HMRC Reveals £1 Tax Threshold That Could Leave State Pensioners Facing Large Tax Bills Tuesday, May 19, 2026 hmrc pension tax statepension cliffedge budget retirement taxexemption triplelock finance HM Revenue & Customs (HMRC) has confirmed the existence of a £1 “cliff edge” rule that risks leaving some state pensioners exposed to significant tax bills. This development raises concerns about potential … Read More
HMRC Urges Thousands of UK Parents to Claim £327 in Child Benefit Backpayments Tuesday, May 19, 2026 hmrc childbenefit ukparents backpayments tax familysupport digitalclaim finance birth income HM Revenue and Customs (HMRC) is calling on UK parents to claim the Child Benefit they may be owed, as new data reveals that more than 30% of new parents are missing out on payments by not applying within their baby’s … Read More
HMRC Launches Automatic Tax Adviser Registration Starting May 2026 Monday, May 18, 2026 hmrc tax registration advisers mmtar govuk compliance lawsociety taxadvice policy HMRC is rolling out a significant update on Monday, May 18, 2026, introducing a new digital registration system for tax advisers. This initiative is designed to help organisations determine whether they need to register under … Read More
State Pensioners Born Before 1971 Increasingly Fully Withdraw Their Pension Pots Monday, May 18, 2026 pensions retirements withdrawals statepension savings tax inflation fca retirementplanning definedcontribution A growing number of state pensioners born before 1971 are choosing to fully withdraw their pension pots upon retirement, with data showing a notable jump in such actions. In 2024-25 alone, 462,160 pension pots were fully … Read More
HMRC inheritance tax gifting allowance slashed by 78% in real terms Sunday, May 17, 2026 inheritance tax gifting allowance inflation hmrc estate families law compliance The annual £3,000 allowance enabling individuals to gift money free of inheritance tax has effectively plummeted in value by 78% since its introduction in 1981, a private wealth law firm has warned. TWM Solicitors, a … Read More
Warning Issued for England Households Subject to Parish Council Tax Increases Sunday, May 17, 2026 tax council precept parish england localgovernment finance taxrise costofliving counciltax Households across England are bracing for an additional £1 billion in council tax charges as nearly nine million residents pay parish or town council precepts. These precepts are local taxes added on top of standard council … Read More