News

HMRC sending new tax codes to people with savings
A new tax year has begun and with it HMRC will take the opportunity to adjust the tax codes of thousands, possibly millions, ...
HMRC tax demand letters set to be issued for state pensioners born before 1953
Millions of state pensioners born after 1951 are set to pay tax to HMRC. HMRC says the Personal Allowance is set to remain at ...
HMRC sending out tax bills to millions of people with savings accounts
Thousands of individuals with savings accounts are bracing for an unexpected tax bill from HMRC following the conclusion of ...
HMRC issues warning to anyone who's paid tax in last 20 years as it combs back through records
The taxpayer reached out via Twitter, now X, to discuss "a mistake" in their tax calculation with a 20-year cut-off for adjusting the code, as they sought to have it rectified.
Bristol Post21d
HMRC explains 4-year rule for income tax, National Insurance, capital gains tax
The person asked: "I understand that if you believe HMRC made a mistake in your tax calculation for a specific ... "What happens in a scenario where, for example, for tax year 2000/01, HMRC ...
Manchester Evening News28d
HMRC savings interest tax rules and when you need to report
Some savers could find themselves subjected to tax if they're lucky enough to generate enough interest. HM Revenue and Customs (HMRC ... you will be sent a tax calculation letter.
Daily Express4d
HMRC sending surprise tax bills to people with savings accounts
For example, £5,000 fixed at 5% for ... “At the end of each tax year, HMRC send customers an End of Year Tax Calculation - P800 if they have under or overpaid their taxes.