News
HMRC Making Tax Digital warning for self-employed and landlords
14+ hour, 28+ min ago (317+ words) HMRC Making Tax Digital warning for self-employed and landlords'Birmingham Live Britons are being alerted to a significant HM Revenue and Customs ( HMRC ) amendment arriving this April, with only weeks remaining before the fresh regulations take effect The forthcoming changes will…...
HMRC scraps new tax rules for UK households with thousands set to be spared
6+ mon, 1+ week ago (327+ words) HMRC has dropped new rules for UK households who pay corporation tax. The tax arm has released its "transformation roadmap, with small section of the lengthy document confirming Making Tax Digital (MTD) for Corporation Tax has been scrapped. Making Tax…...
HMRC warning as workers could lose £560 in tax changes
8+ mon, 1+ week ago (419+ words) Proposals have been put forward which could see higher taxes Proposals to change pension payments could see workers hit with an extra "560 in taxes. Currently, workers in the UK can take advantage of a tax relief on their pension contributions....
Millions of UK households warned they are 'sleepwalking' into breaking HMRC rule
8+ mon, 1+ week ago (331+ words) Millions are sleepwalking into unexpected bills due to Rachel Reeves's and the Labour Party government's raid on state pensions. Pensioners are paying more to HMRC under fiscal drag with annual hikes to state pension payment rates pulling older UK households…...
HMRC rule change means thousands earning over £50,000 'must keep records"
9+ mon, 1+ week ago (338+ words) A HMRC change looks set to hit millions of self-employed and landlords from next month. Sole traders and landlords with an income over "50,000 will be required to use Making Tax Digital (MTD) for Income Tax under a Labour Party government…...
HMRC issues £4,000 warning to millions of workers who claim expenses
11+ mon, 3+ week ago (350+ words) HMRC explained: "If it turns out you aren't eligible to claim, you're still responsible for any claims made on your behalf. We'll help you understand how to check if you're eligible to claim, what you can and can't claim for,…...