Conservatives promise to freeze main tax rates

The rates of income tax, national insurance and VAT will all be frozen in 2020/21, if Boris Johnson's Conservative Party forms the next government. Ahead of the general election on Thursday 12 December 2019, the Tories were the last of the major parties to reveal...

HMRC issues tax return scam warning

Taxpayers who have yet to submit their 2018/19 tax return through self-assessment are being warned about fraudulent scams. HMRC has warned millions of taxpayers to be on their guard ahead of the deadline at midnight on 31 January 2020. Over the last year, the Revenue...

Labour reveals plan for income tax increase

Around 1.6 million higher earners face the prospect of paying more income tax in 2020/21 if Labour forms the next government. Its manifesto announced the party's intention to raise income tax for those with annual salaries above £80,000 a year. The 45% rate of income...

Labour reveals plan for income tax increase

Around 1.6 million higher earners face the prospect of paying more income tax in 2020/21 if Labour forms the next government. Its manifesto announced the party's intention to raise income tax for those with salaries above £80,000 a year. The 45% rate of income tax...

Tax measures that face delays

Few years in recent history have been as politically turbulent as 2019, which may see three different Prime Ministers before the year is out. Should somebody other than Boris Johnson win the election, it will be the first time since 1886 that three different PMs -...