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Weekly News
We will update tax news weekly, bringing you the latest tax and accounting insights from the UK and around the world.
The UK to Scrap Low-Value Parcel Tax Exemptions! Income-Tax Freeze Increases Pressure on Workers! Sharp Drop in Net Migration Driven by Falling Work and Study Arrivals!
The UK plans to abolish the tax exemption for low-value parcels by March 2029; the income-tax threshold freeze is pushing millions into higher tax bands, increasing the burden on working households; and net migration has fallen sharply as work and study visa arrivals decline significantly.
TBA
5 days ago5 min read
UK Confirms 10-Year Settlement Rule! Unveils “Europe’s Strictest” New Immigration System Draft! Rail Fares Frozen for the First Time in 30 Years! Inflation Falls to a Four-Month Low
Biggest overhaul of legal migration model in 50 years announced; Rail fares to be frozen for first time in 30 years; UK inflation rate hits lowest level in four months
TBA
Nov 235 min read
Labour’s Emergency U-Turn: Income Tax Rise Dropped from Budget! Black Friday Spending Could Hit £14 Billion! Viagogo Hit with Multi-Million Pound Tax Bill
Labour will abandon its plan to raise income tax in the upcoming budget; Black Friday spending in the UK may reach £14 billion amid rising scam risks; and ticket-resale platform Viagogo has been hit with a £15 million tax demand.
TBA
Nov 175 min read
Millions of UK Social Media Users Could Face £100 Fines! HMRC Reviews Child Benefit Suspensions; Bank of England Keeps Interest Rates Unchanged
Millions of UK social media users may face £100 tax penalty risks; HMRC is reviewing the suspension of 23,500 child benefit payments; and the Bank of England expects inflation has peaked while maintaining current interest rates.
TBA
Nov 105 min read
AI Shockwave: U.S. Layoffs May Exceed One Million This Year! UK Pension Age Could Rise to 70? 40% of Small Businesses Owe Unpaid Taxes
Amazon announces 15,000 layoffs as the AI revolution hits middle management; the number of centenarians reaches a record high, and the State Pension age in the UK may rise above 70; meanwhile, 40% of small businesses have failed to pay taxes owed to HMRC.
TBA
Nov 36 min read
Retirement Savings Tax to Hit Over a Million People! Temu Earns $120 Million with Just 8 Staff; UK Inflation Holds Steady at 3.8% for Third Month
More than 1.1 million UK pensioners may soon pay income tax on savings interest; Temu’s EU profit nears $120 million despite having only eight employees, sparking tax controversy; and UK inflation remains unchanged at 3.8% for the third consecutive month.
TBA
Oct 265 min read
EU Implements New Border Rules: Passport Stamps Scrapped, UK Unveils Homebuyer Tax Rebate, Mobile Payments Hit New Record
Conservatives pledge £5,000 tax rebate for young home buyers; The EU’s new border rolls out, will replace passport stamping at border control; Brits opt for mobile phone payments as cash usage declines.
TBA
Oct 135 min read
UK Young Adults Aged 18–23 Could Claim Thousands of Pounds! Prime Minister Cracks Down on Immigration and Pushes Education Reforms! Packaging Tax May Push Food Inflation Up by Another 0.5%!
HMRC Urges 758,000 Young People to Claim Unused Child Trust Funds; Prime Minister’s Labour Conference Focuses on Immigration Policy and Education Reform; Packaging Tax Increases Cost Pressures, UK Food Inflation May Rise by Another 0.5%
TBA
Oct 75 min read
UK to Introduce Digital ID! HMRC Restarts Mandatory Debt Recovery! PM Starmer Caught in Land Trust Tax Avoidance Row
HMRC to resume taking tax owed by debtors directly from their bank accounts; The government has announced plans to introduce a digital ID system across the UK; Starmer denies putting seven-acre field in trust to avoid inheritance tax
TBA
Sep 295 min read
State pension likely to rise by 4.7% in April! Temu’s UK operation doubles revenues and pre-tax profit! Reeves plots ‘taxi tax’ as borrowing costs soar
State pension likely to rise by 4.7% in April! Temu’s UK operation doubles revenues and pre-tax profit! Reeves plots ‘taxi tax’ as borrowing costs soar
TBA
Sep 225 min read
HMRC raises small business ‘phoenixing’ tax loss to £836mn!150,000 people join 'Unite the Kingdom' march in London! UK economy saw zero growth in July
HMRC raises small business ‘phoenixing’ tax loss to £836mn！150,000 people join 'Unite the Kingdom' march in London! UK economy saw zero growth in July
TBA
Sep 154 min read
UK Deputy Prime Minister Resigns Over Underpaid Property Tax! Rents Soar to Record Highs! Fast-Fashion Giant Shein Caught in Tax Controversy!
UK Deputy Prime Minister admits to underpaying property tax and steps down; UK rents hit a record high with the cheapest regions revealed; Shein faces a UK tax storm as billions in revenue “flow” to Singapore.
TBA
Sep 85 min read
Number of countries suspending parcel shipments to the US grows to 25!More than £8bn wiped off British banks over Reeves tax raid fears! Electric cars eligible for £3,750 discount announced
Number of countries suspending parcel shipments to the US grows to 25! More than £8bn wiped off British banks over Reeves tax raid fears! Electric cars eligible for £3,750 discount announced
TBA
Sep 14 min read
UK may introduce property tax on homes over £500,000? Rail fares may rise by 5.8% next year! Asylum applications exceed 110,000, setting a new record!
Reeves considering new property tax on houses worth more than £500,000; Rail fares in England on path to rise by 5.8% next year on back of inflation data; Record 111,000 UK asylum applications in past year
TBA
Aug 264 min read
State Pension to Rise to £586 a Week? Chinese E-Commerce Giant Shein Hits £2 Billion Sales in the UK! Over 3 Million Investors to Pay Dividend Tax!
State pension alert: DWP called to raise payments to £586 a week and slash retirement age to 60; Online fashion retailer Shein’s UK sales leap by a third to more than £2bn; UK Cuts Dividend Tax Allowance Twice: 3.6 Million Investors Now Face Tax
TBA
Aug 185 min read
UK May Raise Basic Income Tax Rate to 25%?! Private School Parents Face HMRC Back-Tax Warning! Interest Rates Fall to Lowest Level in Over Two Years
Rachel Reeves needs to put up taxes to cover £40bn deficit; HMRC could claw back VAT from private school advance fee schemes; Interest rate cut to lowest level in more than two years
TBA
Aug 115 min read
Are Brits Buying Gold to Avoid Taxes? Major EU Border Changes from October! Heavy Business Taxation May Keep Pushing Prices Up!
UK investors buy gold coins in record numbers to mitigate against tax; UK retailers warn of more price hikes as tax costs bite; Biometrics to replace stamps at EU border from 12 October
TBA
Aug 34 min read
UK Considers Ending Pension ‘Triple Lock’ and Charging for NHS; 24+ Councils Back Four-day week
The UK Chancellor is considering ending the pension 'triple lock' system and introducing charges for NHS treatments; over 24 local councils are pushing for a four-day workweek, with South Cambridgeshire District leading the way by making it permanent; UK MPs jointly call for the introduction of a 'wealth tax'.
TBA
Jul 285 min read
UK Voting in Next General Election Age Lowered to 16, Mortgage Eased for First-Time Buyers — Labour Market Woes May Slow Rate Cuts
Rachel Reeves has announced the ‘biggest financial regulation reforms in a decade; 16 and 17-year-olds will be able to vote in next general election; UK unemployment rises and wage growth slows as jobs market ‘weakens’
TBA
Jul 215 min read
UK Faces Pension Crisis? Income Tax Reform Coming April 2025; Donald Trump announces 30% tariff on imports from EU
UK's pension triple lock to cost three times more; Donald Trump announces 30% tariff on imports from EU; HMRC confirms new income tax change starts next April
TBA
Jul 145 min read
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