The Latest Breaking News from Income Tax

Ditching Rachel Reeves would put spotlight back on real context for decision to drop idea of breaching manifesto

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the top bracket, the increase would cement the city’s position as having the highest taxes on top…

The Chancellor is facing calls to resign over misleading the public and Cabinet minister over the state of Britain’s finances

Conservative leader Kemi Badenoch claimed the Chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

Conservative leader Kemi Badenoch claimed the Chancellor had ‘lied to the public’ and should be sacked

The Chancellor was told in October by the Budget watchdog that her spending plans would no longer incur a black hole.

Official forecaster’s chair says chancellor knew about revised predictions well before her budget change of heart

The government's individual income tax revenue last fiscal year was nearly 14 times its tariff revenue.

Chancellor says Treasury won’t go after ‘tiny amounts of money’ and pledges they won’t pay any tax in this parliament