News

HMRC savings tax loophole means you can increase Personal Allowance to over £18k
Kicking off on April 6, the new financial cycle leads HMRC to issue updated tax codes to individuals surpassing particular ...
‘HMRC harassed me for two years over a £50k inheritance tax bill I’d paid’
The 63-year-old grandmother owed £56,540 in inheritance tax after her father died in September 2020. She and her two brothers ...
650,000 pensioners risk paying more tax this week after HMRC rules change
650,000 pensioners could be at risk of paying more tax as revised HMRC rules take effect. With the state pension swelling to ...
Are you paying too much tax? Check your HMRC tax code and get a rebate
If you think you are on the wrong tax code, you can contact HMRC on 0300 200 330 or speak to an advisor online via their live ...
HMRC letter to demand 650,000 pensioners pay more tax - check if it applies to you
HMRC will issue a Simple Assessment letter if you need to pay tax on your State Pension or owe HMRC £3,000 or more. This ...
HMRC halts phone and webchat self-assessment refunds due to fraud concerns
HM Revenue and Customs (HMRC) will no longer handle phone or webchat requests for self-assessment refunds due to a rise in ...
Thousands of savers could owe HMRC tax and not know it - what to do now
Huge numbers of savers may owe HMRC tax on their savings interest, with the taxman warning that it cannot match one in five ...
‘Why should I endure HMRC’s pitiful interest and a six-month wait for my tax refund?’
Email your tax questions to Mike at [email protected]. Dear Mike, The Spring Statement included measures to crack down ...
HMRC sending surprise tax bills to people with savings accounts
Thousands of people with savings accounts are set to be hit with a shock tax bill from HMRC following the end of the tax year. His Majesty’s Revenue and Customs normally sends out P800 letters, at the ...
HMRC sending out tax bills to millions of people with savings accounts
Thousands of individuals with savings accounts are bracing for an unexpected tax bill from HMRC following the conclusion of ...
HMRC tax demands hit UK pensioners with bills up to £2,000
The triple lock has seen the full new state pension rise but the HMRC bills could come as a shock to those who are now facing ...