If you suspect you've paid an incorrect amount of tax but don't receive a tax calculation or Simple Assessment letter by the ...

The Personal Allowance allows a basic rate taxpayer to earn up to £1,000 interest per year tax-free but this only applies if ...

Thousands of people with savings accounts are set to be hit with a shock tax bill from HMRC after a delay on sending out ...

HMRC has shared an important warning to anyone with over £3500 stashed in the bank, as they could be hit with an unexpected ...

With the end of the tax year approaching, people who are employed or receiving a pension may find themselves on the receiving ...

Under HMRC guidance, you're entitled to a tax-free personal allowance. For those earning under £100,000 with no taxable perks ...

I believe I am being asked to pay £1,300 in taxes on interest I can't yet access. Do I owe this money and what are the rules?

HMRC can automatically identify interest earned on savings in bank accounts, and if it exceeds a specified limit, it will issue a notice for additional tax. The Personal Allowance allows a basic ...

HMRC normally sends out P800 letters, which tell you if you have overpaid or underpaid tax, by the end of November - but some ...

The Personal Savings Allowance allows basic-rate taxpayers to earn up to £1,000 in savings interest a year without paying tax ...

HMRC has the capability to automatically detect interest accrued in your bank account, and if your savings interest exceeds a certain limit, you'll be issued a notice for additional tax.