HMRC Automatic £100 Fines for 1 Million Taxpayers
Up to one million UK households face escalating penalties up to £900 for missing the January 31 tax return deadline, with HMRC warning of daily charges and additional percentage-based fines.
Category : Finance Banking
HMRC Urges Households to Act on Missed Tax Deadline
Households who missed the Self Assessment tax deadline have been urged to file online immediately and pay any tax owed, with HMRC warning against calling them directly. Penalties for late submission start at £100 and increase significantly over time.
HMRC's New £200 Penalty Points System for Late Taxpayers
Households are being alerted to a new £200 charge from HMRC as part of a revamped penalty points system for late tax payments, replacing the old automatic fines with a fairer structure.
Amazon's 4K Dashcam Drops to £54.99 with Dual Recording
A limited-time Amazon deal slashes the price of the GKU 4K dashcam by 35%, offering dual front and rear recording, 5GHz Wi-Fi, and a free SD card for enhanced driving safety.
Lloyds Bank Birmingham Branch Closure Set for 2026
A Lloyds Bank branch on Harborne High Street in Birmingham is scheduled to close on October 8, 2026, as part of a broader trend of branch closures across the UK driven by the shift to digital banking.
180 Birmingham Families Could Be Heirs to Unclaimed Estates
A new study shows 180 unclaimed estates in Birmingham, with a law firm urging residents to check for potential inheritances before time limits expire.
Lloyds Banking Group Closes 95 UK Branches by 2027
Lloyds, Halifax, and Bank of Scotland announce 95 branch closures between May 2026 and March 2027, citing shift to digital banking. 15 new banking hubs will open to maintain cash access.
Rachel Reeves Bans Unfair Mobile Contract Price Hikes
Chancellor Rachel Reeves announces a ban on unexpected mid-contract price increases for mobile phone customers, following a meeting with major telecoms firms at Downing Street.
NS&I Urges Premium Bonds Customers to Check for Unclaimed Prizes
NS&I is urging Premium Bonds holders to check their accounts for unclaimed prizes, with over 2.7 million prizes worth £114 million waiting to be claimed since 2006.
Bank Customers Missing £300 by Not Switching Accounts
Customers of Barclays, HSBC, and Lloyds are warned they could be missing out on up to £300 annually due to low interest rates on easy-access savings accounts compared to challenger banks.
Britney Spears Sells Music Catalogue for $200 Million
Britney Spears has sold her music catalogue to Primary Wave for an estimated $200 million, with her net worth at $40 million and potential UK and Australia tour plans.
Barclays Consumer Spending Shows Growth in Key Sectors
Barclays' latest consumer report reveals increased spending on clothing, health, beauty, and entertainment, with stable confidence in household finances.
BNPL Gains FCA Protections, But Credit Score Risks Loom
The Financial Conduct Authority will regulate Buy Now Pay Later from July 15, introducing stronger consumer protections. However, experts warn that excessive BNPL use can negatively impact credit scores and mortgage applications.
FCA Proposes Early Pension Access for Emergencies
The Financial Conduct Authority suggests allowing limited early access to pension pots for emergencies, citing international examples and economic benefits of older workers.
Check Your Old 1p and 2p Coins for Hidden Value Now
Brits are urged to search their wallets and drawers for pre-1992 1p and 2p coins, as their copper content and rare collectible versions can make them far more valuable than face value.
HMRC Urges Action on Missed Self Assessment Deadline
HMRC warns UK households who missed the January 31 Self Assessment deadline to file immediately to avoid penalties. The tax authority advises online filing and registration for first-timers.
UK Banks Pay Up to £750 for Account Switching
Over a million UK customers switched current accounts last year, with seven major banks now offering cash incentives up to £750 to attract new business.
New Buy Now Pay Later Rules Start July 2026
The Financial Conduct Authority will regulate Buy Now Pay Later from July 15, 2026, introducing affordability checks and consumer protections for 11 million users.
Investors Pull Millions from Hargreaves Lansdown Over Fees
Hargreaves Lansdown customers are withdrawing tens of millions ahead of March fee changes, with rivals reporting record switches as the investment giant overhauls its pricing structure.
One Million Risk £900 HMRC Fines Over Tax Deadline
HMRC warns one million taxpayers about automatic fines reaching £900 for late Self Assessment returns, with penalties increasing over time and interest accruing on unpaid tax.
Five UK Banks Offer £225+ Switching Bonuses via MSE
Martin Lewis' MoneySavingExpert highlights HSBC, Nationwide, TSB, Santander, and First Direct switching offers providing up to £500 in cash and perks for customers.
State Pension Rise: £575 Extra for New Pensioners
Parliament has approved a 4.8% state pension increase, giving new pensioners up to £575 more per year from April 6, while the pension age rises to 67.
Lloyds and NatWest Closing 72 UK Banks in 2026
Lloyds Bank and NatWest announce the closure of 72 branches across the UK in 2026, citing changing customer habits towards digital banking.
HSBC Deadline: 2 Weeks to Claim £750 Cashback
HSBC warns customers they have until February 23, 2026 to open a Premier account and transfer funds to qualify for cashback offers worth up to £750.
Double Taxation Due to Confusing HMRC Rule
A taxpayer reveals being double-taxed on savings for years after discovering HMRC automatically splits joint account interest, highlighting widespread confusion.
Nationwide Launches Electronic Mortgage Deed Signatures
Nationwide Building Society becomes the first UK lender to accept Qualified Electronic Signatures for mortgage deeds, aiming to speed up homebuying while facing industry readiness concerns.
Ramsdens Boosts Profit Forecast Amid Gold Price Surge
Teesside-based pawnbroking and jewellery chain Ramsdens has revised its pre-tax profit expectations upwards by over £2 million, citing soaring gold prices and strong business performance across its diversified operations.
Ford Fiesta Tops UK Used Car Sales Despite Axe
The Ford Fiesta remains Britain's best-selling used car in 2025, with over 300,000 sales, significantly outpacing rivals like the Vauxhall Corsa and Volkswagen Golf.
HMRC £200 Fines for Quarterly Tax Returns
HM Revenue & Customs will impose £200 penalties on taxpayers who miss quarterly filing deadlines under new Making Tax Digital rules starting April 6.
New UK Vaping Duty Mandatory from 2027
HMRC announces mandatory Vaping Products Duty from October 2026 and duty stamps from April 2027, urging businesses to prepare now for registration starting April 2026.
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