HMRC Admits £5 Tax Overcharge on 8.7 Million State Pensioners Monday, June 15, 2026 hmrc pensions tax overcharge statepension pensioners calculationerror government taxation reimbursement HM Revenue and Customs (HMRC) has confirmed it overcharged nearly 8.7 million state pensioners due to a calculation error, resulting in an estimated £43.5 million in excess tax collected last year. The error inflated the … Read More
HMRC Targets 144,000 Savers with £5,000+ Tax Demands on Savings Interest Monday, June 15, 2026 hmrc tax savings interest cashisa treasury investment finance taxation savers HM Revenue & Customs (HMRC) is intensifying its efforts to collect tax from savers, sending £5,000-plus tax demand letters to 144,000 individuals. According to data obtained through a Freedom of Information request, the … Read More
HMRC Revises Pension Tax Rules for Deaths After Age 75 Starting 2027 Friday, June 12, 2026 hmrc pensions inheritancetax taxation estateplanning retirement wealthtransfer taxreform pensionbenefits taxcompliance HM Revenue & Customs (HMRC) has announced significant changes to the taxation of pensions when a person dies after reaching age 75. Effective from 6 April 2027, the majority of unused pension funds and pension death … Read More
Birmingham Pubs Urge Government to Cut VAT Rates Amid Financial Struggles Monday, June 8, 2026 birmingham vat hospitality pubs taxation economy business hospitalityindustry government costs Pubs across Birmingham are sounding the alarm, urging the government to reduce VAT rates which they say are “cutting the oxygen off” businesses struggling to survive. Currently, all food and drink sold in pubs is … Read More
DWP Urged to Scrap £10 Christmas Bonus to Preserve State Pension Triple Lock Friday, June 5, 2026 pension triplelock christmasbonus retirees dwp taxation statepension blair income affordability The Department for Work and Pensions (DWP) has been urged to eliminate the £10 Christmas Bonus to protect the much-debated state pension Triple Lock. This plea follows recommendations from Sir Tony Blair’s think tank, which … Read More
HMRC Issues £1,958 Tax Bills to State Pensioners in Controversial ‘Two-Tier’ System Saturday, May 30, 2026 pensions taxation statepension taxpolicy retirement hmrc personalallowance government unfairness finance More than 12.5 million pensioners in the UK are caught in what critics call a “two-tier” state pension system, with many facing unexpected tax bills. Basic state pensioners, in particular, are being hit hard due to the … Read More