If you’re a self assessment taxpayer, 31 January 2026 is the deadline for payment of any tax due for 2024/25 as well as the usual filing deadline for the 2024/25 tax return itself. If you can’t pay what you owe, don’t panic. Read our guidance below to understand what you can do to manage your tax ...
LITRG have responded to DWP’s recent informal general review of universal credit. LITRG’s main focus concerning universal credit is where there are interactions with tax rules and the tax system and in looking at the treatment and impacts of income in the universal credit system, in particular ...
A change to capital gains tax rates took effect part-way through tax year 2024/25, meaning that extra care is needed when reporting capital gains and losses on your tax return. We have updated our guidance on capital gains tax to include more detailed information on how to complete the capital ...
Payments on account are advance payments towards next year’s tax bill. If this is the first time you need to make payments on account, they can be surprising – and a little confusing! In this article, we explain more about how payments on account work, and what you can do if you are worried about ...
If you’ve received a tax calculation from HMRC which includes an interest income figure, it’s worth taking some time to check that figure is correct. If it isn’t, you may end up paying more tax than you owe.
Clause 10 extends the freeze of the personal allowance and basic rate income tax band for a further three years until 2030/31. Our briefing raises concerns about the impact of the freeze on people with low incomes, who face a real reduction in their net disposable income.