HMRC urges Christmas craft and market traders earning over £1,000 in the 2024 to 2025 tax year to register for self assessment and declare income. Check your tax obligations on GOV.UK.

This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The ...

Deduct your costs: When you file a tax return, you pay tax only on your profit, not your total sales. Your profit is ...

In 2019, the then-Conservative government brought into effect the loan charge to clamp down on so-called “disguised ...

This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The ...

Recent headlines about HMRC have raised plenty of eyebrows, from stories about the tax authority "raiding" people's bank accounts to pensioners being told money will be taken back, and letters landing ...

HM Revenue and Customs has informed 7.5 million Britons that they are eligible for a £1,200 cash boost. According to HMRC, ...

Older people looking after children under 12 during the summer holidays could get a boost to their State Pension payments from the HMRC. It could be worth £303 - and, incredibly, over a span of 20 ...

The amount of inheritance tax paid on cash gifts has surged over 153% in a decade, with over 1,300 estates now paying the ...

As the department hits a digital interaction rate of 80%, more money and additional legislation is intended to help further ...