Against the backdrop of high taxes and rising living costs in the UK, many people choose to build up their wealth through savings interest or investment products. What some may not realise, however, is that while savings capital itself is not taxed, the interest earned on savings is subject to taxation – this is known as the tax on savings interest. In recent years, the tax burden on British savers has grown heavier.

Britain’s pension system is under mounting pressure, with millions of retirees already struggling to make ends meet and younger generations at risk of even greater hardship in the future. Recent data from the International Longevity Centre (ILC) and the Pensions Policy Institute paints a stark picture of a nation facing a deepening retirement crisis.

HMRC has officially announced new rules – from 1 January 2026, tax reporting requirements for crypto assets will tighten significantly, and tax evasion will face severe penalties.

Following significant progress made by the G7 nations on the global minimum tax and the crackdown on multinational tax avoidance, the United States has agreed to remove Section 899 – a retaliatory tax clause against foreign companies – from the Big Beautiful Bill. This move spares UK-based businesses from what could have been an enormous additional tax burden.

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According to the latest data from the British Retail Consortium (BRC), annual food inflation in June rose to 3.7%, up from 2.8% in May – the largest monthly increase in nearly a year. The price hike breakdown: ‘climate tax’ and ‘policy tax’ on the dinner table.

Under Rent a Room Scheme, if you live in a UK property and rent out a furnished room in your main home, you could effectively boost your tax-free income to £20,070 per year.

One of this summer’s most talked-about limited editions in the UK has undoubtedly been the strawberry and cream sandwich from Marks & Spencer (M&S). However, this viral hit has unexpectedly triggered a VAT (Value Added Tax) controversy, which could prompt an investigation by HMRC – and may even mean that some consumers have overpaid tax. Why are so many choosing to dip into their pension pots early rather than waiting until full retirement age?

The new regulations impose high-frequency, high-dimensional reporting obligations on platforms. They also introduce automatic identity and transaction data matching for sellers—signalling the end of the grey-area practices involving offshore platforms, offshore income, and missing declarations. Given the situation, many have wondered – does Hong Kong still offer a low-tax advantage for businesses?

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Moving To Europe to Receive Your UK Pension Tax-Free? In recent years, a growing number of British pensioners have opted to retire abroad—especially in EU countries. According to the latest analysis, tens of thousands of UK retirees living in Europe are enjoying what some are calling a ‘hidden perk’: receiving as much as £35,000 a year in State Pension income, with little to no UK tax liability.

In this guide, we’ll walk you through the structure of CGT, how it’s calculated, and practical strategies for managing it. Whether you're an investor or a homeowner, understanding your tax responsibilities is key.

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.

In just the past month alone, HMRC collected nearly £800 million in inheritance tax (IHT), marking the second-highest monthly figure ever recorded. As a result, many families not previously considered wealthy are now being swept into the scope of IHT.

According to major media reports, the so-called ‘Bank of Mum and Dad’ is playing a major role in the UK housing market, helping young people buy homes earlier and at higher prices — particularly first-time buyers. In other words, for many people under 30 in the UK, homeownership is simply not realistic without financial help from parents.

Under the new policy, the UK government has scrapped the remittance basis for non-domiciled individuals—previously allowing up to 15 years without paying UK tax on foreign income. It has now been replaced by a new residence-based system for foreign income and gains (Foreign Income and Gains, or FIG). The sweeping reforms targets 34 different benefits, from disability allowances to chronic illness support.

Did you know? Nearly half of retirees to be hit by Inheritance Tax bill. According to data analysis, approximately 46% of individuals aged 85 to 89 receive a State Pension that exceeds the £12,570 tax-free personal allowance, meaning they must pay income tax on their pension income. For retirees aged 90 and above, this figure stands at 45%. Among those under 85, around 22% are also taxed on their State Pension income — effectively subject to a so-called ‘retirement tax’.

Between the 1970s and 1980s, around 5,000 haemophiliacs and other blood disorder patients in the UK were infected with HIV or hepatitis viruses after receiving contaminated blood products from the NHS. Nearly 3,000 died as a result. Under current UK inheritance tax laws, only the first direct heir is exempt. Any subsequent inheritance of that scandal compensation is subject to up to 40% tax.

Recently, the Department for Work and Pensions (DWP) issued a new statement announcing that, due to a historic state pension error, over 130,000 individuals have received a total of approximately £800 million in backdated state pension payments.

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