Category : Search result: ATO tax shortfall


EV Boom Creates £13B Treasury Black Hole

As petrol and diesel cars disappear from UK roads, the Treasury faces a massive fuel duty shortfall that could force difficult tax decisions. Discover how the switch to EVs is reshaping Britain's fiscal landscape.

Police Scotland demands extra £140m amid budget crisis

Police Scotland faces its most severe financial crisis since its creation, with chiefs warning they need an additional £140 million annually just to maintain current service levels amid rising operational costs.

2024 Income Tax Shock: How Much More You Pay

Millions of UK workers face higher income tax bills from April 2024 as frozen thresholds drag more earners into higher brackets. Our comprehensive guide reveals exactly how much extra you'll pay.

Reeves plans 'death tax' hikes and stealth Budget levies

Chancellor Rachel Reeves is preparing a blizzard of tax increases targeting wealthy estates and middle earners, with inheritance tax reforms and capital gains adjustments on the table. Meanwhile, horse racing escapes gambling reforms in what critics call

Reeves Declares War on Tax Dodgers with New Charge

Shadow Chancellor Rachel Reeves unveils bold plan to target non-doms and private equity with new tax measures to fund public services, as Labour positions itself as party of fiscal responsibility.

HMRC cracks down on side hustle tax evasion

BBC money expert reveals HMRC's new powers to track your side income from online platforms. Discover what you need to declare and how to avoid penalties in our essential guide.

2024 Income Tax Changes: What You'll Really Pay

Millions of UK workers face significant income tax changes from April 2024. Our comprehensive guide breaks down exactly how the new tax rates and thresholds will impact your take-home pay.

Tax Deadline: Avoid £1650 ATO Fine - Oct 31

Millions of Brits risk substantial penalties as the October 31st self-assessment deadline approaches. Learn how to avoid the Australian Tax Office's automatic fines and secure your financial future.

Scots Face £6,500 Council Tax Hike in SNP Overhaul

Homeowners across Scotland brace for financial blow as SNP government plans radical council tax overhaul that could see bills increase by up to £6,500 annually under controversial new property valuation system.

Why Labour must tax wealth, not just income

As Labour prepares for government, experts argue that taxing wealth through mansion levies and council tax reforms could be the key to solving Britain's fiscal crisis without punishing ordinary workers.

ATO enlists debt collectors for tax recovery

The Australian Taxation Office has escalated its debt recovery efforts by hiring private debt collectors to pursue billions in outstanding taxes. Learn how this affects taxpayers and what you need to know.

UK retirement crisis: Millions saving too little

Shocking new research reveals nearly half of UK adults aren't saving enough for retirement, with young people and renters facing the greatest financial insecurity in later life.

Reeves targets lawyers, accountants and doctors in budget

Chancellor Rachel Reeves is preparing to target lawyers, accountants, and doctors in her upcoming budget with new tax measures aimed at high-earning professionals. Discover how these changes could affect Britain's top earners.

Labour's £10bn Middle-Class Tax Raid Revealed

Exclusive analysis reveals Labour's shadow chancellor Rachel Reeves is planning a massive middle-class tax raid targeting pensions, investments, and property wealth to fund government spending.

HMRC Car Tax Blunder: Claim Your Refund Now

Shocking HMRC error sees thousands of drivers overpaying car tax due to incorrect vehicle classification. Our guide reveals how to check if you're affected and claim your refund.

Australian 'Death Tax' Proposal Sparks Boomer Backlash

A controversial new inheritance tax proposal in Australia has ignited fierce debate, with older generations pushing back against what they're calling a 'death tax' that would redistribute wealth from estates to younger Australians.

OnlyFans Star's Shocking Tax Deduction Claims

Australian adult content creator Annie Knight reveals the most intimate items she's attempted to claim on tax, sparking debate about legitimate business deductions in the digital creator economy.

Reeves Plans Inheritance Tax Overhaul

Shadow Chancellor Rachel Reeves is considering a radical reform of inheritance tax that could see the controversial levy replaced with a lifetime gifts tax system, potentially transforming wealth transfer in Britain.

Labour's Tax Raid: Pensions & Property Targeted

Exclusive investigation reveals Labour's Rachel Reeves planning sweeping tax reforms targeting pensions, property and savings, sparking fears of financial raids on middle Britain.

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