A Sheffield author has been forced to pay £2,500 in personal tax on profits from his book to HM Revenue and Customs (HMRC) , ...

Martin Lewis has put out an update ahead of the HMRC tax return deadline, clarifying the rules on savings interest and tax for UK taxpayers. The Money Saving Expert founder says it's unlikely ...

the number of people likely to pay tax on their savings alone, due to earning more than £1,000 in interest, was at 6.1 million according to CACI. In October 2023 this figure sat at 5.3million. READ ...

Martin Lewis has put out an update ahead of the HMRC tax return deadline, clarifying the rules on savings interest and tax for UK taxpayers. The Money Saving Expert founder says it's unlikely savers ...

Since pension freedom reforms were introduced in 2015, HMRC docks extra tax off any initial sum taken from a fund on the assumption it could be 'month one' of a series over the rest of a tax year.

HM Revenue and Customs (HMRC) is to end the “arcane” practice of emergency taxing pensioners on their retirement savings. Almost half a million people have paid too much tax since 2015 because ...

The PAC said it is concerned that the tax authority has sought to degrade its telephone service to drive taxpayers to digital channels. But HMRC hit back strongly, with Jim Harra, First Permanent ...

which forms part of a package of proposed reforms to HMRC's existing enquiry and correction powers. The move is anticipated to expedite corrections in tax returns, reducing staff time and bureaucracy.