119 results for "HMRC"

His Majesty's Revenue and Customs (HMRC) reviewed late tax payment and refund costs in response to a Bank of England comment.

HM Revenue and Customs (HMRC) has issued an important update regarding certain type of people who are in receipt of financial assistance such as child benefit.

Labour’s inheritance tax reforms could tighten gifting rules, leaving families facing higher taxes on gifts made years before death.

HMRC has warned thousands of people about an upcoming deadline, which requires action within weeks to avoid a £100 fine.

State pensioners are being warned by HMRC that they could be hit with a £665 tax bill, which includes those who have lost Winter Fuel Payments.  

People must inform HMRC by October 5 to avoid automatic fines. Missed deadlines lead to escalating penalties up to £900.

HMRC warns many young people can claim thousands from overlooked Child Trust Funds, with average accounts worth up to £2,212.

Parents earning less than £60,000 a year can now receive increased annual cash support thanks to recent updates in HMRC regulations.

People with £7,500 in their savings accounts have been warned about an unexpected HMRC tax. A personal finance expert has revealed key errors and hazards in the savings account procedure...

UK households that missed the important Child Benefit deadline have received updated rules. Typically, Child Benefit payments stop on August 31, four weeks after a child's 16th birthday if they...

The DWP and HMRC are urging millions of households to act quickly or risk losing thousands of pounds in benefits. Millions of Households at Risk of Losing Up to £8,400...

HMRC is urging millions of UK households to claim a handout valued at £2,380 before the looming Saturday deadline. HMRC Urges Parents to Apply for Tax-Free Childcare by Saturday to...

Millions of people receiving benefits have been informed about upcoming changes in August. Because of the bank holiday, payments including Universal Credit, PIP, and Pension Credit will be made earlier...

UK investors are being reminded by HM Revenue & Customs (HMRC) to report and pay tax on crypto benefits they may have overlooked. HMRC Sends Warning Letters to Cryptocurrency Investors...

A conservative think tank has proposed a £5,000 Parental Allowance, urging the Department for Work and Pensions (DWP) and HMRC to consider it. Onwards has joined parenting platform Mumsnet to suggest offering a £5,000 tax...

His Majesty's Revenue and Customs (HMRC) has issued an early warning to thousands of UK parents as they risk having their child benefit suspended. Parents of children who have turned...

HMRC has alerted state pension recipients they might need to fill gaps in their National Insurance contributions in order to be able to get their full State Pension benefits. Individuals...

People who submit their taxes directly to HMRC through Self-Assessment are being urged to meet the deadline today, July 31. If they fail to do so, they could face a...

HMRC, the government's tax authority, is set to send an important tax letter to hundreds of thousands of UK residents this month urging them “not to ignore it”. UK Households...

HMRC is preparing to take action against the misuse of a childcare scheme. The tax authority has noticed that some businesses aren't adhering to the scheme's guidelines.  HMRC to Scrutinize...

Over 1.4 million households will soon receive a letter from HMRC, reminding them to renew their Child Benefit claim for teenagers continuing their education or training after the Scottish Nationals...

Individuals who have benefited from tax credits are being reminded to report any changes in their situation to HM Revenue and Customs (HMRC) before 31 July to avoid facing a...

If you are doing part-time work, it could be a good idea to review your tax situation to ensure you are not overpaying. During the summer, many people, especially students...

The number of people who pay the top rate of income tax in the UK, set at 45%, is expected to surpass 1 million for the first time this year....

Britons could get a lot of money back if they check whether the government owes them refunds. Many workers may have paid too much tax and could get a refund...

Recently, a major problem came to light. More than 577,000 parents in the UK experienced financial problems. Because of an error, they failed to receive their usual child benefit from...

Nearly 4.5 individuals are being warned they could face a one-month deadline to submit their tax payments. Self-employed workers have only a few weeks to get their taxes in order....

In the coming weeks, many people will receive a brown envelope from HMRC, informing them of thousands of dollars owed. HMRC to Rectify State Pension Underpayments Affecting Women HM Revenue...

A notable mistake made by HMRC has led to the notification of individuals, women regarding owed funds resulting from inaccuracies, in state pension calculations. Who Is Impacted by the State...

HMRC will provide a £500 boost to help struggling parents meet the costs of summer childcare throughout the school holidays. Understanding HMRC's Tax-Free Childcare: Benefits, Eligibility, and Application Details Tax-Free...

HMRC is fining households throughout the UK up to £360 for failing to meet their self-assessment tax deadline. Every year, millions of people who are self-employed, own businesses, or just...

Following two National Insurance cuts earlier this year— one in February and another in April— totaling an average of £900 altogether, Rishi Sunak has committed to providing an additional average...

HMRC failed to make scheduled Child Benefit payments, causing hundreds of thousands of parents across the nation to face significant hardship. Some complained about not having enough money to feed...

HMRC is sending letters to more than a million parents to remind them that they must renew their claim for child benefit or risk losing their payments. A £2,212 Warning...

People receiving state benefits may receive their payments earlier than usual due to next week's bank holiday. Department for Work and Pensions (DWP) said that all Jobcentre Plus offices and...

A report by the UK's spending watchdog, the National Audit Office, has revealed that taxpayers have spent the equivalent of 800 years on hold with HM Revenue and Customs (HMRC)...

Keeping an eye on your doorstep this week can be a good idea since His Majesty's Revenue and Customs (HMRC) is sending out 'brown envelopes' that you must open and could result...

The British citizens who are qualified for tax relief under HMRC's new travel rules have been identified. Andy Wood, a tax expert, outlines the difficulties of tax relief for travel expenses...

Following the passage of a key deadline, HMRC has begun issuing £10 daily fines to anyone who have yet to complete their self-assessment tax return. HMRC Imposes Daily Fines for...

Amidst the renewal season for tax credits, HMRC has issued a crucial warning to 730,000 claimants. Those receiving Working Tax Credit and or Child Tax Credit will start receiving renewal...

British workers are set to benefit from a major financial break from HM Revenue and Customs (HMRC). As part of the Government's Spring Budget, HMRC is set to launch a...

The Department for Work and Pensions (DWP) and HM Revenue & Customs (HMRC) are rolling out a long-awaited online service to simplify the process of topping up National Insurance Contributions...

The British population is currently grappling with a plethora of tax obligations, to an extent that event HMRC finds it hard to keep up. With allowances frozen or slashed, taxpayers...

HM Revenue and Customs (HMRC) recently issued an important reminder to eligible households not to overlook the possibility of claiming up to £1,331 a year in child benefit for newborn...

Changes to the payment schedules for various benefits facilitated by the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) have been announced due to the May...

Recent statistics suggest that many pensioners may have been overtaxed on their pension withdrawals. Claimants are being encouraged to check whether they are entitled to a tax refund from HM...

Following an incorrect amount of tax being charged on pension income, HMRC has refunded more than £42 million in pension tax overpayment refunds in the first quarter of 2024. HMRC...

According to tax specialists, HMRC is purportedly targeting around two million married couples in a new tax crackdown, and many are unaware of the approaching threat.  HMRC Targets Two Million...

Brits are being urged to check their payslips as HM Revenue & Customs (HMRC) collect an estimated £5.8 billion in overpaid tax. This enormous error is mainly due to incorrect...

Millions of British citizens are going to notice changes to the dates on which they receive benefits such as the state pension, PIP, child benefit and other allowances as a...