COGNICURRENT

More than 1.4 million basic rate taxpayers in the UK are facing an average £641 tax bill on savings interest due to rising taxation, according to new HMRC data.

Midland Skip Hire Limited, a Nottinghamshire skip hire firm established in 2002, has gone into liquidation following a winding-up order from HMRC, leading to job losses and insolvency proceedings.

UK workers are advised to take immediate action regarding a potential tax bill of £641 on their savings interest following new HMRC data indicating a significant increase in those affected.

A BBC expert warns that people are receiving important letters from HMRC that require attention, especially concerning financial obligations.

The UK tax authority HMRC has issued a warning to remote workers about the importance of properly claiming tax relief on work-related expenses.

HMRC is notifying pensioners about the need to repay the Winter Fuel Payment of up to £300 if their annual income exceeds £35,000.

HMRC advises pensioners to wait until the end of the tax year to reclaim overpaid tax on pensions, following inquiries about tax refunds.

HMRC has issued a warning to pensioners to update their tax details within 15 days to avoid paying incorrect amounts of tax.

People nearing retirement will encounter a significant change in ISA savings rules starting April 2027, affecting their tax-free savings options.

Martin Lewis explains how married couples can increase their tax-free Personal Allowance through HMRC's Marriage Tax Allowance.

Millions of low-income families in the UK could soon benefit from a permanent Government scheme that offers cash bonuses for savings under the Help to Save initiative.

UK workers who wear uniforms can claim tax back for expenses related to their work clothing from HMRC, potentially reclaiming hundreds of pounds.

Millions of UK families are at risk of losing up to £2,000 in government assistance from HM Revenue and Customs (HMRC) due to a three-month warning regarding the Tax-Free Childcare scheme.

The UK Treasury has updated taxpayers on the issuance of National Insurance documents and encouraged them to check their contribution records ahead of upcoming changes.

HMRC has reminded eligible individuals that they could claim up to £2,200 from Child Trust Funds set up for those born between September 1, 2002, and January 2, 2011.

Former minister Jim McMahon criticizes the UK government for not updating outdated mileage rates, which have remained unchanged for 15 years, disadvantaging NHS and care staff.

Labour MP Jim McMahon is urging the government to increase the HMRC mileage payment rate for low-paid frontline workers, highlighting that the current rate hasn't been updated since 2011.

HMRC has reached out to families, reminding them of their potential eligibility for Child Benefit payments which can exceed £100 a month.

A UK recruitment firm that declared bankruptcy while owing nearly £3 million, including £650,000 to HMRC, promises an all-expenses-paid trip to Las Vegas for its staff after being repurchased by its former owner.

A record number of young taxpayers in the UK became millionaires in the last year, with earnings driven by influencers and high-salary professions.

HMRC has issued a warning to UK citizens to be cautious about accessing their private pensions due to potential tax liabilities.

HMRC reminds the public to check for potential tax refunds they may be owed due to overpayment.

Many UK residents investing in cryptocurrencies are warned by HMRC about potential penalties for not declaring their profits for tax purposes.

HMRC has issued guidance clarifying how taxation on state pension benefits is affected by changes in pension amounts due to the triple lock policy.

HMRC has urged British taxpayers who missed the Self Assessment tax deadline to file online without delay.

HMRC reports that 758,000 young people have yet to claim their Child Trust Fund payments, which could average £2,242 each, and is encouraging them to do so during National Apprenticeship Week.

HMRC is encouraging individuals claiming Universal Credit to check their eligibility for a savings account that offers a 50% bonus.

The HMRC is alerting 758,000 young individuals to claim their Child Trust Funds during National Apprenticeship Week, with each fund potentially worth up to £2,242.

Eligible individuals in the UK can receive up to £1,200 in bonus payments from HMRC's Help to Save scheme by meeting specific criteria and saving monthly for four years.

Financial experts are advising UK workers to prepare for significant changes to income tax regulations coming into effect in April.

HMRC has issued a warning for taxpayers to review their payslips as discrepancies may exist between paid taxes and tax records.

HMRC has announced upcoming adjustments to tax records for state pensioners in response to a 4.8 percent increase in pension payments scheduled for April.

Thousands of families in the UK are facing unexpected bills due to changes in Child Benefit rules, with the number affected set to rise significantly by 2031.

HMRC warns that many individuals may receive lower state pensions than expected due to issues with its online pension forecast tool.

HMRC alerts over 864,000 sole traders and landlords to prepare for new income tax changes set to take effect in April 2026, requiring them to maintain digital records and submit quarterly updates.

HM Revenue and Customs has announced that one million people who missed the January 31 Self Assessment tax return deadline will face a £100 fine starting this week.

New figures indicate that many British pensioners may be eligible for nearly £4,000 in tax refunds from HMRC due to overpaid taxes on their pension lump sum withdrawals.

HMRC has announced changes to ISAs, following the Chancellor's budget, that will reduce annual deposits from £20,000 to £12,000 starting April 2027.

HMRC has issued an apology after its helplines were closed for two and a half hours due to technical issues, while 5.65 million taxpayers face potential £100 penalties as the self-assessment deadline nears.

Starting from April 2026, millions of remote workers will lose the ability to claim tax relief on additional household expenses incurred from working at home, including costs for energy and broadband.

HMRC has announced that its telephone helplines are temporarily closed due to a technical fault and is working urgently to resolve the issue while advising customers on alternative support options.

Claimants of Carer's Allowance and state pension are being advised to ensure their personal details are correct to avoid unexpected tax bills from HMRC.

Reselling items during New Year’s decluttering may lead to tax issues if certain conditions are met, as users take advantage of online platforms.

HMRC officials briefed MPs on significant upcoming changes to tax policies, including ISAs and pensions, during a meeting with the Treasury Committee.

HMRC has announced significant changes to the taxation of state pensioners, ensuring that those relying solely on the basic or new State Pension will not pay small amounts of tax starting from 2027-28.

HMRC revealed that 71% of parents whose child benefit was suspended in a fraud crackdown were legitimate claimants, not fraudsters.

Thousands of families experienced sudden suspension of Child Benefit payments as HMRC halted claims in an anti-fraud initiative, despite recognizing potential wrongful classification of parents.

A new HMRC warning indicates that many British workers may lose access to free childcare due to a change in tax thresholds, with an increase in six-figure earners projected.

HM Revenue and Customs is warning individuals about a looming January deadline for tax returns, where failure to comply could result in a £100 penalty.

A government review revealed that approximately 24,000 families wrongly lost their child benefit due to errors from HMRC in an effort to combat fraud.