Category : Search result: tax return penalty


Petition Calls for Major Increase to Tax-Free Allowances

A public petition urges HMRC to raise the personal tax allowance to £15,597 and the higher-rate threshold to £62,379 to combat 'stealth tax' fiscal drag. The government must respond if it reaches 10,000 signatures.

Martin Lewis's Urgent HMRC Tax Deadline Warning

Money expert Martin Lewis issues an urgent warning to millions about the looming January 31 self-assessment deadline. Miss it and face a £100 fine plus interest on unpaid tax.

HMRC toughens stance on tax penalty appeals

HMRC is taking a firmer line on late tax penalties, with cancellation rates falling. Experts urge taxpayers to act early to avoid fines, especially with new crypto rules.

Winter Fuel Payment Tax Rules: New HMRC Update

HMRC says state pensioners should not include Winter Fuel Payment on current tax returns. Repayment required if income exceeds £35,000, but not until 2027. Get the full details.

HMRC penalty change for 12 million UK taxpayers

HMRC announces a cut to the late payment interest rate for Self Assessment returns. Over 12 million face fines if they miss the January 31 deadline. Act now to avoid penalties.

Mid-Year CGT Change Poses Tax Return Risk

A mid-year Capital Gains Tax rate change for 2024/25 means UK taxpayers must manually calculate liabilities. Experts warn of errors and potential HMRC disputes. Check your return now.

New HMRC rule: Landlords face 10 tax returns

UK landlords earning over £50,000 must file quarterly digital tax summaries from April under HMRC's Making Tax Digital. Learn key deadlines and expert advice to avoid confusion.

State pensioners get tax return boost from HMRC

HMRC clarifies that Winter Fuel Payments do not need declaring on Self Assessment tax returns, offering relief to pensioners. Over 5.6 million still need to file by the deadline to avoid penalties.

HMRC change risks millions underpaying tax

A mid-year HMRC change to Capital Gains Tax rates means millions filing self-assessment risk underpayment. Experts warn over 12 million must submit returns by 31 January.

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