The Latest Breaking News from Income Tax

A day like today is not a day for false dichotomies, we can leave those at home. But governments generally face a simple choice when it comes to raising money, between broad-based taxes (e.g. income tax) or granular (e.g. inheritance tax threshold changes for farmers). Both have their advantages and disadvantages, as is being…

RESEACHERS have said they are unable to establish whether higher taxes in Scotland have cut Government revenues.

For the 2025 tax year, the IRS has increased the capital gains tax income thresholds. Here's what you need to know.

The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.

The Department for Transport has disputed claims that the 50 per cent rise in the cap on a single bus ticket equates to a 1p rise in income tax

Major corporations that pay no company income tax are taking advantage of a broken system that needs government intervention, a think tank says.

ATO finds 31% of large businesses reported nil tax paid as many companies deducted losses and used offsets to dial their bills down to zero

A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.

How Rachel Reeves’s measures on pensions, income tax, stamp duty and fuel duty will affect UK consumers