At the time of writing, there are just 74 days left until the end of the tax year. Which begs the question, if HMRC can’t get its houses in order, is it fair to expect everybody else to be on ...
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.
It is used as an alternative to self assessment, where you would need to fill in a tax return, if HMRC cannot collect the tax ...
The deadline for filing your self-assessment tax deadline is tomorrow and risk a fine from HMRC if you miss it. This year's deadline is for the 2023-24 tax year, and HMRC warns that if you fail to ...
In the tax year ending March, 31 2024, HMRC brought in an extra £285million in tax from investigations into the underpayment of Inheritance tax – 14% up on £254million collected from ...
I haven't had a letter from HMRC saying that I have to do a tax return this year and all my earnings are PAYE. Angharad Carrick, of This Is Money, says: If you don't earn any income outside of ...
I then received a tax demand from HMRC for the interest accrued in the 2023/24 tax year, even though the bond is not due to mature until later. In my case, it means paying out £1,300 years ...
The taxman is set for another record year when it comes to inheritance tax (IHT). HMRC collected £6.3 billion in the first nine months of the tax year. This figure is up more than 10% compared to ...
So, for example, they could withdraw £500 one month, £2,000 the next month, and nothing for the rest of the year. Pension withdrawals are subject to income tax, bar the 25% tax-free cash.
But the First Tier Tribunal dismissed his appeal. The judges said that he had filed tax returns in previous years and should have notified HMRC that he was no longer self-employed in the UK or lea ...
Unfortunately, what we have instead is a tax authority excavating its way to new lows in service levels every year. “Worse, it seems to be degrading its own services as a matter of policy. HMRC ...
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