ATO Targets $5.3bn in 'On-Hold' Tax Debts in New Drive
The Australian Tax Office is chasing $5.3bn in old debts from 325,000 taxpayers, some dating back to 2017. The revamped 'robotax' scheme could see refunds withheld.
Category : Search result: tax debt
Gen Z Debt: 27% Default, Risking Mortgages
Over a quarter of UK Gen Z have defaulted on debt. Learn what a default means, its serious consequences for your credit file, and how to avoid one to protect your financial future.
Council Tax to Rise 5%: How to Cut Costs
Millions face a 5% council tax hike next year, adding £114 to typical bills. Discover actionable ways to reduce your payments and challenge your band.
1 Million More Pensioners Hit by Income Tax Freeze
Chancellor Rachel Reeves extends income tax threshold freeze to 2031, dragging over a million pensioners into the tax net. Discover the full impact on retirees and working people.
Reeves hikes property, savings and dividend taxes
Chancellor Rachel Reeves announces a 2% tax rise on property, savings and dividend income in her second Budget, targeting fairness. Discover the full details.
Women hit harder by public debt in Scotland
New research reveals women in Scotland are disproportionately driven into poverty by public debt collection. A wake-up call for policymakers to reform harsh recovery methods.
New HMRC Tax Rules for Self-Employed in 2026
Self-employed workers and landlords earning over £50,000 must prepare for HMRC's Making Tax Digital for Income Tax, requiring quarterly digital updates from April 2026. Learn how to adapt.
Reeves Plans £20-30bn Tax Rise in November Budget
Chancellor Rachel Reeves abandons income tax rise but targets £20-30bn through threshold freezes, EV charges & gambling taxes. Full budget breakdown inside.
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.
Millions Could Claim Council Tax Refunds - Check Now
Shocking investigation reveals millions of British households may have overpaid council tax and could be entitled to refunds worth thousands. Find out if you're affected and how to claim.
HMRC Urges Millions to Claim £1.5bn Tax Refunds
HMRC is sitting on £1.5 billion in unclaimed tax refunds - discover if you're among the millions owed money and how to claim your cash before it's too late.
Vinted sellers face HMRC tax crackdown under new rules
HMRC launches new digital reporting requirements for online sellers using platforms like Vinted and Depop. Find out if you need to complete a tax return and avoid potential penalties.
Bank of England Warns of Growing Consumer Debt Crisis
Exclusive analysis reveals millions of Britons are struggling with bills and loan repayments as the Bank of England sounds alarm over growing consumer debt crisis.
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
UK Families Face £1.1M Lifetime Tax Burden Under Labour
Exclusive analysis reveals the crushing lifetime tax burden awaiting British families as Rachel Reeves faces scrutiny over Labour's fiscal plans and economic transparency.
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.
Illinois wipes out $1bn medical debt for 300,000 residents
Governor JB Pritzker announces revolutionary $10 million medical debt relief programme, set to eliminate bills for nearly 300,000 Illinois residents in one of America's most ambitious healthcare reforms.
HMRC deadline: Last hours to avoid tax return fines
Millions of Brits face imminent HMRC deadline with just hours remaining to file self-assessment tax returns or risk substantial penalties. Essential guide to avoiding fines.
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.
195,000 households get energy debts wiped clean
Major energy debt relief announced as regulator clears £25 million in outstanding bills for vulnerable households across Great Britain. Find out if you're eligible for this financial lifeline.
HMRC helps 195,000 taxpayers with payment plans
Struggling with tax payments? HMRC's expanded Time to Pay scheme offers breathing space to nearly 200,000 taxpayers. Discover how this initiative helps individuals and businesses manage their tax liabilities during financial hardship.
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.
Surrey Labour splits over £1.2bn council debt crisis
Exclusive: Labour faces internal division in Surrey as two councils consider breaking away amid government pressure to address catastrophic local authority debt. The political earthquake threatens Starmer's authority in traditional Tory heartlands.
HMRC Sends Tax Warning Letters to 45,000 Workers
Thousands of UK workers receive unexpected tax demands from HMRC after BBC expert reveals widespread coding errors affecting pensions and multiple jobs.
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.
Trump's $7.8 Trillion Debt Bomb Exposes GOP Hypocrisy
Exclusive analysis reveals stunning Republican U-turn on fiscal responsibility as Trump-era policies and pandemic spending drive US debt to unprecedented levels, creating a political minefield for the GOP.
US per capita debt surpasses Greece and Italy
Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.
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.
Labour's 1p Income Tax Hike: What It Costs You
Exclusive analysis reveals how Labour's proposed income tax increase could impact household budgets across Britain as Chancellor Rachel Reeves considers fiscal changes.
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