Taxpayers who pay their taxes via self-assessment will pay more interest as HMRC clamps down on late payments. The interest charged on unpaid tax will rise by 1.5 percentage points. Currently ...

HMRC is handing out fines of up to £360 to households across the UK who failed to meet their self-assessment tax deadline on Friday. Each year, millions of people who are self-employed, made ...

I let the bank report the interest to HM Revenue and Customs for tax purposes as I don't have any obligation to notify it myself. I then received a tax demand from HMRC for the interest accrued ...

Provided they’ve met other requirements, they could be eligible to set up a payment plan with HMRC online. HMRC has warned more than three million taxpayers are risking getting a £100 fine by ...

As the personal tax allowance freeze holds, 800,000 more people could be facing increased or entirely new tax bills this year just on their savings. Experts at Shawbrook Bank delved into the ...

More automation in the tax system could shrink the difference between the amount of tax that should be collected by HMRC and what, in reality, is. HMRC’s new board chair, MP James Murray ,was ...

The terms “inland” and “internal” are basically synonymous. The HM Revenue & Customs (HMRC) sign outside their building in Whitehall on the 20th of November ... [+] 2024 in London ...

For the first time, online platforms such as eBay and Vinted must tell HMRC about sales information from people selling 30 items or more or who earned at least £1,700. The authority will assess ...