HM Revenue and Customs
The latest news, updates and opinions on HM Revenue and Customs from the expert team here at MoneyWeek
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HMRC rewarded tax informants with £850,000 as record fraud tip-offs sent to taxman last yearThe taxman was tipped off about 164,670 cases of alleged fraud last year, but total rewards given to snoops fell in the 2024/5 tax year.
By Daniel Hilton Published
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HMRC savings tax crackdown: More workers to pay tax directly from their wagesBanks and building societies will be required to obtain National Insurance numbers from savers to make it easier for HMRC to tax those who breach their personal savings allowance
By Ruth Emery Published
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Inheritance tax investigations catch out 1200 more families in HMRC crackdownWhere there is a suspicion inheritance tax has been underpaid, HMRC has extensive powers to check the deceased individual’s financial affairs and chase what is owed. Will you pay more?
By Laura Miller Published
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Don’t miss 31 July ‘payment on account’ tax deadlineMany self-employed people have a second tax payment deadline. With an 8.25% interest charge on late payments, it’s important to pay your bill on time
By Ruth Emery Last updated
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Tax return: HMRC’s payments on account deadline is approaching – here is why it is unfair for the self-employedSelf-assessment taxpayers have just under a week to pay the latest instalment of their tax return, but is the charge fair? Marc Shoffman explains why this is hurting self-employed people
By Marc Shoffman Last updated
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Self-assessment tax scam warnings raised ahead of tax return deadlineSelf-assessment tax scams are on the rise according to HMRC. We look at the common scams and how to safeguard yourself
By Marc Shoffman Last updated
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Tax return deadline: act now to get your paper tax return in by 31 OctoberWe explain who needs to complete a self-assessment tax return, common mistakes to avoid - and what to do if you miss the deadline
By Ruth Emery Last updated
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HMRC crackdown on workers who earn extra income comes into force - what tax do you need to pay?New rules have come into effect allowing the taxman to get a closer look at the extra income people are making through selling items online or renting out properties on Airbnb. We explain what it may mean for your tax bill.
By Ruth Emery Last updated
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Inheritance tax receipts rise by £500m as Chancellor mulls cutsNews More estates are paying inheritance tax but there are ways to reduce the bill without waiting for reforms
By Marc Shoffman Published
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