Latest HMRC data also shows retired baby boomers paying greater amount in income tax than working people under 30 ...

When you receive an envelope with the HMRC logo, it can cause a lot of stress. An inquiry from the tax authority is rarely ...

THOUSANDS of households are set to receive letters urging them to declare income from online sales up to four years ago – or ...

HMRC is sending out emails to millions of taxpayers ahead of the end of the tax year in April. The current tax year ends on April 5, and the new one starts the next day, April 6. As we approach it ...

Issued by employers to their staff, a P60 is like "a receipt given to you by HMRC", said Unbiased, showing everything you have earned and how much tax you have paid in the past tax year.

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 ...

Tabitha Reed and Julia Cockroft examine the Tribunal’s ruling, its implications for suppliers of branded medicines, and ...

There are just weeks to go until a new tax year begins and with it HMRC will take the opportunity to adjust the tax codes of thousands, possibly millions, of workers. The new tax year begins on ...

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 ...

Millions with tax queries for HMRC face an average wait time on the phone of 18 minutes, with more than 2 million calls abandoned or cut off altogether in the last six months of 2024 due to a lack ...

HMRC is sending "nudge" letters to people it suspects could owe tax from online selling. As of January 2025, online selling sites such as eBay and Vinted must now sharing selling information with ...

Cryptoassets (also referred to as 'tokens' or 'cryptocurrency', with one example being Bitcoin) are cryptographically secured digital representations of value or contractual rights that can be ...