Taxing times: the tax changes coming in April 2023

Rates to remain the same but frozen thresholds mean many people will pay more to HMRC

Glasses on a calculator
Taxpayers are facing the effects of ‘fiscal drag’
(Image credit: Getty Images/Grace Cary)

Major changes are coming to tax bills from April that could mean “millions of households will be worse off”, said The Sun.

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Marc Shoffman is an NCTJ-qualified award-winning freelance journalist, specialising in business, property and personal finance. He has a BA in multimedia journalism from Bournemouth University and a master’s in financial journalism from City University, London. His career began at FT Business trade publication Financial Adviser, during the 2008 banking crash. In 2013, he moved to MailOnline’s personal finance section This is Money, where he covered topics ranging from mortgages and pensions to investments and even a bit of Bitcoin. Since going freelance in 2016, his work has appeared in MoneyWeek, The Times, The Mail on Sunday and on the i news site.