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The Latest Breaking News from Income Tax

IRS: Growing gap between US income taxes owed and paid

The IRS says the amount of income tax money owed but not paid to the government is projected to grow

The Independent UK

Workers could be clobbered as Rishi Sunak considers 'stealth' income tax rise

The new Prime Minister is said to be looking at extending the freeze on income tax thresholds for two years as his Chancellor draws up plans for an autumn statement

Daily Mirror

Thousands of Irish workers to receive letters from Revenue saying they owe tax - everything you need to know

Revenue has already issued around 275,000 letters, with a further 100,000 expected to be sent in the coming weeks

Irish Mirror

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What Rishi Sunak becoming Prime Minister could mean for your money

Some major decisions for pensions, benefits, and tax are on the cards

Wales Online

In fairness to New Zealand’s tax and transfer system

Dodgy statistical work to generate headlines supporting higher taxation risks eroding the credibility of Oxfam’s aid work.

Newsroom.co.nz

State Pension increase of 10.1% next April could see half a million more people in retirement paying tax

A significant increase in the number of over-65s paying tax is expected in 2023.

Daily Record

Malcolm Turnbull, an architect of stage 3 tax cuts, still backs them, despite higher costs

The prime minister who originally introduced the stage three tax cuts to the parliament says you would probably not legislate them today, given their growing cost and the deteriorating budget position.

ABC News

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Liz Truss timeline: 44 days from appointment to resignation

She promised a “bold plan” to cut taxes and grow the economy and “deliver on the energy crisis”

Wales Online

Delhi High Court seeks response to Newslaundry’s plea against income tax notices

The Delhi High Court has sought a response on a petition filed by Newslaundry against the reassessment notices issued to it under the Income Tax Act for 2017-2018 and 2019-2020. The reassessment notice was issued on grounds that the assessment of income for these years was not done.

Newslaundry

The new income tax brackets for 2023 likely to boost your paycheck

Here's a breakdown of income and rates for next year.

Axios

IRS ups standard deductions, tax brackets due to inflation

Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation

The Independent UK

Tax waiver for foreign actors

The cabinet on Tuesday agreed to a waiver of personal income tax for foreign actors and actresses for five years, aiming to generate more than 3.5 billion baht in revenue from investments in foreign film productions.

Bangkok Post

Haryana: NIA raid in Ambala, about Rs 1.17 crore cash seized from house

AMBALA: The National Investigation Agency (NIA) conducted a raid at a house in Adarsh Nagar in Baldev Nagar police station area of Ambala City on Tuesday.

The Times of India

Join us LIVE as experts explain everything Jeremy Hunt's changes means for your money

Mirror money experts will take you through everything you need to know about money changes coming down the tracks from Chancellor Jeremy Hunt, including more Income Tax and possibly higher energy bills

Daily Mirror

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The Times of India

BCCI’s treasury has swelled to Rs 9629 crores in last 3 years: Arun Dhumal

MUMBAI: The BCCI, already one of the richest sports bodies in the world, just got richer.

Daily Record

How the UK Government’s National Insurance change will affect you from next month

Chancellor Jeremy Hunt scrapped plans to cut the basic rate of income tax from 20% to 19%.

The Independent UK

What do the government’s tax changes mean for me?

From income tax to national insurance, here’s how Liz Truss’s ever-changing economic policies could affect you

Daily Mirror

How Mini-Budget U-turn will affect YOUR money - energy bills to mortgage rates

Jeremy Hunt has torn apart Liz Truss' disastrous mini-budget in an attempt to stabilise the markets, reversing the Governments' promised 1p cut in the basic rate of income tax

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The Guardian - UK

How will you be affected by the government’s tax and NI changes?

We examine the relative fortunes of some sample households under Kwasi Kwarteng’s mini-budget and Jeremy Hunt’s revised plans

The Independent UK

Winners and losers from Jeremy Hunt’s mini-Budget U-turn

Chancellor announces measures he says will bring in £32bn a year for the Treasury

The Independent UK

UK leader in peril after Treasury chief axes 'Trussonomics'

New U.K. Treasury chief Jeremy Hunt has reversed most of an economic package announced by the government just weeks ago, including a planned cut in income taxes

Daily Mirror

Lame duck Liz Truss hides behind Penny Mordaunt as she refuses to face questions

Keir Starmer said 'the lady's not for turning up!' as Liz Truss went missing, then turned up for a bizarre silent 29 minutes. Penny Mordaunt was forced to insist 'the Prime Minister is not under a desk'

Wales Online

How Jeremy Hunt's tax and energy announcements will affect you - use our calculator

You can calculate what it means for you and your family

Chronicle Live

How Chancellor Jeremy Hunt's new tax and energy U-turn announcements will affect you

The newly-appointed Chancellor has announced changes to income tax, the Energy Price Guarantee and alcohol duty - here's a run down of what it all means

Liverpool Echo

Jeremy Hunt's tax U-turns and how much more we'll have to pay

The Chancellor has axed the planned cut to income tax, as well as reducing the promised help with energy bills

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