Anyone who has a bank balance of £11,600 or more have been issued a warning from HMRC. A personal finance expert has warned that many savers might find they become liable to a tax payment due to ...

The central bank has lowered the base rate from 4.75% to 4.5%. As HMRC bases its charges for late tax payments on the base rate, these will drop as well. Late payment interest is set at the base ...

A communications glitch between HMRC’s Pay As You Earn (PAYE) and its Computer Environment for Self Assessment (CESA) systems, which causes duplicated payments, is being investigated.

HMRC has issued a warning to those with bank ... so savers with more attractive savings rates might find they become liable to a tax payment at a much lower level of savings than they had anticipated.