News
HMRC reminder to self-employed Brits as new tax deadline looms
21+ hour, 33+ min ago (417+ words) Workers in the UK have been reminded of a major tax change coming into effect soon. HM Revenue and Customs (HMRC) advised that self-employed people will have to use a new system come April. The change applies to self-employed people…...
HMRC confirms rate change to take effect today
6+ mon, 3+ day ago (278+ words) The tax office has confirmed new interest rates for late payments, taking effect from today. This follows the Bank of England's decision earlier this month to cut its base rate from 4.25% to 4% on August 7. Late payment charges are interest fees…...
HMRC major tax change to affect over a million people within months
6+ mon, 6+ day ago (328+ words) Many self-employed people are set to see major tax changes from HM Revenue and Customs (HMRC) next year. Self-employed people who own their own business, otherwise known as sole traders - who also earn over "50,000 - will soon be required to use…...
HMRC confirms new income tax change from April for Brits earning over £50k
7+ mon, 1+ week ago (264+ words) A sweeping change to the UK tax system is coming for landlords and sole traders, with hundreds of thousands set to be affected. Starting April 6, 2026, anyone with total self-employment or property income over "50,000 will be required to comply with new…...
HMRC issues urgent tax message to people with £1,000
7+ mon, 2+ week ago (396+ words) HM Revenue and Customs (HMRC) has issued an urgent tax message to anyone who makes at least "1,000 of earnings from a "side hustle. The government is urging people to check now if they need to register for Self Assessment, and…...
HMRC increases tax-free personal allowance to £20,070 for self-assess households
7+ mon, 2+ week ago (396+ words) HMRC is offering a tax-free Personal Allowance of up to "20,070 for households who submit a self-assessment tax return in one specific circumstance. Personal Allowance income tax thresholds have been frozen until at least 2028, after having been kept at the same…...
England icon left penniless after retirement lived in 1-bed flat
7+ mon, 3+ week ago (516+ words) Jimmy Greaves enjoyed a sensational football career, but he was the first to admit that he struggled post-retirement. The forward bagged 402 goals in 617 career matches, enjoying incredible stints at the likes of Chelsea and Tottenham. Greaves was also a key…...
Exact date working Brits will stop 'paying HMRC tax"
8+ mon, 1+ week ago (597+ words) Britons are now handing over every penny they earn to the taxman for almost half the year " with the point at which they start earning for themselves delayed until this Thursday, June 12. The so-called "Tax Freedom Day" marks the moment…...
Workers could lose £560 each year in HMRC tax loophole change
8+ mon, 2+ week ago (317+ words) The government has published radical proposals to change pension payments that will see workers hit with an extra "560 of taxes if taken forwards. But research paid for by HMRC in a report titled "Understanding the Attitudes and Behaviours of Employers…...
Income tax return changes to start next year confirms HMRC
8+ mon, 4+ week ago (581+ words) HM Revenue and Customs (HMRC) is introducing a new "10 daily late filing fee for late Self Assessment tax returns, with personal finance experts warning that "hundreds of thousands of people" could be affected despite the January 31 deadline. Alastair Douglas, CEO…...