HMRC is understood to be checking whether all the transactions Robinson has received are donations rather than payments for services. Donations are tax-free ... 13-minute clip – which begins ...

HMRC has clarified how tax rates apply to pensioners after a person got in touch with a question about their retirement income. The taxpayer contacted the organisation over X saying there were a ...

Thousands of people with savings accounts are set to be hit with a shock tax bill from HMRC after a delay on sending out letters. His Majesty’s Revenue and Customs normally sends out P800 ...

"This reduces their tax by up to £252 in the tax year (6 April to 5 April the next year)." Demonstrating with an example, HMRC explains: "When you claim Marriage Allowance you transfer £1,260 of ...

This is to ensure that individuals who need to pay tax on their income are doing so. Platform operators are obliged to inform sellers when they have passed on their details to HMRC. The cut-off ...

A reasonable excuse is defined as an unforeseen circumstance that prevented you from fulfilling a tax obligation, despite taking reasonable care to do so. Examples provided by HMRC include the ...

If you haven’t already done so, register for HMRC’s online services and submit your return digitally. The system guides you through the process and helps calculate your tax liability ...

I then received a tax demand from HMRC for the interest accrued in the 2023/24 tax year, even though the bond is not due to mature until later. In my case, it means paying out £1,300 years ...

People are being warned they may be targeted by fraudsters as they submit tax forms to HMRC. Self-assessment forms must be sent in by January 31, but it can mean the days and weeks immediately before ...

HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is delaying sending out vital letters by up to four months. HMRC says it ...

HMRC estimated earlier this week that 3.4 million people still had to file their tax return or face an initial £100 penalty. Some 8.6 million people had already filed their 2023-24 tax return.