HM Revenue and Customs (HMRC) has outlined 10 valid reasons that could save you from a £100 penalty for missing the self-assessment deadline. A reasonable excuse is defined as an unforeseen ...

Lloyds Banking Group has been hit with a £1bn tax bill after it lost a key legal battle against HMRC. A tribunal in London ruled against Lloyds after the bank attempted to claw back losses ...

Savers with £3,500 or more tucked away could be hit with an unexpected tax demand from His Majesty's Revenue and Customs (HMRC). HMRC has the capability to automatically detect interest accrued ...

With the end of the tax year approaching, people who are employed or receiving a pension may find themselves on the receiving end of a seemingly intimidating HMRC letter. Known as Simple ...

An online service from HM Revenue and Customs (HMRC) has seen people topping up their national insurance (NI) records to enhance their state pension entitlements, contributing a total of £35m ...

HMRC sent him a nudge letter in November 2019, but Mr Thompson said this reminder to pay was “too little too late”. The tax office then told him it would send debt collectors to seize his ...

HMRC's Self Assessment deadline is midnight tonight, January 31. Those who fail to meet the deadline are risking a hefty £100 fine. From tomorrow, February 1, automatic penalties will apply for ...

Provided they’ve met other requirements, they could be eligible to set up a payment plan with HMRC online. HMRC has warned more than three million taxpayers are risking getting a £100 fine by ...

HMRC is handing out fines of up to £360 to households across the UK who failed to meet their self-assessment tax deadline on Friday. Each year, millions of people who are self-employed, made ...

I then received a tax demand from HMRC for the interest accrued in the 2023/24 tax year, even though the bond is not due to mature until later. In my case, it means paying out £1,300 years ...

Provided they've met other criteria, they might be eligible to establish a payment plan with HMRC online. Self-Assessment tax returns must submitted and paid by midnight, January 31. From tomorrow ...