigners
Tax credits recipients to receive Cost of Living Payment from today
Published 10 November 2023
Tax credits customers will receive the autumn Cost of Living Payment between 10 and 19 November 2023.
Around 840,000 families, who receive tax credits and no other qualifying benefits, will receive their £300 autumn Cost of Living Payment from today, to help with everyday costs.
UK lost out on £2bn in tax in 2021 as big tech shifted profits abroad, claim campaigners
UK lost out on £2bn in tax in 2021 as big tech shifted profits abroad, claim campaigners
UK on course for biggest tax rise in 50 years after personal thresholds frozen, analysis suggests
Published 16 October 2023
TaxWatch analysis estimates British arms of seven major tech firms paid £750m in corporation tax instead of possible £2.8bn.
The UK might have missed out on as much as £2bn in tax in 2021 from big tech companies shifting their profits elsewhere, according to an estimate by a group campaigning for greater tax transparency.
UK on course for biggest tax rise in 50 years after personal thresholds frozen, analysis suggests
UK on course for biggest tax rise in 50 years after personal thresholds frozen, analysis suggests
UK on course for biggest tax rise in 50 years after personal thresholds frozen, analysis suggests
Published 7 October 2023
The government's policy is to keep income tax and national insurance thresholds frozen until 2028, meaning many will be pushed into higher tax bands as a result of inflation.
Rishi Sunak considering inheritance tax cut, report says
UK on course for biggest tax rise in 50 years after personal thresholds frozen, analysis suggests
Rishi Sunak considering inheritance tax cut, report says
Published 24 September 2023
Rishi Sunak is reportedly considering an inheritance tax cut as he attempts to woo voters and create dividing lines with Labour, which is comfortably ahead in the polls.
The plans would make way for the eventual scrapping of the levy, the Sunday Times has reported. However, Downing Street has sought to play down speculation that the prime minister was drawing up plans to cut the tax.
Savers set to benefit from simpler tax system
UK on course for biggest tax rise in 50 years after personal thresholds frozen, analysis suggests
Rishi Sunak considering inheritance tax cut, report says
27 April 2023
Millions of people could benefit from plans to help them boost their future savings as the government today publishes a range of tax measures to make the system simpler and more effective.