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HMRC key tax allowance cut update as income surges
HMRC key tax allowance cut update as income surges The Government has enjoyed a huge windfall from Capital Gains Tax The Treasury has reaped a substantial windfall from Capital Gains Tax following a raft of tax changes that have ensnared more investors. Fresh HMRC data reveals Capital Gains Tax (CGT) receipts reached nearly £24.3 billion in the 2025/26 tax year, a remarkable 77% rise on the previous year.
HMRC letters landing from Monday to 4m and adds 'you must respond'
HMRC letters landing from Monday to 4m and adds 'you must respond' Some people need to reply to the letter which is being sent out from June 1 to workers From today, 1st June, millions of households will begin receiving letters from HM Revenue and Customs — and in some cases, urgent action is required. The tax authority is dispatching approximately 4 million income tax refund letters between June 1 and August 31 - and recipients are being warned they 'must respond' if they're asked for more...
Monthly property transactions completed in the UK with value of £40,000 or above
Monthly property transactions completed in the UK with value of £40,000 or above This series looks at monthly property transactions completed in the UK with value of £40,000 or above. Documents Details These National Statistics provide monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. National Statistics are accredited official statistics.
Schedule of updates and announcements for HMRC's statistics
Schedule of updates and announcements for HMRC's statistics Publication plan for HMRC National and Official Statistics. Any changes to the schedule will be detailed in the announcements. Documents Details Exact dates of HMRC’s statistics are announced no later than 4 weeks in advance on the statistics release calendar.
State pension alert as claimants 'edging closer' to HMRC tax liability
State pension alert as claimants 'edging closer' to HMRC tax liability The qualifying rules for the state pension are currently changing A major tax reform is set to be implemented shortly, impacting state pensioners. The key policy change will change the tax burden for certain pensioners. Labour announced in the Autumn Budget 2025 that it would change the tax allowance rules so that those receiving only the state pension without additional increments would be exempt from income tax.
HMRC tax rule change confirmed 'excellent news'
HMRC tax rule change confirmed 'excellent news' An expert says many are unaware A long-standing tax rule has been scrapped by HMRC. It was imposed on businesses making charitable donations, according to accountancy and advisory firm Azets. The firm is reminding businesses that they can now donate goods to registered charities without incurring VAT charges.
Tax alert for 3.5m UK couples that could be claiming £252 from HMRC
Tax alert for 3.5m UK couples that could be claiming £252 from HMRC Millions of people could be missing out More than 3.5 million unmarried couples living together are being cautioned that they could be missing out on valuable tax benefits and legal protections worth hundreds of pounds annually. The warning follows Government proposals to bolster the rights of cohabiting couples, prompting financial specialists to encourage unmarried partners to reassess their finances. According to NFU...
Exact date people born by to get 2026 winter fuel payment confirmed by DWP
Exact date people born by to get 2026 winter fuel payment confirmed by DWP People have been told they have to be born before a key date to qualify for this year's payment A crucial deadline has been announced for those hoping to receive up to £300 from the Department for Work and Pensions this year. A cut-off date in June has been established to determine eligibility for this year's payment. Winter Fuel Payments are tax-free annual lump sums provided by the UK government to assist older...
New £268,275 cash alert for UK pension savers
New £268,275 cash alert for UK pension savers There are several widespread misconceptions about the rules for taking tax-free cash from pensions that could prompt savers to make the wrong decisions with their retirement savings Millions of employees could be making serious errors with one of the most valuable benefits of pension saving. Experts caution that confusion surrounding the regulations on pension tax-free cash is causing some savers to make hasty decisions that could leave them...