HMRC interest rates are linked to the Bank of England base rate. Over the last year, the interest rate for late payment of tax has more than doubled and, at the time of writing, is at 6% per year – the highest it has been since December 2008. If you have a tax debt, late payment interest may now be ...
Research suggests that the number of people accessing their private pensions has gone up, and that the amounts taken out of pensions are increasing. This may be for various reasons – for example, due to taking early retirement or to supplement living costs because of high rates of inflation. Here we...
At some point in your working life, you might decide to reduce your working hours. If your income from work falls below certain limits, this might mean you lose out on qualifying years for National Insurance. This article highlights some things to think about. ...
For a long time, LITRG have been concerned about the problems that migrant workers to the UK might face in understanding and navigating the UK tax system. To help address this we have made a set of videos, translated into 12 different languages, to help migrant workers understand where to get tax he...
Every year, HM Revenue & Customs (HMRC) publish their Charter annual report. These reports set out HMRC’s performance against the HMRC Charter. This is your chance to complete a survey and tell us what you think and input into our feedback on the report. ...
HM Revenue & Customs (HMRC) have started to send letters to some people who earn money from creating content on digital platforms, such as Instagram, TikTok and YouTube. We explain what these letters contain and what to do if you receive one. ...