tax year

For each £4,000 saved in any given tax year, the government will top it up with an extra £1,000.

Sir Keir's latest summary of his UK taxable income, capital gains and tax paid over the last tax year as reported to HM Revenue & Customs, was prepared by his chartered accountants.

The new tax year does see another freeze in income tax thresholds.

In the 2024-25 tax year, it says an average earner would have a tax cut of about £340 - from the combined tax changes - and people earning between £26,000 and £60,000 would be better off.

The IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file their returns for that tax year, the agency said in a news release Tuesday.