Some 5.65m people have yet to file their self-assessment tax return despite the end-of-January deadline approaching, HMRC has warned.
New rules which came into force at the start of the year have made it harder for crypto investors to hide their gains from international tax authorities.
There’s been a surge in end of year tax demands with more than 1.3m being contacted by HMRC in 2023/24, nearly double the number just two years earlier.
HMRC has warned taxpayers to be vigilant after receiving more than 4,800 reports of Self Assessment scams since February.
HMRC investigators have seized over £1.1m following a raid on a money service business in London.
The FCA has issued a reminder today to firms that cancellation rights do not exist for pension commencement lump sums (PCLS).
Wealth management trade association PIMFA has warned that draft inheritance tax reforms are unworkable in their current form.
Cash ISA subscriptions rose by 67% to £69.5bn in the 2023/24 tax year, according to new figures released today by HMRC.
Half (45%) of savers with a Lifetime ISA opened their account in order to save for retirement or later life.
HMRC has warned users of its Self Assessment system to remain vigilant to scams that claim to be from the department.
HMRC collected inheritance tax (IHT) receipts of £3.1bn in the first four months of 2025/26, an increase of £229m (8%) compared to the same period in 2024/25 (£2.8bn).
New figures published by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has soared above half a million to 502,000 - resulting in a total of almost £1.5bn reclaimed since the introduction of Pension Freedoms in 2015.
IHT tax liabilities created in 2022-23 were £6.7bn, up £0.71bn or 12% compared to the previous year.
HMRC figures reveal that an extra 3.36m taxpayers have been dragged into paying higher or additional rate tax in the current year.
The estimated tax gap in the UK was 5.3% in 2023-24, meaning £46.8bn was unpaid in the year, according to new figures from HMRC.
Changes to salary sacrifice would cause confusion, reduce benefits to employees, and disincentivise pension savings, the Society of Pension Professionals (SPP) has warned.
There could be changes to salary sacrifice for workplace pensions, former pensions minister Sir Steve Webb has warned after HMRC today published new research around ‘hypothetical’ cuts to salary sacrifice.
The SIPP and SSAS trade body Association of Member-Directed Pension Schemes (AMPS) said it has made progress in liaison with regulators and demonstrated that by having representatives from HMRC at its annual spring conference.
HMRC has ordered a struck-off solicitor and former barrister to stop promoting two tax avoidance schemes.
There were 7.13m pensioners paying tax in the 2022/23 tax year, a 6% increase year on year, according to the latest data from HMRC.
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