Stock trader and financial expert Michael Taylor has warned Brits they could be about to receive another tax bill from HMRC.

Stock trader and money expert Michael Taylor has warned that another tax bill could be arriving imminently through many Brits ...

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

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

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.

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

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

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 ...

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) 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.

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 ...