10 Urgent HMRC Tax Warnings for UK Taxpayers
UK taxpayers are being alerted to ten critical HMRC deadlines and pitfalls that could lead to hefty fines. From Child Benefit to side hustles, ensure you're compliant.
Category : Search result: Labour windfall tax
Octopus Energy CEO: Windfall Tax Costing Wind Farms Billions
Greg Jackson, founder of Octopus Energy, warns that the UK's windfall tax is forcing renewable energy projects to sell power at a loss, jeopardising billions in investment and the nation's green energy ambitions.
Family Firms: Labour Tax Plans Threaten Manufacturing Crisis
Exclusive: British family-owned manufacturers warn of investment freezes and potential closures as Labour's proposed tax changes threaten generational businesses. Industry leaders demand urgent government consultation.
New UK Car Tax Rules 2025: EV Owners to Pay
Major Vehicle Excise Duty (VED) changes are coming in 2025. Our guide explains how the new UK car tax laws will affect electric and petrol car owners, who must pay, and how to avoid penalties.
1257L Tax Code: What It Means For Your UK Payslip
Millions of UK workers have a 1257L tax code. Our guide explains what it means, why you might have it, and the crucial signs that you could be paying too much tax.
Family finds rare whisky & gold in £20 storage unit
A Midlands family struck gold after buying a forgotten storage unit for just £20, discovering a treasure trove of vintage whisky, jewellery, and collectables worth thousands.
Urgent Car Tax Warning: Check Your Vehicle Registration Date
Drivers with cars registered between 2001-2017 face immediate road tax changes as new VED rates come into force. Discover if you're affected and how to avoid hefty penalties.
ATO's Tax Return Warning: Top 10 Mistakes to Avoid
The Australian Taxation Office issues an urgent alert to millions of taxpayers. Discover the top deduction pitfalls and compliance errors to avoid for a stress-free tax return this financial year.
HMRC Alert: Claim Work From Home Tax Back Before Deadline
HM Revenue & Customs issues a critical alert to millions of UK employees. Time is running out to claim tax relief on work-from-home expenses for the 2023/24 tax year. Discover if you're eligible and how to secure your money back before the April 5th deadl
HMRC's urgent side hustle tax warning for Brits
HM Revenue & Customs issues a critical alert to millions of Britons with side incomes, warning of penalties up to 100% of owed tax for undisclosed earnings. Learn what you must report and how to avoid fines.
HMRC's urgent side hustle tax warning for millions
HMRC experts issue a stern warning to Brits with side incomes. New data-sharing powers mean the taxman is closing in on undeclared earnings from eBay, Etsy, Vinted, and Uber. Act now to avoid hefty fines.
Labour's windfall tax breakfast with North Sea execs sparks fury
Labour's shadow ministers target North Sea energy executives in Aberdeen over breakfast, defending plans for extended windfall tax to fund green transition. Industry warns of investment flight and job losses.
You Could Be Owed £120k From Your Pension
Thousands of Brits could be in line for a six-figure payout due to a specific pension rule. Here’s how to check if you're one of them and what you need to do to claim.
HMRC Ends Paper Tax Returns: Mandatory Digital Filing Now
HMRC is permanently ending paper self-assessment tax returns. This guide explains the mandatory shift to online filing, key deadlines, and how to avoid penalties in the new digital-only system.
Council's £10k error becomes couple's dream windfall
A Scottish couple received an unexpected £10,000 from their council for home improvements - and were told to keep it after officials admitted the grant was sent in error. Discover how this bureaucratic blunder became their blessing.
Reeves ends new North Sea oil licences in Aberdeen
UK Chancellor Rachel Reeves has announced an end to new oil and gas exploration licences in the North Sea during a speech in Aberdeen, marking a major shift in energy policy towards renewables and net zero targets.
Accountant's urgent warning for 2.7M facing tax penalties
A leading accountant issues crucial last-minute advice for the 2.7 million taxpayers yet to file self-assessment returns. Avoid the £100 penalty and mounting interest charges with these essential tips before the January 31st HMRC deadline.
UK's Radical New Blueprint for Taxing Extreme Wealth
Exclusive: A groundbreaking report reveals how Britain could finally make its super-rich pay their fair share without a traditional wealth tax. Discover the innovative policies set to redefine economic fairness.
UK Bank Shares Plunge on Budget Windfall Tax Reports
UK banking stocks suffered a dramatic sell-off following reports that Rachel Reeves is considering a new windfall tax on lenders in the upcoming autumn budget. The proposal, aimed at funding national priorities, sent shockwaves through the financial secto
Labour's property tax bombshell: Rayner hints at major reforms
Exclusive: Labour's Deputy Leader Angela Rayner signals major tax reforms targeting property investors and second homeowners, with a potential raid on capital gains and stamp duty. The plans could reshape the UK housing market.
Bank of England Losses to Cost Taxpayers £200bn
A new report reveals the staggering cost of the Bank of England's quantitative easing programme, with taxpayers facing a bill of up to £200 billion, intensifying calls for a windfall tax on banks.
UK landlords face tax overhaul on rental income
HMRC is considering a major tax overhaul that could see UK landlords paying tax on their gross rental income instead of profits. Discover how this proposed change might impact property investors and the rental market.
Stealth Tax To Cost Workers £1,200 as Thresholds Frozen
A brutal 'stealth tax' is silently crippling British workers' finances. With income tax thresholds frozen until 2028, millions are being pulled into higher tax brackets despite no real-terms pay rise. Discover how fiscal drag could cost you over £1,200 an
Aussie Expat's Dubai Tax Dodge Foiled in Court
A wealthy Australian expat's elaborate scheme to avoid paying millions in taxes by claiming non-residency from a Dubai apartment has been crushed by a landmark court ruling, setting a major precedent for global tax enforcement.
HMRC Payouts Up To £100,000: Claim Your Tax Rebate
HMRC is sitting on millions in overpaid taxes. Discover if you're one of thousands due a surprise payout of up to £100,000 and how to claim your money back.
Pensioner wins £10k tax victory against HMRC
A retired British pensioner has successfully reclaimed nearly £10,000 after a landmark tribunal ruled HMRC unfairly taxed his pension. This case sets a crucial precedent for thousands of retirees facing similar tax demands.
HMRC's New Tax Rules for Vinted & eBay Sellers
UK online sellers on Vinted, eBay, and Etsy are being urgently warned about a major new HMRC tax rule change coming into force on January 1st, 2024. Here's what you need to know to stay compliant.
HMRC's 9-day tax deadline warning: File now or face fines
UK taxpayers have just nine days to submit their self-assessment tax returns or risk an automatic £100 fine. HMRC warns of penalties up to £1,600 for late filings as the 31st January deadline looms.
State Pension Tax Trap: Thousands Owe HMRC
A hidden tax trap is snaring UK state pensioners. Discover why you might owe HMRC even if your income is below the tax threshold and how to check if you're affected.
Labour's Secret Plan for Great British Wealth Tax Exposed
Explosive report reveals Labour's radical blueprint for a new Great British Wealth Tax, targeting pensions, properties, and inheritances. Full analysis inside.
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