1,300 Seek HMRC Tax Digital Exemption, 200 Denied
New figures reveal that 1,300 individuals have applied for exemption from HMRC's Making Tax Digital rules, with over 200 already denied as the system launches this spring.
New figures reveal that 1,300 individuals have applied for exemption from HMRC's Making Tax Digital rules, with over 200 already denied as the system launches this spring.
Nationwide, Lloyds, and NatWest customers are being alerted to significant changes in contactless spending limits, with the £100 cap being removed from March 19, potentially allowing higher single-tap transactions.
Money Saving Expert Martin Lewis warns a state pension error from 1978 to 2010 may entitle parents and carers to back payments of thousands, urging immediate checks.
New advisory fuel rates for petrol, diesel, and electric company cars will be implemented by HMRC starting March 1, 2026, maintaining current mileage payment structures for business travel reimbursement.
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RecommendedVirgin Media is providing automatic discounts on broadband bills for select customers nearing contract ends, with some deals extended for another 12 months without negotiation required.
Lloyds Bank customers have reported a frustrating £83 service charge, prompting the bank to respond on social media. The bank explains fees vary by account type and usage, and advises affected customers to contact them directly for potential refunds.
New HMRC Making Tax Digital rules will require self-employed workers and landlords to file financial updates up to 13 times per year, with penalties for non-compliance.
Three mobile provider is correcting contract documents for UK customers due to a technical issue and offering a 30-day penalty-free cancellation window.
A growing number of UK households are using the AI-powered service Nous to automatically manage contracts and find savings on energy, broadband, and mobile bills, claiming average savings of £534 per switch.
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RecommendedThe best-selling AstroAI digital tyre inflator is now available for just £15.98 on Amazon with a 20% discount. This portable air compressor runs via car cigarette lighter and includes accessories for various inflatables.
UK state pensioners can boost household income by using HMRC's Marriage Allowance, transferring unused tax-free allowance to reduce collective tax liability and secure savings.
Chancellor Rachel Reeves has confirmed new state pension rates for 2026/27 under the triple lock system, with payments increasing from April. However, the amount received varies significantly depending on age and pension type.
UK households selling items on platforms like Vinted and eBay must declare earnings over £1,000 annually to HMRC or risk criminal investigation, experts warn. New data-sharing agreements mean tax authorities now monitor high-volume sellers closely.
HMRC is urging over 860,000 sole traders and landlords to comply with the new Making Tax Digital system, even if they don't receive a letter, with thresholds starting at £50,000 this April.
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RecommendedHMRC is writing to over 860,000 sole traders and landlords about the new Making Tax Digital system, but warns that even those who don't receive letters must comply with the legal requirements starting this spring.
Lloyds Bank has discontinued cheque deposits at Post Offices, impacting millions. Customers can still use mobile apps, cash services, and a new freepost option.
A small business owner received a £42,000 bill from O2 for data roaming charges during a holiday in Morocco, sparking a warning about uncapped fees in phone contracts.
The HMRC has increased the tax-free personal allowance to £20,070 for some individuals. Additionally, the Rent a Room scheme allows up to £7,500 in annual rental income tax-free, with specific conditions for joint lettings and property types.
Government officials have announced upcoming legal reforms affecting Nationwide Building Society customers, with statutory instruments expected before summer recess.
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RecommendedUK households waste £39 monthly on unused direct debits. Redirecting this money into pensions could add £37,000 to retirement funds, according to Standard Life analysis.
A surge in savings deals to record highs contrasts sharply with declining average interest rates, prompting financial experts to warn savers against complacency and inflation erosion.
Lloyds Bank will shut 14 branches across the UK in March 2026, continuing the trend of banks leaving high streets. The closures will leave 610 branches remaining, with alternatives like online banking offered.
Consumer group Which? reveals how avoiding five common pension errors could increase your retirement savings by £37,000. Learn about delaying planning, cutting contributions, and losing track of old pots.
New FCA rules bring Buy Now Pay Later firms under strict oversight, requiring affordability checks and consumer protections for 11 million users.
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RecommendedThe Personal Tax-Free Allowance has been increased by £1,250 for households earning under £50,000, with the Marriage Allowance enabling tax savings of up to £252.
UK drivers are advised that Costco consistently offers the lowest fuel prices, undercutting major supermarkets like Tesco and Asda, with diesel 13p per litre cheaper than BP's national average.
Major energy suppliers including British Gas, EDF, EON, Ovo, and Octopus must pay £40 automatically if they fail to meet new service standards for smart meter installations starting Monday.
UK households earning under £18,570 annually from combined income and savings may qualify for tax-free interest on all savings, with experts explaining complex allowances.
New research from Confused.com reveals that adding a spouse or partner to your car insurance can save drivers an average of £315 annually. Experts explain how sharing the driving risk leads to lower premiums.
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RecommendedHMRC is contacting nearly 900,000 individuals with savings over £3,500 as part of a review into untaxed interest. Personal finance experts explain the Personal Savings Allowance rules and what recipients should do if they receive a letter.