The Latest Breaking News from Income Tax

A day like today is not a day for false dichotomies, we can leave those at home. But governments generally face a simple choice when it comes to raising money, between broad-based taxes (e.g. income tax) or granular (e.g. inheritance tax threshold changes for farmers). Both have their advantages and disadvantages, as is being…

RESEACHERS have said they are unable to establish whether higher taxes in Scotland have cut Government revenues.

Tax brackets and standard deductions have increased for tax year 2025. Here's how it affects you.

Claim that £130 of tax to be collected on everyone receiving state pension relies on tax thresholds staying frozen longer than anticipated.

Americans spent an estimated $133 billion and 6.5 billion hours filing their tax returns in 2024.

The Income Tax department is conducting raids at the residence of Sunil Srivastava. Read further on Dynamite News:

For the 2025 tax year, the IRS has increased the capital gains tax income thresholds. Here's what you need to know.

The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.

The Department for Transport has disputed claims that the 50 per cent rise in the cap on a single bus ticket equates to a 1p rise in income tax

Major corporations that pay no company income tax are taking advantage of a broken system that needs government intervention, a think tank says.

ATO finds 31% of large businesses reported nil tax paid as many companies deducted losses and used offsets to dial their bills down to zero