The government plans to raise the reporting threshold for trading income – here is how it could help your side hustle ...

HMRC will no longer ask hundreds of thousands of people with side hustles to file a tax return under new plans unveiled this week. The tax office will raise the reporting threshold for trading ...

That’s a fundamental imbalance.” For taxpayers who have yet to file their tax return, the penalties are already stacking up. HMRC applies a £100 fine if a return is up to three months late.

HMRC revealed earlier this month that over 11.5 million taxpayers beat the deadline to file their tax return for the 2023-2024 tax year by the end of January - even though thousands left ...

Taxpayers who failed to meet the January 31 self-assessment deadline could soon be hit by increasing penalties and interest. However, an interest rate adjustment from HMRC could provide some ...

Writing on social media, HMRC said: "Don't get caught out by ads promising quick tax refunds for working from home. Always check if you're eligible before making a claim. Avoid agent fees by ...

However, there have always been some people who do not buy into the idea ... HMRC, it was just how they were organised. Or rather, the way the platforms were organised to reduce their own national ...

Pensioners and employees who have issues with their tax could be at risk of receiving a letter from HM Revenue and Customs (HMRC). The government department is in the process of issuing both tax ...

HM Revenue & Customs pocketed more than £409m in interest charges alone last year, figures show. The amount the taxman raked in from taxpayers, trusts and estates that missed payment deadlines ...