HMRC has clarified how tax rates apply to pensioners after a person got in touch with a question about their retirement income. The taxpayer contacted the organisation over X saying there were a ...

Thousands of people with savings accounts are set to be hit with a shock tax bill from HMRC after a delay on sending out letters. His Majesty’s Revenue and Customs normally sends out P800 ...

"This reduces their tax by up to £252 in the tax year (6 April to 5 April the next year)." Demonstrating with an example, HMRC explains: "When you claim Marriage Allowance you transfer £1,260 of ...

A reasonable excuse is defined as an unforeseen circumstance that prevented you from fulfilling a tax obligation, despite taking reasonable care to do so. Examples provided by HMRC include the ...

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 ...

Once April 6 arrives, people will be restricted to making voluntary National Insurance contributions for only the past six tax years, as per the usual constraints. Angela MacDonald, HMRC's Deputy ...

HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is delaying sending out vital letters by up to four months. HMRC says it ...

HMRC estimated earlier this week that 3.4 million people still had to file their tax return or face an initial £100 penalty. Some 8.6 million people had already filed their 2023-24 tax return.

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 ...

Company car drivers have been alerted to potential HMRC tax bills of £7,110 due due to a Government change coming into effect. Changes will soon be made to car tax and Vehicle Excise Duty (VED ...

HM Revenue and Customs says the majority of people submitted their self-assessment tax forms by the January 31 deadline but others failed to do so. HMRC was expecting more than 12 million tax ...

It's free and relatively quick to check your eligibility, which is highly recommended, even if you opt to use an agent or tax refund company. You might also need to furnish proof to HMRC to ...