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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.


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
2 days ago5 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


UK Tax-Free Allowance Freeze May Push 7 Million into Higher Tax Rates! Labour's Welfare Reform U-Turn Sparks Controversy
HMRC's urgent warning to seven million UK households over tax rates; U-turn in UK Welfare Reform: Planned Fiscal Savings May Evaporate; The EU is considering imposing high tariffs on Chinese electric vehicles.

TBA
Jul 75 min read


Business Energy Bills could be cut by up to 25%! Winter fuel payment Returns—But with a Tax Twist? HMRC to Reduce taxpayer letters by 75%!
HMRC to reduce taxpayer letters in £50m cost-cutting plan; UK considers taxing pensioners to claw back winter fuel payment; Energy bills could be cut by up to 25% for thousands of UK businesses.

TBA
Jun 304 min read


Millions more to get £150 off energy bills; Chancellor Eyes Softer Inheritance Tax; Bank of England Holds Rate at 4.25%
Millions of people will receive a £150 energy bill discount; the Chancellor is considering easing inheritance tax reforms to curb capital outflows; the Bank of England keeps the base interest rate at 4.25%.

TBA
Jun 235 min read


UK Economy Shrank 0.3% in April, Higher Taxes and Spending Cuts Expected
The UK economy shrank by 0.3% in April, with further tax hikes and spending cuts likely; council tax is expected to increase by 5% annually; the UK unemployment rate has risen to its highest level in four years.

TBA
Jun 164 min read


£47 Million Phishing Scam Hits HMRC, 100,000 Accounts Affected | Winter Fuel Payment Reinstated | Property Market Enters Adjustment Phase
100,000 HMRC accounts hit as scammers steal £47m in phishing attack; Winter fuel payments to be reinstated this year; First-time buyers typically borrowing for 31 years

TBA
Jun 95 min read


UK Government Unveils £25bn Pension ‘Megafunds’, Considers ‘Bath Tax’ and Scrapping Two-child Benefits Limit
Prime Minister says government 'will look at' scrapping two-child benefits limit; Labour plots ‘family bathtime tax’ on water bills; Reeves outlines plan for £25bn pension 'megafunds'.

TBA
Jun 24 min read


UK Borrowing in April Exceeds Expectations: Tax Hikes Possible in Autumn!
Tax rise warning after higher-than-expected UK borrowing. Trump threatens 50% tariffs on EU and 25% on iPhones. HMRC issues 'minimum tax bill' of nearly £100,000 UK homes.

TBA
May 274 min read


UK rich list has recorded the biggest drop in 37 years
UK Rich List sees biggest drop in 37 years! 10% of Britons save no money! New 10-year permanent residency policy may affect current visas!

TBA
May 195 min read


The Prime Minister Proposes Stricter Immigration Rules with English Tests and Delayed Settlement
The Prime Minister proposes stricter immigration rules with English Tests and Delayed Settlement. UK and US announce trade deal. Interest rate cut to 4.25% by Bank of England.

TBA
May 124 min read


Temu to stop selling goods from China directly to US customers
Temu to stop selling goods from China directly to US customers. House prices fall in April as stamp duty changes kick in. Milkshakes and lattes could be covered by sugar tax.

TBA
May 65 min read


New tax rises warning as borrowing jumps in UK hit by tariff wars
New tax rises warning as borrowing jumps in UK hit by tariff wars. Energy price cap set to fall in July, according to forecast. Retail sales see biggest rise for nearly four years.

TBA
Apr 284 min read


Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise
UK Prime Minister Sir Keir Starmer Paid £54,718 in Tax Last Year. Inflation continues to fall, more interest rate cuts are expected this year. Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise

TBA
Apr 224 min read


Super-rich flee London: the loss of millionaires second only to Moscow
HMRC halts phone and webchat self-assessment refunds. Super-rich flee London: the loss of millionaires second only to Moscow. HMRC halts phone and webchat self-assessment refunds.

TBA
Apr 144 min read


Hundreds of UK companies have been fined for submitting false information during registration
Hundreds of UK companies have been fined for submitting false information during registration. Donald Trump has imposed 10 per cent tariffs.

TBA
Apr 74 min read
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