HMRC sends UK households £98,700 pension tax bills

HMRC sends UK households £98,700 pension tax bills

HMRC sent out hundreds of tax bills worth as much as £98,700 each for those trying to spend their pensions.

Four in five don't understand inheritance tax - as pension raid looms

Inheritance tax is currently charged at 40 per cent on assets over the £325,000 inheritance tax threshold.

HMRC penalties for late tax returns and late payment

We all do our best to avoid it, but sometimes small businesses and the self-employed can end up with a penalty from HMRC. HMRC penalties can be expensive and stressful – but, thankfully, sometimes they can be appealed. If you have a reasonable excuse, your penalty may be amended or waived after an appeal. HMRC issues penalties for late payment of Self Assessment tax, VAT, and corporation tax, as well as late filing, and making mistakes on your t…