In the coming weeks, 560,000 individuals will receive simple tax assessments for the 2023/24 tax year, according to HMRC's own figures.

HMRC sent tax demand for my fixed savings account - even though I won't be paid the interest until it matures. By ED MAGNUS. Updated: 09:10 EDT, 31 January 2025 ...

Mortgage demand from home buyers is expected to soften over the summer, according to a Bank of England survey of lenders.

The proportion of helpline interactions that are caused by the departments’ errors and delays, or by a mistake on the part of ...

Company car take-up soared in 2023/24, the latest tax year for which data is available, on the back of surging EV and salary ...

An estimated 90,000 of them will have no tax to pay and no reason to report their trading income to HMRC in the future at all. Others will be able to pay any tax they owe through a simple online ...

Millions of state pensioners born after 1951 are set to pay tax to HMRC. HMRC says the Personal Allowance is set to remain at £12,570 until the 2028/29 financial year. This could see over four ...

The taxman can be quick to demand what it thinks it is owed and to slap late penalties on those who miss deadlines. It’s not just a problem with inheritance tax. HMRC raked in more than £400m ...

There has been a surge in searches for information on Making Tax Digital in recent months, according to finance specialists Rift.

HM Revenue & Customs (HMRC) has hit hundreds of thousands of pensioners with shock tax bills. The tax office issued 1.32m “simple assessments” in the 2023-2024 tax year, up 74pc from 757,745 ...

HMRC will issue a Simple Assessment letter if you need to pay tax on your State Pension or owe HMRC £3,000 or more. This letter will generally be sent through the post or be added to your ...