If you suspect you've paid an incorrect amount of tax but don't receive a tax calculation or Simple Assessment letter by the ...

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

HMRC has shared an important warning to anyone with over £3500 stashed in the bank, as they could be hit with an unexpected ...

However, if the fixed rate deal - whether it be two-year, three years or longer - pays out the interest only at maturity, ...

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

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

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.

HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is ...

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

The Personal Savings Allowance allows basic-rate taxpayers to earn up to £1,000 in savings interest a year without paying tax ...

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 states on its website: 'Interest "arises" when it is received or made available to the recipient. Interest has been made available if it is credited to an account on which the account holder ...