News

HMRC says state pensioners born before 1959 should spend £1 or risk tax issues
A £1 pension trick could stop you from losing thousands in emergency tax when withdrawing from your pension, according to ...
HMRC warning over three 'red flag' tax codes 'handing workers £700'
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
leeds-live14d
HMRC issues 'minimum tax bill' of nearly £100,000 UK homes
UK households are facing nearly £100,000 in tax bills from HMRC, but there's a workaround. New analysis of Financial Conduct Authority (FCA) data reveals that between October 2023 and March 2024, 292 ...
Manchester Evening News18d
HMRC figures show one million pensioners facing 'triple whammy' tax payments
New figures released by HM Revenue and Customs (HMRC) suggests that around one million ... taxpayer can mean more tax to be paid on other forms of income. Article continues below For example ...
The Financial Express18d
All ITR forms notified for AY 2025-26 but you still can’t file your income tax return – Find out why
All ITR Forms notified for AY 2025-26 but you still can't file your income tax return - Find out why (Image: AI generated) If you are preparing to file Income Tax Return (ITR), then this news is ...
This is Money18d
Hundreds of thousands of pensioners are hit with unexpected tax bills after threshold freeze as Labour clobbers older Britons even more with winter fuel allowance
HMRC issued some 1.32million 'simple assessments' to pensioners in the 2023/24 tax year, up 74 per cent from the year before, dragging more into taxable thresholds in a phenomenon known as 'fiscal ...
The National18d
Shell pays no tax on North Sea drilling and gets £12.4m back from HMRC
This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The ...
Leicester Mercury19d
HMRC says people who had kids before specific date 'could still apply' for 'missing' payments
People who had children before a specific date are being urged to check on whether they're missing out on payments from HMRC. It could mean getting extra payments. In a post on X on Monday evening ...
IFA Magazine19d
HMRC simple assessments soar 74% in a year as stealth tax hits pensioners
New figures obtained by Quilter, the wealth manager and financial adviser, under the Freedom of Information Act reveal that HMRC issued 1.32 million simple assessments in the 2023/24 tax year, up 74% ...
The Canary19d
HMRC pensions scandal sees thousands of women owed over £7,000
These discrepancies have resulted in significant underpayments, with HMRC now identifying over 5,300 cases of underpayment that amount to around £42 million since the start of this year alone.
Bristol Post19d
HMRC says women who had kids between 1978 and 2000 could be owed thousands
HMRC has uncovered that thousands of women are due compensation totalling £7,859 due to a historical blunder. The error primarily impacted women who gave birth in ...
Nottingham Post20d
Historic HMRC error sees nearly £8,000 paid out per person - Check if you’re eligible
However, their families may still be able to make a claim regardless. HMRC noted: “Some customers affected by missing HRP may now have died. Their representative, or next of kin, will be ...