Faulty AI Advice Causing Financial Losses for UK Businesses
Half of UK accountants report clients losing money due to AI-generated financial errors. As HMRC ramps up enforcement, experts warn of severe consequences without professional oversight.
Category : Search result: HMRC selfassessment
Vinted Sellers Face Tax on Earnings Over £1,000
Millions of Vinted users are unaware they must pay tax on sales over £1,000. Learn the rules to avoid a surprise bill from HMRC and keep your side hustle profitable.
Recruitment Firm 'Phoenixism' Costs Taxpayers Millions
An investigation reveals how 'pre-pack' administrations allow directors to shed tax debts and resurrect businesses, costing the exchequer an estimated £840m annually. Read the full analysis.
Bitcoin Tax UK: Paying HMRC on Crypto Gains
A UK investor made over £7,000 in Bitcoin. Learn if you must pay tax on cryptocurrency returns, how to declare to HMRC, and key deadlines. Act now to avoid penalties.
HMRC insists woman is dead due to NI number error
A woman is told she is 'deceased' after HMRC allocates her NI number to a stranger who died. She faces an 86-week wait and pension chaos. Read her shocking story.
2026 Tax Crackdown: HMRC's £555m Enforcement Boost
Experts predict a surge in HMRC enforcement actions in 2026, driven by a £555m investment to close the tax gap. Discover the key trends, from AI audits to global tariffs.
New Year State Pension & Benefit Payment Dates Changed
The DWP and HMRC have announced changes to State Pension and benefit payment dates over New Year. Find out if your money is arriving early and the key dates you need to know.
HMRC wrongly stopped child benefit for 15,000 parents
New figures reveal HMRC's anti-fraud crackdown wrongly targeted 15,000 legitimate UK families. Discover the full scale of the fiasco and its impact.
DWP and HMRC Christmas 2025 Payment Dates
Full guide to when state benefits and pensions will be paid over the festive period. Check dates for Universal Credit, PIP, Child Benefit and more to manage your budget.
Oldham RLFC hit with HMRC winding-up petition
Oldham RLFC faces compulsory liquidation over unpaid tax bills, following Salford Red Devils' collapse. Read the latest on rugby league's financial woes.
Morrisons loses £17m VAT fight on rotisserie chicken
A High Court ruling means Morrisons faces a £17m tax bill after judges decided its rotisserie chickens are subject to the 20% 'pasty tax'. The supermarket argued most are eaten cold.
HMRC warns Christmas side hustle sellers on tax
HMRC issues a festive warning to individuals selling goods online this Christmas. Learn about the £1,000 trading allowance and how to avoid a tax bill.
Budget changes to hit millions using salary sacrifice
New HMRC figures reveal over 3 million pension savers will be impacted by salary sacrifice reforms. Discover how the £2,000 cap from 2029 affects your retirement savings.
Winter Fuel Payment: £35k Income Repayment Rules
Pensioners earning over £35,000 may need to repay Winter Fuel Payments. Learn about eligibility changes, repayment rules, and how to avoid penalties.
Cash ISA limit cut to £12,000 from 2027
HMRC reveals new rules to stop savers bypassing the reduced £12,000 Cash ISA limit from April 2027. Includes plans for a simpler first-time buyer ISA.
New 45% Tax on Footballers' Image Rights from 2027
Chancellor's budget reveals image rights will be taxed as income from 2027. Premier League clubs face potential wage bill surge as players seek compensation. Full analysis.
Loan Charge: Third to have debts wiped away
Government announces major loan charge reforms, wiping debts for thousands and cutting bills by half. Find out how the £365m budget decision affects you.
Budget: £10bn Tax Gap Plan with US Whistleblower Scheme
Chancellor Rachel Reeves unveils a US-style whistleblower scheme to close the tax gap, targeting an extra £10bn by 2029-30. Discover the new HMRC powers and enforcement measures.
Bereavement penalty hits insurance and HMRC victims
Widows reveal shocking bereavement penalty practices by insurers and HMRC, including premium hikes and automated tax errors that slash incomes. Learn how to protect yourself.
HMRC accused over child benefit handling
HMRC faces criticism for 'cavalier' approach affecting child benefit claimants' finances. Learn about the payment issues and what it means for families.
Small Business MTD for Income Tax: 3 Key Steps
HMRC's Making Tax Digital for Income Tax starts April 2026. Discover 3 essential steps to prepare, from choosing software to digital record-keeping. Get ready now.
HMRC child benefit errors cause parent distress
Parents reveal shocking stories of HMRC errors stopping child benefit payments based on incorrect data. Ukrainian refugees and British families face repayment demands for non-existent holidays.
23,500 families lose child benefit in data error
Thousands of UK families had child benefit suspended due to flawed Home Office travel data. MPs demand inquiry into system failures causing financial hardship.
Nurses could be exempt from loan charge tax scandal
Nurses and social workers may be exempt from controversial loan charge tax bills linked to 10 suicides. Thousands face financial ruin in scheme mis-selling scandal.
HMRC: Increase Your Tax-Free Allowance to £20,070
Discover how to legally increase your Personal Allowance to £20,070 and earn £7,500 tax-free via HMRC's Rent a Room Scheme. Learn how to claim today.
UK unemployment rate rises to 5.0%, highest in 4 years
UK unemployment rate climbs to 5.0%, reaching a four-year high as payroll numbers fall. Get the latest economic data ahead of the autumn budget.
Bookmaker's error reveals suspected illegal offshore betting
A UK bookmaker's paperwork error has uncovered a potential illegal offshore network taking unlicensed bets from high-rolling British punters, prompting a Gambling Commission inquiry. Discover the full story.
Christmas Benefit Payment Dates 2025 Revealed
Don't miss out on your Christmas money! Our essential guide reveals when DWP and HMRC benefit payments will arrive during the 2025 festive season, including Universal Credit, State Pension, and tax credits.
Michelle Mone-linked firm owes £39m in taxes
A company connected to Conservative peer Michelle Mone owes HMRC £39 million in unpaid taxes, raising fresh questions about government procurement during the pandemic.
HMRC child benefit error freezes payments for thousands
A major HMRC system error has left thousands of parents without vital child benefit payments, prompting urgent parliamentary scrutiny and demands for immediate solutions.
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