"The amount of income at which you pay different rates of income tax will still not be increased in line with rising prices. Instead the bands - known as tax thresholds - will stay frozen until 2031. That is three years longer than previously planned. This means any kind of pay rise could drag you into a higher tax bracket, or see a greater proportion of your income taxed than would otherwise be expected."
"Electric vehicle and hybrid car drivers will be taxed for using the road from 2028. EV drivers will be charged per mile, on top of other road taxes, in new road pricing. Electric car drivers will pay 3p per mile, while plug-in hybrid drivers will pay 1.5p per mile, with the rates going up each year in line with inflation."
"But the 5p "temporary" cut in fuel duty on petrol and diesel will be extended from April, followed by a staged increase from September 2026. The chancellor confirmed increases in April for those on minimum wages. It means: Eligible workers aged 21 and over on the National Living Wage will receive 12.71 an hour, up from 12.21 If you are aged 18, 19 or 20, the National Minimum Wage increase to 10.85 an hour, up from 10"
Income tax bands will remain frozen until 2031, increasing the likelihood that pay rises push people into higher tax brackets and raising effective tax burdens. VAT remains unchanged, which will weigh more heavily on those who do not pay income tax. From 2028 electric vehicles and plug-in hybrids will face per-mile road charges of 3p and 1.5p respectively, with rates rising in line with inflation. The temporary 5p cut in fuel duty will be extended from April, with a staged increase starting September 2026. National minimum and living wages increase in April across age groups and apprenticeships.
Read at www.bbc.com
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