Budget 2020: NI threshold up but income tax rates frozen

Chancellor Rishi Sunak surprised many in his Budget by raising the threshold for National Insurance Contributions by nearly £1,000 from £8,632 to £9,500 although he left most income tax thresholds alone.

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460,000 seek income tax refunds in one year

About 460,000 people asked HMRC for a refund on overpaid income tax in the year 2018/19, according to a Freedom of Information request by Royal London.

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Record 93% file tax returns by deadline

A record percentage of self-assessment taxpayers completed their returns by the deadline.

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Scottish HNW individuals warned over tax ‘triple whammy’

Higher rate Scottish taxpayers will pay more than those in other parts of the UK thanks to a tax ‘triple whammy’, Financial Planner LEBC has warned.

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