Over-50s support tax break for downsizing

Nearly three-quarters (73%) of people over 50 would support a stamp duty break for people who downsize their home, research from Saga shows. In a survey of 2,000 people, 25% of over 50s said they were struggling to afford the cost of moving house. The research also...

HMRC issues springtime tax scam warning

HMRC is warning taxpayers about an expected increase in the number of tax rebate scams sent during April and May 2019. Legitimate tax rebates are processed by HMRC at this time of year, but fraudsters often take advantage of that by posing as the tax authority in scam...

Retirees paying £4bn more tax than previously thought

Pensioners are paying around £4 billion more in income tax than had previously been estimated, according to Royal London and the Centre for Policy Studies. The latest figures published by HMRC show that pensioners paid £17.9 billion in income tax on their pensions in...

HMRC clarifies ‘tax avoidance’ stance

Contractors who declared to HMRC what they received through disguised remuneration schemes over the last 20 years can settle their bills on the terms offered before the rules changed in 2017. Since April 1999, up to 40,000 members of these schemes were paid in loan...

Latest HMRC glitch excludes tax demands

A glitch within HMRC's self-assessment system surrounding some taxpayers' payments on account will not be resolved until 31 July 2019 at the earliest. The Revenue has experienced a string of computer errors in recent months, with the latest problem resulting in some...