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The Latest Breaking News from Income Tax

What a freeze on income tax thresholds means for you

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 Independent UK

From mansion tax to cash ISA changes: Key announcements in Reeves’ Budget

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

The Independent UK

Freeze to income tax thresholds extended to 2031 – what does it mean for me?

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.

Evening Standard

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How changes to income tax thresholds could impact you

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The Independent UK

$1,000 Bigger Refund In 2026? Trump Says Yes

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.

Benzinga

Budget 2025: Income tax rate will not rise, signals minister - but millions of families 'face £1,600 hit'

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

Evening Standard

Rachel Reeves must avoid a ‘Del Boy Trotter’ Budget

Black hole can’t be filled if there are ‘No income tax, no VAT’ rises

Evening Standard

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Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

The Independent UK

Wednesday briefing: What may be in – and out – of Rachel Reeves’s ‘hokey cokey’ budget

In today’s newsletter: As the chancellor prepares to deliver one of the most heavily briefed budgets ever, tax rises, the two-child benefit cap and a ‘mansion tax’ are all on the table

The Guardian - UK

Liberals lay out economic pitch to win back voters

Tax cuts and a stronger focus on AI are the centrepiece of the opposition's economic strategy to win back those who deserted them at the last federal election.

AAP

Budget 2025: 1.7 million workers to pay more income tax due to Reeves’s ‘stealth tax’

It will mean £140 more in tax for hundreds of thousands of earners

The Independent UK

Chancellor Rachel Reeves Signals Tax Rise on the Rich as She Eyes Mansion Tax to Bridge Deficit

Rachel Reeves plans a mansion tax on £2m-plus homes to raise revenue and close the fiscal gap while keeping Labour's pledges on income tax and VAT across UK law.

International Business Times UK

‘I own a £2m farmhouse - Reeves’ mansion tax is nothing but punishment for being well-off’

Consultancy firm boss says raising income tax a fairer way for chancellor to bring in money as part of Budget

The Independent UK

What the autumn Budget could mean for pensioners

Rachel Reeves is expected to confirm an above inflation rise on state pensions

The Independent UK

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Evening Standard

Budget 2025 LIVE: Rachel Reeves unveils £26bn tax raid but cuts energy bills amid leak fiasco

Rachel Reeves calls the blunder by the Office for Budget Responsibility ‘deeply disappointing’ as she delivers Budget

The Independent UK

Reeves to hit 100,000 high-value properties with mansion tax in Budget

The tax will reportedly apply to homes worth more than £2m and could raise up to £450m for the Treasury

Evening Standard

Thousands of Londoners 'to be hit by new expensive homes tax surcharge' in Budget

The Chancellor will reportedly hit homeowners with properties worth more than £2million with a levy that could raise £400-£450 million

The Independent UK

Rachel Reeves prepares benefit fraud crackdown in Budget

The chancellor is expected to target Universal Credit reviews

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The Independent UK

Warning 1.3m more people could pay higher income tax rate after Reeves Budget

Concerns over the impact of a ‘stealth tax’ have been highlighted as the chancellor confirms inflation busting rise in the state pension

Evening Standard

2.6 million people in London and South East to be hit by stealth income tax with Reeves Budget raid

The Chancellor is set to continue the income tax thresholds freeze, first introduced in 2022 by Rishi Sunak, until 2029/30

The Guardian - UK

Rachel Reeves promises to ‘grip the cost of living’ in autumn budget

Chancellor admits economy ‘feels stuck’ for many as she signals intention to freeze income tax thresholds

The Independent UK

Reeves to scrap two-child benefit cap in Budget to appease Labour rebels

Keir Starmer and Rachel Reeves set to tack hard to the left in the Budget in a bid to prevent an attempt to force a change of leadership by Labour MPs

Benzinga

A Bay Area Couple Earning $210K Say Moving To Austin With No State Tax Should Make Them Feel 'Richer' — But Yet They Break Even

A move from San Francisco to Austin with the same six-figure salary and no state income tax sounds like the sort of upgrade that should make a family feel instantly "richer." For one couple earning $210,000, the numbers told a different story. Their spreadsheet confused them enough to take the…

The Guardian - UK

A make-or-break budget: inside the Treasury before Labour’s crucial day

From the outside, the run-up to Rachel Reeves’s announcement has looked chaotic, and many see the future of the chancellor and PM in the balance

Evening Standard

Fact check: What has Labour pledged on income tax?

Ahead of next Wednesday’s Budget, Full Fact looks at the detail of Labour’s manifesto commitments.

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