HM Revenue and Customs (HMRC) has outlined 10 valid reasons that could save you from a £100 penalty for missing the self-assessment deadline. A reasonable excuse is defined as an unforeseen ...

Mr Thompson appealed to the First-tier Tribunal, arguing HMRC should have known his income and informed him earlier of his exposure to the charge. He said it was “unfair” to penalise his ...

Chris Boulet, a Tax Partner at the firm, said: “If any tax due by 31 January 2025 is not paid in time, HMRC will charge interest. This is currently at a rate of 7.75% per annum, from the due ...

Savers with £3,500 or more tucked away could be hit with an unexpected tax demand from His Majesty's Revenue and Customs (HMRC ... result in a £40 tax charge. There are several potential ...

HM Revenue and Customs (HMRC) is alerting Brits that that they have just two months left to bolster their State Pension funds. People have until April 5 to plug any gaps in their National ...

HM Revenue and Customs (HMRC) is alerting Brits that that they have just two months left to bolster their State Pension funds. People have until April 5 to plug any gaps in their National ...

Businesses pay hundreds of millions of pounds more and are losing trust in HMRC, reports the National Audit Office today (Monday). Whitehall’s spending watchdog, the National Audit Office (NAO ...

Although the tax rules haven't changed, platforms such as Vinted and other online marketplace's must now report certain information to HM Revenue and Customs (HMRC). HMRC has highlighted that the ...

Businesses pay hundreds of millions of pounds more and are losing trust in HMRC, reports the National Audit Office today (Monday). Whitehall’s spending watchdog, the National Audit Office (NAO) also ...

With the end of the tax year approaching, people who are employed or receiving a pension may find themselves on the receiving end of a seemingly intimidating HMRC letter. Known as Simple ...

HMRC has issued an urgent two-week warning for millions of taxpayers to submit their self-assessment. You may need to file a self-assessment if you are self-employed, or you earned extra income ...