There are also additional penalties for late payments of 5% of the unpaid tax after 30 days, six months and 12 months. Interest may also be charged on the amount owed if tax remains unpaid after the ...

A Government minister says that with more people being dragged into higher rates of income tax, it is 'increasingly important ...

HMRC has extended its phone line availability today, which is the exact deadline day for self-assessment applications. Every ...

Liam Palmer says: "There are several common factors that can increase the likelihood of an HMRC enquiry or investigation for a UK ...

Higher-rate taxpayers earning between £50,270 and £125,140 may be entitled to claim additional pension tax relief from HMRC ...

A new points-based system will see anyone who misses quarterly filing deadlines getting slapped with fines.

The warning comes as Self Assessment season gathers pace, with millions expected to file returns by the deadline of January ...

Personal finance expert tells people to estimate tax owed and pay immediately to avoid £100 fine and 7.75% interest charges on unpaid tax ...

"Anyone saving into a personal pension or other ‘relief at source’ scheme can get higher rate relief – but only if they claim ...

Higher-rate taxpayers missed out on an average of £1,756 a year last year.

The deadline is midnight on January 31 - miss it and you will be hit with a £100 fine from HMRC ...