You could pay the wrong amount of tax if your details are not up to date HMRC has issued a warning to all taxpayers(Image: Getty) HMRC has issued a reminder to taxpayers that the responsibility lies squarely with them to ensure a crucial piece of information is spot-on. Keeping your basic details with the tax
The Motability Scheme helps 815,000 disabled people lease cars, wheelchair accessible vehicles, scooters or powered wheelchairs Major changes were announced last November(Image: Getty Images) The UK Government announced in November that changes to tax exemptions for the Motability Scheme are set to be implemented. The scheme is a vital resource for many disabled people and
HMRC issues three-week alert with immediate penalty even if no tax is owed – Birmingham Live Need to know Taxpayers must file and pay their 2024/25 Self Assessment by January 31, 2026, to avoid automatic financial penalties that apply even if there is no tax to pay, or if the tax due is paid on
The frozen income tax thresholds have led to more than a million extra tax letters, new figures reveal – primarily affecting pensioners and savers Chancellor Rachel Reeves in November extended a tax freeze started in 2021 by the Tories(Image: Getty Images) The freezing of income tax thresholds has resulted in over a million additional tax
If you earn less than £18,570 a year from earned income and savings combined, then all your interest from those savings could be tax-free. UK households can boost HMRC Tax Free Allowance to £18,570(Image: ) UK households can boost their HMRC Tax Free Allowance to £18,570, according to personal finance experts. If you earn less
With the 31 January deadline looming, more than 5.6 million people have yet to file their self-assessment tax returns. According to HMRC, more than 6.36 million people have already submitted their returns, with 91,500 doing so over the festive period. For everyone else, the final rush is now underway. Unfortunately, last-minute number-crunching can lead to
Key Takeaways Tax relief programs help individuals and businesses lower tax bills and settle tax-related debts. Tax credits directly reduce a tax bill and can even provide refunds. Tax deductions reduce taxable income, lowering the overall tax burden. The IRS offers debt relief options like installment agreements and penalty abatements to assist with outstanding taxes.
HMRC can issue penalties running into hundreds of pounds if you don’t send a self-assessment tax return on time – but not everyone needs to file a return Householders are being warned about a HMRC tax deadline(Image: Vetta/ Getty Images) People are being warned they could end up with a hefty fine from HMRC if
MILLIONS of Brits are set to be hit with higher tax bills this year due to a raft of Budget changes that will hit you in the pocket. The Chancellor froze tax thresholds until 2030 in her Budget last year, which means millions of workers will be dragged into higher tax bands. Sign up for
£100 penalties are handed out to those who miss the looming deadline Aditi Rane Senior Reporter and Lee Garrett 04:00, 10 Jan 2026 The deadline is fast approaching – and people should act!(Image: Getty Images) HM Revenue and Customs (HMRC) has issued a warning that 5.65 million people still need to submit their Self Assessment