200,000 parents risk missing full state pension

More than 200,000 parents could be missing out on their full entitlement to the state pension by failing to claim child benefit, HMRC has warned in a letter to the Treasury Committee. Parents of children under 12 who do not pay national insurance can receive national...

Wales confirms income tax rates

The Welsh Government, which has the power to set its own rates of income tax in 2019/20, has confirmed the rates will remain the same as those in England and Northern Ireland. From 6 April 2019, the UK Government will reduce the basic, higher and additional rates of...

HMRC error hits self-assessment taxpayers

An HMRC error has seen hundreds of early-paying taxpayers wrongly sent late-payment notices for self-assessment tax returns. Self-assessment returns for the 2017/18 tax year are due by midnight on 31 January 2019, along with any tax owed. However, the BBC reported...

2 weeks until self-assessment deadline

Self-assessment taxpayers now have two weeks to complete and submit their returns for the 2017/18 tax year, before the deadline at midnight on 31 January 2019. People who are self-employed or have more than one source of income are usually required to complete a...

Savers hit by ISA tax charge

Thousands of bereaved partners in the UK could be paying unnecessary tax on inherited ISAs, by missing out on a tax break. Introduced in 2015, the additional permitted subscription means the spouse or civil partner of someone who has died can inherit the deceased's...