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Furthermore, you might be on an incorrect tax code if HMRC has inaccurate information about your income, or if there are changes in your job. The most common tax code for the current tax year is ...
UK residents who have managed to save more than £3,500 could soon face a substantial tax bill, according to reports. The Express has reported that HMRC can 'automatically detect' interest on ...
Pensioners and employees who have issues with their tax could be at risk of receiving a letter from HM Revenue and Customs (HMRC). The government department is in the process of issuing both tax ...
Countless workers across the nation have been prompted to scrutinise their March payslips due to impending tax code alterations. HM Revenue & Customs (HMRC) has pinpointed five principal reasons ...
"When you withdraw more than the 25% tax-free amount, HMRC often applies an emergency tax code, assuming you’ll be taking that amount every month. This can lead to an overpayment running into ...
HMRC is currently dispatching emails to workers, informing them of their tax codes for the upcoming financial year. The current tax year concludes on April 5, with the new one commencing the ...
The tax-free Personal Allowance from HMRC is set to rise to £14,064 for some individuals. Married couples or those in a civil partnership can boost their tax-free income by £252, and this can be ...
When you withdraw more than the 25% tax-free amount, HMRC often applies an emergency tax code, assuming you'll be taking that amount every month. This can lead to an overpayment running into the ...
HMRC has provided guidance on the timeline for tax refunds to be deposited into individuals' bank accounts. The update came after a query from a customer who had been waiting several weeks for ...
HMRC is sending out 'P800' letters to people owed a tax refund. The Labour Party government's tax arm will send out a letter which will tell the recipient that they are due a tax refund, which can ...