Category : Search result: HMRC risk assessment


Winter Fuel Payment Tax Rules: New HMRC Update

HMRC says state pensioners should not include Winter Fuel Payment on current tax returns. Repayment required if income exceeds £35,000, but not until 2027. Get the full details.

HMRC penalty change for 12 million UK taxpayers

HMRC announces a cut to the late payment interest rate for Self Assessment returns. Over 12 million face fines if they miss the January 31 deadline. Act now to avoid penalties.

Mid-Year CGT Change Poses Tax Return Risk

A mid-year Capital Gains Tax rate change for 2024/25 means UK taxpayers must manually calculate liabilities. Experts warn of errors and potential HMRC disputes. Check your return now.

New HMRC rule: Landlords face 10 tax returns

UK landlords earning over £50,000 must file quarterly digital tax summaries from April under HMRC's Making Tax Digital. Learn key deadlines and expert advice to avoid confusion.

HMRC Tax Calculator Error Risks Fines for Workers

HMRC's self-assessment tax calculator uses outdated data, failing to reflect recent Capital Gains Tax hikes. Experts warn this could lead to incorrect filings and penalties. Discover how to protect yourself.

State pensioners get tax return boost from HMRC

HMRC clarifies that Winter Fuel Payments do not need declaring on Self Assessment tax returns, offering relief to pensioners. Over 5.6 million still need to file by the deadline to avoid penalties.

294 UK shops at risk as two major chains collapse

Two major UK high street chains, Claire's and The Original Factory Shop, have collapsed into administration, putting 294 stores and 2,500 jobs at risk. See the full list of locations affected.

BRCA2 duo take on Macmillan Mighty Hike to thank charity

Ali and Steph from Hackney, both carrying the BRCA2 gene, are taking on a marathon hike for Macmillan Cancer Support after the charity aided Steph's breast cancer journey. Their story highlights vital support services.

HMRC 'Trivial' Tax Letters Hit 300,000 Homes

HMRC issued a record 1.32 million 'simple assessment' tax demands last year, with 317,000 for £100 or less. Experts criticise the costly bureaucracy. Read the full analysis.

HMRC change risks millions underpaying tax

A mid-year HMRC change to Capital Gains Tax rates means millions filing self-assessment risk underpayment. Experts warn over 12 million must submit returns by 31 January.

2m Pensioners to Get HMRC Tax Letters

Over 1.3 million people received unexpected tax bills last year, with figures set to hit 2 million. Find out why pensioners are being targeted.

HMRC warns 5.65m over Self Assessment deadline

HMRC urges nearly 5.65 million people to file their Self Assessment tax return before the 31 January deadline to avoid an immediate £100 penalty. Online help is available on GOV.UK.

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