In general, every year you are allowed to give gifts of any value to a spouse or partner, or gifts of up to £3,000 to anyone ...

Undeclared income from side hustles forms part of the hidden economy, HMRC said. It says it is committed to reducing the tax gap, of which the hidden economy accounts for around £2.2 billion.

HMRC has issued a warning to hundreds of thousands of households receiving letters in the post. As the financial year ends, HMRC sends letters to taxpayers if their tax payments don’t align ...

HMRC has issued a warning to hundreds of thousands of households receiving letters in the post. The Labour Party government's ...

HMRC has issued a warning to everyone who makes extra money on the side of their main job. The message follows a rise in the ...

While many firms were still adjusting to the practical impact of previous legislative reform, HMRC introduced a new merged R&D tax relief scheme in ...

As Valentine's Day approaches, anyone who has turned the love for their hobby into a side hustle is being encouraged to put a ...

HMRC launches Help for Hustles campaign to help people earning extra income understand their tax obligations. HM Revenue and Customs' (HMRC) 'Help ...

The man was repeatedly threatened by debt collectors due to the scam, which followed a change in the law by the last Conservative Government ...

The true scale of tax evasion is likely far higher than HMRC estimates, with the department “not sufficiently curious” about ...

HMRC has previously estimated the practice, known as phoenixism, accounted for 15% of its tax debt losses in 2022-23, equivalent to more than £500 million. However, the Insolvency Service disqualified ...

Savers have been reminded that they could get an unexpected bill from HM Revenue and Customs (HMRC) due to interest earned - ...