News

Review the accompanying tax year overview and calculation. Cross-check with your payslips, P60s, or pension statements. Contact HMRC through their helpline or online account for clarification.
HMRC issued 1.32 million Simple Assessment notices in the 2023/24 tax year—a 74% rise from the previous year—largely due to frozen tax thresholds and increased pension income, which pushed ...
HMRC, the UK’s tax collection agency, does carry out research [1] from time to time but this is absolutely not new. They say the results of research ...
But the surprisingly lengthy Executive Summary (9 pages) opens almost immediately with: "In July 2020, the government set out a 10-year Tax Administration Strategy. A key element of this vision is the ...
The data for this release come from HM Revenue and Customs' (HMRC's) Pay As You Earn (PAYE) Real Time Information (RTI) system. They cover the whole population rather than a sample of people or ...
Background Increasing cigarette excise taxes is widely recognised as the most effective measure to reduce the demand for cigarettes. The presence of illicit trade undermines the effectiveness of tax ...
My tax code is currently 1250L however in the new tax year it's going to be 1151L - the HMRC app says I have a deduction of £1,060 on my tax-free allowance, but I don't understand why as I've ...
HMRC issued a third more enquiries about inheritance tax last year in a bid to crack down on evasion, according to new data, but most cases were closed with no further action required. There were ...
The government may have so far kept promises not to raise income tax rates but chancellor Rachel Reeves has continued the ...
However, workers have reported that HMRC is still adding the levy of £179.40 to their tax bill despite now being exempt. Some have been told to pay twice this amount – £358.80.