The Latest Breaking News from Income Tax

Half a million pensioners could come into the income tax net

A significant increase in the number of over-65s paying tax is expected in 2023.

Government officials are considering a change to income tax bands in next week's Budget

Finance Minister Paschal Donohue is expected to increase the 40 per cent income tax band by €2,500, meaning workers won't have to pay the higher tax rate on any earnings below €39,500

With a much larger pension increase expected in April 2023, a bigger jump in the number of over-65s paying tax is expected

At a time of soaring inflation, frozen income tax thresholds have a ‘profound effect’, according to former pensions minister Sir Steve Webb.

PM’s remarks pave way for radical overhaul that could include rethinking income tax brackets

EC wrote to Law Ministry last week to lower limit for declaration of donations from ₹20,000 to ₹2,000

Apple Inc said on Monday prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia and all territories that use the euro currency, from next month. The new prices, excluding auto-renewable subscriptions, will be effective as early as Oct. 5, Reuters quoted…

Plans said to be considered by the new Chancellor include bringing forward a 1p cut to income tax, as well as reversing the National Insurance hike and scrapping an increase to corporation tax

Usually, assets worth more than £325,000 are taxed at 40% when inherited by an individual in the UK but King Charles won't have to pay up.