The Latest Breaking News from Income Tax

Business owners, landlords and EV drivers were hit in the chancellor’s Budget

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Britain's Chancellor of the Exchequer Rachel Reeves announced tax-raising measures, including new duties on high-value properties, dividends, and savings, in the state budget presented on Wednesday.

After a tumultuous run-up to a make-or-break moment for the government, has the chancellor struck the right balance?

More than 1.7 million people will face paying more income tax under the Chancellor’s plans.

The freeze on income tax thresholds has been extended until the 2030-2031 tax year for taxpayers in England, Wales, and Northern Ireland. This extension is projected to raise £7.6 billion in revenue by 2030 and will lead to an increase in the number of UK taxpayers. The policy relies on…

The chancellor has unveiled £26bn worth of tax rises in the Commons as she attempts to plug a multi-billion pound gap in Britain’s ailing public finances

It means the current income tax bands will stay as they are until at least April 2031, for taxpayers in England, Wales and Northern Ireland.

IN FULL

Your federal income tax refund could jump by roughly $1,000 in 2026, thanks to a new slate of tax breaks that take effect for the 2025 tax year.

Chief Secretary to the Prime Minister Darren Jones makes clear the Government has ruled out a manifesto-busting increase in income tax