John Healey's first Budget, the first of Andy Burnham's government, is best read as a fiscal-tightening event with a high chance of targeted changes rather than a simple rise in headline rates. Three points frame everything else. The room to manoeuvre has shrunk. Headroom against the fiscal rules was above £24bn in March. Since then gilt yields, higher borrowing and new commitments have eaten into it: ITEM Club puts it at just over £10bn, and the Resolution Foundation has sug

The government is consulting on proposals that would require many Income Tax Self Assessment (ITSA) taxpayers to pay tax closer to real time from April 2029. Under the plans, taxpayers with PAYE income would pay estimated ITSA liabilities through monthly PAYE deductions, while other self-employed individuals and landlords could move to monthly or quarterly payments on account. The reforms aim to reduce late payments and tax debt by spreading tax liabilities throughout the y

A Budget policy paper confirms that the switch from currently a basis to the tax year basis will happen for all self-employed individuals...

HMRC has reminded married couples and those in civil partnerships that they could reduce their income tax liability by up to £252 a year...

Employed workers can now claim the government's working from home allowance for the 2021/22 tax year. This gives workers a £6 per week...