HMRC Sends Unexpected Tax Bills to 250,000 Households Over Avoidance Schemes Tuesday, May 5, 2026 hmrc tax taxavoidance loancharge umbrellacompanies taxbills finance taxfraud enforcement employment HMRC has begun sending letters to around 250,000 taxpayers it believes have participated in tax avoidance schemes, demanding payment of unpaid taxes. These letters, described by personal finance experts as a “real … Read More
HMRC Set to Collect £700 From 29 Million UK Households Due to Frozen Tax Thresholds Friday, May 1, 2026 hmrc tax personalallowance fiscaldrag inflation incometax taxthresholds pensions ukfinance taxincrease HM Revenue & Customs (HMRC) is poised to collect an additional £700 from millions of UK households, all because tax thresholds have been frozen since April 6, 2021. The personal allowance — the amount of income you can … Read More
HMRC Sends ‘Shocking’ Tax Letters to Over One Million Additional State Pensioners Friday, May 1, 2026 hmrc pensions tax statepension thresholdfreeze incometax retirement taxplanning costofliving pensioners HM Revenue and Customs (HMRC) is set to send tax bills to over one million additional state pensioners this year, a consequence of prolonged tax threshold freezes. Data for the 2023-24 tax year reveals more than 8.16 million … Read More
HMRC Alters Tax Bands, Impacting One Million State Pensioners Friday, May 1, 2026 hmrc tax statepensioners pensions incometax taxbrackets triplelock personalallowances savings chancellor HM Revenue and Customs (HMRC) has adjusted the tax brackets, affecting one million state pensioners. Under the guidance of Labour Party Chancellor Rachel Reeves, this change has resulted in more than 300,000 additional … Read More
HMRC Issues Surprise £180 Child Benefit Payments This Friday Friday, May 1, 2026 hmrc childbenefit payments familysupport benefitcap universalcredit taxcharge education claims government This Friday, HM Revenue and Customs (HMRC) is set to deposit £180 into the bank accounts of Child Benefit claimants. These payments come as part of the Labour Party government’s increased Child Benefit rates for 2026 to 2027. … Read More
Eight Million State Pensioners Face Rising Tax Bills Due to 2021 HMRC Rule Friday, May 1, 2026 hmrc pensions taxation fiscaldrag income-tax pensioners inflation tax-thresholds uktax higher-rate HMRC’s decision to freeze income tax thresholds since 2021 is impacting over eight million state pensioners, causing many to face higher tax bills. Recent HMRC data reveals that 8.2 million people of state pension age are now … Read More