The new tax year in the UK has begun with significant changes that are expected to significantly increase costs for households and businesses. These include a rise in Council Tax, a levy that funds local services, and higher energy costs due to the Middle East conflict. Tax thresholds and allowances remain frozen, with some workers moving into a higher tax bracket and others moving towards inheritance tax. New 'Making Tax Digital' rules will require anyone earning more than £50,000 ($66,419) from self-employment or property to submit quarterly updates on their income and expenses to HM Revenue and Customs. The Federation of Small Businesses has warned of higher compliance costs and increased business rates. Other changes include a cap on benefits per household on benefits and tax breaks for investors in venture capital trusts.