70 results for "HMRC"

The Department for Work and Pensions (DWP) has issued an update on the status of the State Pension Underpayments Legal Entitlements and Administrative Practice (LEAP) initiative. State Pension Underpayment Update:...

The Department for Work and Pensions (DWP) announced changes to May's benefit payment date due to the upcoming bank holiday. Millions of beneficiaries throughout the UK will receive their scheduled...

To strengthen its campaign against benefit fraud, the UK government announced on Monday 13 May ambitious changes, promising to extend the investigative powers of the Department for Work and Pensions...

Wealthy pension savers are being cautioned that a new “catch in the small print” of lifetime allowance legislation might put them at danger of paying excessively tax on pension withdrawals....

Experts issued a warning to individuals who are late in filing their UK tax returns to make the necessary corrections as soon as possible to avoid the higher penalties that...

Some parents and legal guardians are required to update their personal information on GOV.UK to guarantee Child Benefit payments continue in June. This affects anyone with a 16-year-old child who was previously...

Members of an online benefit advisory forum are still reporting receiving backdated Personal Independence Payments (PIPs) ranging from £5,000 to almost £11,000 following a recent rule change by the Department...

British people could potentially gain an additional £1,000 in real terms on their savings, says the analysis, as providers offer competitive interest rates that exceed inflation levels. The current financial...

The Department for Work and Pensions (DWP) has confirmed that women affected by state pension underpayments are now falling into back payments averaging around £5,000. These arrears arise from the...

Universal Credit claimants with children have been alerted to the potential for childcare support worth up to £1,739 per month. This is part of the UK Government's initiative to help...

The British government will be strengthening the Department for Work and Pensions (DWP) by extending its powers to combat benefit abuse. Akin to the authority held by HM Revenue and...

Prime Minister Rishi Sunak has announced massive changes to the UK's welfare system. Mr Sunak stated in a speech on Friday morning that it is a "moral mission" to reform...

This May, expect several changes to the timing of receiving Universal Credit and other benefit payments, particularly due to two upcoming bank holidays. Stay informed on how these adjustments will...

The start of the new tax year has brought a financial boost to millions of UK workers. National insurance schemes have been in place since 6 April 2024, and British...

According to the Institute for Fiscal Studies, more than half a million of UK pensioners will face paying income tax for the first time this week. Tax Burden on UK...

The UK housing market is poised for an active spring, thanks to lower mortgage interest rates and increased buyer confidence. The latest HMRC report shows an encouraging increase in property...

Pensioners have encountered an unforeseen financial setback, as newly disclosed figures reveal the imposition of an "emergency" income tax bill, reaching as high as £55,000 for some individuals, subsequent to...

The UK has become a major player in the holding and trading of bitcoin. Recent data reveals a persuasive fact: the UK now ranks third globally in terms of the...

As the UK nears a historic milestone, welfare costs soar, with the working-age benefits bill set to exceed £100 billion this year. This unprecedented expenditure, linked to a surge in...

As of today, households are set to receive the third instalment of the £299 cost of living payments, marking the completion of the three-part support package initiated in autumn 2021....