PA asked Steve Webb to share his insight on HMRC's method of taxing pension freedoms withdrawals and what may change ...

HMRC automatically knows how much interest you earn on your savings in bank accounts and if you owe additional tax ...

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

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

HMRC normally sends out P800 letters, which tell you if you have overpaid or underpaid tax, by the end of November - but some ...

Savers with £3,500 or more are being alerted to the possibility of an unexpected tax demand from His Majesty's Revenue and ...

The Sun newspaper has reported it marks a "quiet" change from the taxman, which is now working under the Labour Party government. HMRC said this is because it's received a "higher than expected" ...

However, HMRC has now extended this deadline until March 2025. This news comes to light following reports from The Sun ...

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?

Savers with £3,500 or more tucked away could be hit with an unexpected tax demand from His Majesty's Revenue and Customs ...

The Personal Savings Allowance means that you can only earn a certain amount in interest each year before being taxed on it ...

Savers with more than £3,500 tucked away could be in for a shock as HMRC might send them an unexpected tax bill. The tax ...