More than 5.5mn people in UK overpay tax to HMRC

More than 5.5mn people in the UK overpaid tax by a total of £3.5bn in 2023-24, data has revealed, with experts blaming errors ...

HMRC alert as thousands born between these years eligible for ‘hidden’ £2,242 savings

At the age of 16, young people can take control of their accounts. Funds can be withdrawn when they are 18. Latest figures ...
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HMRC urges households to claim £2,242 savings as 758,000 Britons miss out

HM Revenue and Customs (HMRC) is urging hundreds of thousands of young adults to check whether they have unclaimed savings ...
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HMRC to begin taking money from bank accounts in bid to close £47bn tax gap

HMRC has confirmed that it will begin taking money directly from bank accounts in the government’s latest bid to crackdown on unpaid tax. The tax authority says it is rolling out use of the ‘Direct ...

Thousands on Universal Credit to get HMRC bonuses

A bonus is on the horizon for hundreds of thousands of Universal Credit claimants, with cash payments from HM Revenue and Customs (HMRC) potentially reaching up to £1,200. According to recent figures, ...

HMRC loophole that increases Personal Allowance to £18,570

The HMRC loophole that allows savers to increase their Personal Allowance to £18,570 has been extended until 2031.
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New HMRC move ends traditional tax returns for millions starting this year

The UK’s tax system is undergoing its most significant transformation in more than 30 years, as HM Revenue and Customs (HMRC) ...

HMRC warning over 'punitive' charge for people withdrawing money

You can currently deposit up to £20,000 a year into ISAs and divide this allowance between cash accounts, and stocks and ...