Tag: HMRC
Pension update as HMRC threatens huge 70% tax on lump sum
Savers who took out a lump sum to re-invest after this date could face a nasty surprise from the taxman. …
HMRC issues alert as thousands of young people could be owed £2,240
The Government is encouraging young people aged 16 to 18 to check if they have money waiting for them. …
Check if you’re owed £2,242 by HMRC as 758,000 Britons told to make a claim
People aged between 18 and 23 could be sitting on a ‘savings payout’, according to HMRC …
HMRC issues one-week deadline to taxpayers – ‘check here’
HM Revenue & Customs has taken to X to announce the deadline for anyone completing a self-assessment tax return for the first time. …
HMRC taking money from people with over £5,000 in bank account
HMRC will use powers to go into people’s bank accounts to take money. …
HMRC confirms 4 reasons why it can take money from people’s bank accounts
The department has resumed its practice of directly recovering unpaid taxes from individuals’ bank accounts. …
HMRC giving £1,200 bonus payment to people on 1 DWP benefit
Certain people claiming a DWP benefit can receive a bonus payment worth up to £1,200. …
HMRC to raid Cash ISAs with £5,000 or more and take money ‘directly’ from account
HMRC will use powers to go into people’s bank accounts to take money from Cash ISAs which have £5,000 or more in. …
HMRC alert to over 500,000 Brits in line for £1,200 boost – are you eligible?
Brits are being urged to sign up to the scheme which is open until 2027. …
HMRC issues Income Tax warning to people earning over £20,000
Those earning over £20,000 from certain income sources will have to make a change by the deadline, HMRC says. …
