The Personal Allowance allows a basic rate taxpayer to earn up to £1,000 interest per year tax-free but this only applies if ...

HMRC has shared an important warning to anyone with over £3500 stashed in the bank, as they could be hit with an unexpected ...

Labour Party government's tax arm explained thousnads of savers are risk of 'significant' bills in the 'upcoming months' due ...

Savers with £3,500 or more are being alerted to the possibility of an unexpected tax demand from His Majesty's Revenue and ...

People with £3,500 or more in savings are being warned they could face an unexpected tax bill from His Majesty’s Revenue and ...

The Personal Savings Allowance allows basic-rate taxpayers to earn up to £1,000 in savings interest a year without paying tax ...

The Personal Savings Allowance means that you can only earn a certain amount in interest each year before being taxed on it ...

HMRC automatically knows how much interest you earn on your savings in bank accounts and if you owe additional tax ...

HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is ...

HM Revenue and Customs (HMRC) has said some people may have £2,000 or more in a bank account that they don't know about. It ...

HMRC states on its website: 'Interest "arises" when it is received or made available to the recipient. Interest has been made available if it is credited to an account on which the account holder ...

From tomorrow, a £100 penalty automatically applies and repayment interest rates will start being added onto the outstanding ...