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Making Tax Digital for Income Tax

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[Written Question] Councillors: Income Tax

Question by: Zöe Franklin Answering Body: Treasury Question: To ask the Chancellor of the Exchequer, whether councillors will continue to be able to claim allowable expenses against PAYE councillor income under Making Tax Digital for Income Tax; and what mechanism will apply for claiming such expenses.

UK Parliament Written Questions 6d ago

[Written Question] Councillors: Income Tax

Question by: Zöe Franklin Answering Body: Treasury Question: To ask the Chancellor of the Exchequer, how councillor-related expenses should be reported under Making Tax Digital for Income Tax where a councillor also has self-employed or property income above the relevant threshold.

UK Parliament Written Questions 6d ago

[Written Question] Councillors: Income Tax

Question by: Zöe Franklin Answering Body: Treasury Question: To ask the Chancellor of the Exchequer, whether councillors whose only income is a PAYE councillor allowance and related expenses are within the scope of Making Tax Digital for Income Tax.

UK Parliament Written Questions 6d ago

[Written Question] Councillors: Income Tax

Question by: Zöe Franklin Answering Body: Treasury Question: To ask the Chancellor of the Exchequer, whether HMRC has issued guidance for councillors on the application of Making Tax Digital for Income Tax; and whether further guidance is planned.

UK Parliament Written Questions 6d ago

[Written Question] Income Tax: Self-assessment

Question by: Lord Mackinlay of Richborough Answering Body: Treasury Question: To ask His Majesty's Government how many letters about the requirement to file quarterly Making Tax Digital returns have been sent out in error to taxpayers whose qualifying income is below the initial £50,000 threshold; and if so, what has been the maili

UK Parliament Written Questions 9d ago

ITR filing FY 2025-26: Top 10 points to check before submitting tax return

It is that time of the year again, when focus shifts to Income Tax Return(‘ITR’) filing. The tax filing deadline for the Financial Year (‘FY’) 2025–26 is approaching and taxpayers have commenced to gather documents like Form No. 16, other tax deduction statements, investment proofs, bank interest statements, capital gains reports, and other necessary financial information for preparing and filing their tax returns. Besides compliance, ITR also serves as a vital document frequently reviewed...

Times of India 6d ago

Albuquerque uses weed tax to fund 'no-strings-attached' guaranteed income, sparking policy debate

Albuquerque city leaders are touting the results of a controversial taxpayer-funded guaranteed basic income (GBI) pilot program, asserting that direct, monthly cash injections have significantly stabilized struggling households. During a Friday press conference, Albuquerque City Councilor Nichole Rogers emphasized that the city is making history by operating one of the few GBI initiatives in the country funded directly via municipal tax dollars. Albuquerque Mayor Tim Keller noted that while...

Fox News 6d ago

Florida and Texas are battling for new residents. DeSantis thinks he found an advantage

Florida and Texas have for years attracted Americans feeling high-tax, high-cost states with an absence of personal income tax and business-friendly policies. Now, Florida Gov. Ron DeSantis is betting that reducing property taxes could become the Sunshine State's next competitive advantage. The stakes extend well beyond Florida.

Fox News 3d ago

Florida and Texas are battling for new residents. DeSantis thinks he found an advantage

Florida and Texas have for years attracted Americans feeling high-tax, high-cost states with an absence of personal income tax and business-friendly policies. Now, Florida Gov. Ron DeSantis is betting that reducing property taxes could become the Sunshine State's next competitive advantage. The stakes extend well beyond Florida.

Fox News Politics 3d ago

Seattle mayor shrugs off millionaire-tax concerns as 44% of business leaders consider leaving

Seattle Mayor Katie Wilson said concerns about wealthy residents and businesses leaving Washington over rising taxes are "overblown" during an interview on Wednesday. "So today, do you still feel the narrative of the rich leaving is still overblown," FOX 13 Seattle co-anchor Hana Kim asked Wilson. "So, I still think that claims of a large exodus of rich people due to our statewide millionaire tax that the legislature passed this year are overblown," Wilson responded with a chuckle.

Fox News 2d ago