HMRC will give you a £20,070 allowance tax free legally if you submit a self-assessment tax return in this circumstance.

HMRC Personal Tax-Free Allowance can be boosted for UK households using savvy tricks as the Cost of Living crisis continues.

HMRC is handing some UK households an extra £3,000 in their income tax-free this year. Certain and specific UK households ...

Finance experts have warned the Labour government could slash Cash ISA limits from £20,000, all the way down to just £4,000 ...

More than seven million people in the UK will now be subject to the higher rate of income tax, which stands at 40%. This ...

HMRC is set to collect £17m from Wimbledon 2025’s £53.5m prize pot, with singles champions losing up to £1.3m to UK tax under ...

As reported by the Daily Record, the total number of income tax payers is expected to reach 39.10 million in 2025-26, an ...

HMRC said the £1,000 income threshold is key - anyone who earns more than this from their side hustle in a tax year may need ...

Once April 2026 arrives, you will probably be focused on those clients who are mandated into Making Tax Digital for income ...

Wimbledon is in full swing, with Carlos Alcaraz and Barbora Krejčíková fighting to defend their crowns on the manicured ...

But the tax-free allowance on capital gains has reduced in recent years from £12,300 to £6,000 in April 2023, and slashed ...

“There’s a common misconception that all gifts are automatically exempt from inheritance tax – but the reality is far more nuanced,” he explained. “HMRC is clear - unless you follow the specific rules ...