Tax

'Road tax' rates are to be shaken up for new cars from 2017, while a new 'Roads Fund' is to be established so money raised in England will be spent on maintaining and upgrading roads in the country.

Individuals and businesses who owe more than £1,000 to HM Revenue and Customs (HMRC) may have their funds raided for the money owed.

Millions get an income tax cut over the next few years as the Chancellor is to bring forward planned increases to both the personal allowance and the higher rate tax thresholds.

Self-employed parents and those with more than one child who've been waiting for the Government's new Tax-Free Childcare scheme to launch this autumn will now have to wait till 2017, following a Supreme Court judgment today.

HM Revenue and Customs is setting £45 million aside to improve customer service after figures show that 7.2 million phone calls made to it in the last year went through to a 'busy' tone instead of the caller being able to speak to someone.

Update: 1 June 2015: The Government has today announced that the 30 hours of free childcare for three- and four-year-olds will actually roll out in September 2016 in some pilot areas, ahead of the full expansion in September 2017.

From today a host of changes take force, which could see the tax you pay and the savings you make alter. Other changes will see new pension freedoms taking effect, as well as the ability to transfer Child Trust Fund savings into a Junior ISA.