HM Revenue and Customs (HMRC) has issued a reminder that the deadline for the second Payments on Account for the 2025-2026 tax year is just one month away, falling on 31 July. Millions of Self Assessment taxpayers are being …
HM Revenue & Customs (HMRC) is preparing to implement significant changes to inheritance tax (IHT) rules that will affect families with substantial pension savings. Under reforms set to take effect from April 6, 2027, most …
HM Revenue and Customs (HMRC) has announced a new nationwide initiative to reclaim Winter Fuel Payments from state pensioners under the age of 80 who earn more than £35,000 annually. This move will affect up to two million …
Under new regulations confirmed by Labour Party Chancellor Rachel Reeves, van owners are facing increased Vehicle Excise Duty (VED) charges to stay legally on UK roads. Starting April 1, 2026, vans registered after March 2001 …
Rachel Reeves, the Labour Party Chancellor, has announced a significant change affecting nearly three million workers with a new £2,000 cap on pension contributions made through salary sacrifice schemes. Set to come into …
HM Revenue & Customs (HMRC) has confirmed a significant shift in inheritance tax (IHT) rules, set to affect an additional 10,500 estates starting from April 2027. This change comes as part of the government’s efforts to …
HM Revenue and Customs (HMRC) has mistakenly overcharged 40,000 graduates on their student loans due to an error in earnings data used to calculate interest rates. This glitch, originating from the tax authority during the …
HM Revenue and Customs (HMRC) has announced a delay and phased implementation for the mandatory real-time reporting of income tax and Class 1A National Insurance contributions (NICs) on specified benefits in kind (BiKs) and …
Billionaire trader Alex Gerko has publicly accused HM Revenue & Customs (HMRC) of ‘gloating’ after losing a significant tax dispute in the Supreme Court. The legal battle centered on the tax treatment of profits generated by …
HM Revenue and Customs (HMRC) has confirmed it overcharged nearly 8.7 million state pensioners due to a calculation error, resulting in an estimated £43.5 million in excess tax collected last year. The error inflated the …
Andy Burnham, the Labour Party candidate for the Makerfield byelection, has voiced concerns about the negative impact of the government’s freeze on income tax bands for state pensioners. Highlighting feedback from pensioners …
HM Revenue & Customs (HMRC) is intensifying its efforts to collect tax from savers, sending £5,000-plus tax demand letters to 144,000 individuals. According to data obtained through a Freedom of Information request, the …
HM Revenue and Customs (HMRC) has implemented new earnings-based rules affecting Winter Fuel Payments for millions of state pensioners. Under this updated regulation, Winter Fuel Allowances will be means-tested against …
A recent Freedom of Information request by Paragon Bank reveals a sharp rise in the number of savers expected to pay £5,000 or more in income tax on their savings interest. HMRC forecasts that 144,000 people will owe at least …
HM Revenue & Customs (HMRC) has announced significant changes to the taxation of pensions when a person dies after reaching age 75. Effective from 6 April 2027, the majority of unused pension funds and pension death benefits …