Thousands of people with savings accounts are set to be hit with a shock tax bill from HMRC after a delay on sending out ...

People with £3,500 or more in savings are being warned they could face an unexpected tax bill from His Majesty’s Revenue and ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

Under HMRC guidance, you're entitled to a tax-free personal allowance. For those earning under £100,000 with no taxable perks ...

UK savers have been urged to check HMRC rules, as a ‘significant’ portion will soon face tax bills due to rising interest ...

I believe I am being asked to pay £1,300 in taxes on interest I can't yet access. Do I owe this money and what are the rules?

HMRC can automatically identify interest earned on savings in bank accounts, and if it exceeds a specified limit, it will issue a notice for additional tax. The Personal Allowance allows a basic ...

With the end of the tax year approaching, people who are employed or receiving a pension may find themselves on the receiving ...

HM Revenue and Customs (HMRC) continue to face increasing costs and challenges as it presses on with becoming a fully digital tax authority, according to a National Audit Office (NAO) report.

HM Revenue and Customs (HMRC) has said some people may have £2,000 or more in a bank account that they don't know about. It ...

HMRC has the capability to automatically detect interest accrued in your bank account, and if your savings interest exceeds a certain limit, you'll be issued a notice for additional tax.

If your interest payout tops £500 – and that's without even counting other accounts – expect a letter from HMRC. And for higher earners, every pound over the allowance sees 40% tax ...