At the time of writing, there are just 74 days left until the end of the tax year. Which begs the question, if HMRC can’t get its houses in order, is it fair to expect everybody else to be on ...

HM Revenue and Customs (HMRC) continue to face increasing costs and challenges as it presses on with becoming a fully digital tax authority, according to a National Audit Office (NAO) report.

The letters, known as Simple Assessment Letters or Tax Calculation Letters, are typically sent out between June and March.

In the tax year ending March, 31 2024, HMRC brought in an extra £285million in tax from investigations into the underpayment of Inheritance tax – 14% up on £254million collected from ...

The deadline for filing your self-assessment tax deadline is tomorrow and risk a fine from HMRC if you miss it. This year's deadline is for the 2023-24 tax year, and HMRC warns that if you fail to ...

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 ...

I haven't had a letter from HMRC saying that I have to do a tax return this year and all my earnings are PAYE. Angharad Carrick, of This Is Money, says: If you don't earn any income outside of ...

Banks automatically inform HMRC about the amount of interest they have paid out on savings. A basic rate taxpayer can earn £1,000 of interest in a single year before they are liable to pay tax on it.

I then received a tax demand from HMRC for the interest accrued in the 2023/24 tax year, even though the bond is not due to mature until later. In my case, it means paying out £1,300 years ...

So, for example, they could withdraw £500 one month, £2,000 the next month, and nothing for the rest of the year. Pension withdrawals are subject to income tax, bar the 25% tax-free cash.

HMRC will contact anyone who has made over 30 sales in a year or earned more than £1,700. However, surpassing these thresholds does not necessarily mean you owe tax on those earnings. HMRC ...

But the First Tier Tribunal dismissed his appeal. The judges said that he had filed tax returns in previous years and should have notified HMRC that he was no longer self-employed in the UK or lea ...