HMRC Set to Tax Over Two Million UK Households, Average Bill Hits £2,300 Friday, May 15, 2026 hmrc tax savings interest allowance personalallowance personalsavingsallowance taxbands ukfinance income HM Revenue & Customs (HMRC) is poised to charge over two million UK households an average of £2,300 in tax on their savings, according to recent data. A Freedom of Information request has revealed that the number of … Read More
HMRC Launches 10-Year, £175 Million AI Initiative to Combat Tax Fraud and Errors Friday, May 15, 2026 hmrc quantexa ai taxfraud dataintegration digitaltransformation publicsector frauddetection taxcompliance artificialintelligence HM Revenue and Customs (HMRC) has embarked on an ambitious 10-year journey to enhance its operations by signing a £175 million deal with UK-based technology company Quantexa. This landmark agreement seeks to harness … Read More
1.7 Million State Pensioners Potentially Overcharged by HMRC Due to Calculation Error Thursday, May 14, 2026 pension hmrc taxation statepension selfassessment refunds dwp retirees taxreturns overcharge Over 1.7 million state pensioners in the UK may have been overcharged on their taxes due to a significant mistake by HM Revenue and Customs (HMRC). Typically, retirees whose income comes solely from the State Pension, … Read More
HMRC Clarifies Council Tax Obligations for Residents Living on Boats Wednesday, May 13, 2026 hmrc counciltax houseboat residence greenparty zackpolanski taxlaw boating property london Green Party leader Zack Polanski has acknowledged the possibility that he may not have paid the correct council tax while living on a houseboat moored in east London. Questions had arisen about whether the houseboat … Read More
HMRC Confirms £3,160 Average Repayments for Thousands of UK Pensioners Tuesday, May 12, 2026 hmrc pensions taxrepayments flexiblewithdrawals retirement taxcode nmpa pensionage uktaxes pensionlaw HMRC has repaid thousands of pounds to UK taxpayers who were overcharged on tax related to flexible pension withdrawals. Between January and March 2026, 13,942 approved claims were submitted to recover excess tax payments, … Read More
HMRC to Crack Down on Major Tax Loophole Affecting UK Households Tuesday, May 12, 2026 hmrc tax inheritance capitalgains iht cgt taxation loopholes regulation compliance HM Revenue & Customs (HMRC) is launching a significant crackdown on a widely used tax loophole among UK households, targeting high-net-worth individuals who benefit from inheritance tax (IHT) and capital gains tax (CGT) … Read More