The Latest Breaking News from Income Tax

Millions of Britons face paying basic or higher-rate tax for first time. We look at how much it will cost and what you can do

Form 1065 is used by domestic and some foreign partnerships to declare profits, losses, deductions, and credits for their tax year.

Governments, from municipal to federal, have a number of ways of getting revenue from citizens to fund their operations. The most well-known is an income tax. But there are also taxes on goods and services, as well as retail sales. Taxes on retail sales are known as sales taxes. Some…

The freeze on income tax thresholds could see high-earners paying more tax on their salary.

While the increase in State Pension payments will help offset the costs of living, it also means more older people may have to pay tax - here's why

Nearly a million workers in London and the South-East are facing a tax “hammer blow” as more people are sucked into paying the higher rate of tax.

The new Rent Tax Credit is available for the tax years 2022 to 2025 and reduces the amount of Income Tax that you are due to pay for a tax year

Older people on the Full New State Pension will receive £10,600 over the next financial year.

Bestinvest personal finance analyst Alice Haine runs through everything you need to know about reducing your tax burden before the end of the current tax year