Households across the UK are seeing changes to their income tax as HMRC applies ‘minus allowances’, reducing take-home pay ...

Items that reduce your tax-free allowances can add up to more than those allowances, resulting in ‘minus allowances’, experts ...

A basic rate taxpayer missing out on the personal allowance they are entitled to could pay £2,514 a year too much in tax. A P45 is a document that you get when you stop working for an employer.

On his 2024-25 tax code, it has adjusted for the job expenses (£2,289) and for the rental income (£3,927), but it hasn't picked up any adjustment for his self employment of £588. Does anyone know why ...

Your pay slip tax codes may appear to be nothing more than a jumbled mix of letters and numbers, but they play a vital role in calculating how much tax is deducted from your earnings. If these codes ...

His Majesty's Revenue and Customs (HMRC) has highlighted a straightforward method for people to manage their tax and ...

Discover how the UK’s First-Year Allowance offers tax breaks on capital investments. Learn its workings, history, and how it ...