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 ...

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 ...

Dettori, 55, is estimated to have earned up to £20million from racing alone during his career. His best year for prize money ...

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

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

HMRC has delivered an update following the deadline on January 31 ...

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

You may be due cash back from the taxman if you were hit with emergency tax after making a withdrawal from your pension for the first time ...

THOUSANDS of workers are set to be hit with a £100 fine – here is how to avoid further charges. If you missed the self assessment tax return deadline yesterday (January 31) you will likely ...

The pension administrators, Capita, say they are "sincerely sorry for the distress this situation has caused" and that the ...