The Personal Allowance allows a basic rate taxpayer to earn up to £1,000 interest per year tax-free but this only applies if ...
Savers have been warned they could be hit with a surprise tax bill this spring because HMRC normally sends out P800 letters, ...
Savers with £3,500 or more are being alerted to the possibility of an unexpected tax demand from His Majesty's Revenue and ...
Under HMRC guidance, you're entitled to a tax-free personal allowance. For those earning under £100,000 with no taxable perks ...
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 means that you can only earn a certain amount in interest each year before being taxed on it ...
HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is ...
HMRC automatically knows how much interest you earn on your savings in bank accounts and if you owe additional tax ...
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 ...
To claim a CTF, young individuals should first ascertain which provider holds their account. The government's online tool can aid in locating the CTF using just a National Insurance Number and a date ...