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The Latest Breaking News from HMRC

HMRC issues tax warning over Christmas side hustles

Tax bosses have urged anyone making money from markets, online platforms or content creation to ensure they know the rules

The Independent UK · Dec 6, 2025

HMRC warns Christmas side-hustle sellers over tax on festive earnings

Crafters, artisans and others told to declare income if above £1,000 trading allowance in tax year

The Guardian - UK · Dec 6, 2025

Stark warning to pension savers over Rachel Reeves’s salary sacrifice changes

HMRC suggest 3.3 million people will be impacted by the salary sacrifice changes

The Independent UK · Dec 5, 2025

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3.3m pension savers facing hit with salary sacrifice changes

HMRC said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

Evening Standard · Dec 5, 2025

Inheriting Bitcoin Just Became Legal — But HMRC's 40% Tax Bill Is Due in 6 Months (And a Nightmare Scenario Looms)

UK law now allows families to inherit crypto, but estates over £325,000 face a 40% tax within six months—regardless of whether heirs can access locked wallets.

International Business Times UK · Dec 5, 2025

HMRC launches US-style ‘reward’ scheme for exposing tax dodgers

Successful whistleblowers could receive hundreds of thousands from the tax authority

The Independent UK · Dec 3, 2025

Premier League clubs face prospect of higher wage bills after budget tax change hits players

Premier League clubs are facing the prospect of higher wage bills after the government’s announcement in the budget that image rights payments will be treated as income from April 2027

The Guardian - UK · Nov 28, 2025

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New rules set to stop savers getting around reduced £12,000 cash Isa limit

Guidance on the HM Revenue and Customs website said rules will be introduced ‘to avoid circumvention of the lower limit for cash Isas’.

Evening Standard · Nov 28, 2025

Bitcoin Price Stays Above $91,000 as UK Faces 34-Day HMRC Crypto Tracking Deadline

UK crypto investors must comply with HMRC's mandatory transaction reporting from January 2026. Platforms will report all trades, as Bitcoin remains above $91,000 during market recovery.

International Business Times UK · Nov 28, 2025

Martin Lewis says Budget cash ISA cut was the ‘wrong move’

Saving expert suggested 'guidance' for young savers instead of limit

The Independent UK · Nov 27, 2025

How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance exemptions at £2,000. Here's how the new rule works and who it affects.

International Business Times UK · Nov 27, 2025

Rachel Reeves must avoid a ‘Del Boy Trotter’ Budget

Black hole can’t be filled if there are ‘No income tax, no VAT’ rises

Evening Standard · Nov 26, 2025

Cash Isa limit cut may not encourage people to invest, finance expert says

Reports suggest that the annual cash Isa limit could be reduced to £12,000 in the Budget.

Evening Standard · Nov 25, 2025

How HMRC and insurance firms make bereavement even harder

Letters: Dr Susan Treagus spotted an error that could have cost her dearly, plus a letter on how to satisfy car insurance algorithms

The Guardian - UK · Nov 21, 2025

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The Independent UK · Nov 21, 2025

Top member of Reeves’ Budget team previously backed plans to hit small businesses

Industry leaders say the government ‘would be out of its mind’ to adopt the proposals

The Independent UK · Nov 21, 2025

Here’s how you can become an ISA millionaire as numbers hit record high

Some investors now have ISAs worth in excess of £4m

Evening Standard · Nov 19, 2025

Holly Willoughby’s media company has winding-up petition dismissed

Roxy Media, directed by Ms Willoughby and her husband, was issued with the winding-up petition by HMRC in January.

The Guardian - UK · Nov 18, 2025

UK consumers warned over AI chatbots giving inaccurate financial advice

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance

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The Guardian - UK · Nov 18, 2025

HMRC accused of being ‘cavalier’ with finances of child benefit claimants

Thousands of parents had their payments stopped after faulty data suggested they had left the UK and not returned

The Guardian - UK · Nov 16, 2025

Call for inquiry after families stripped of child benefit due to flawed travel data

Andrew Snowden MP says government ‘must immediate take action’ on failures of anti-fraud benefits crackdown

The Guardian - UK · Nov 16, 2025

‘I was scared’: parents reveal stress of HMRC’s child benefit errors

From incorrect repayment demands to mistaken claims about emigration or non-existent holidays, those caught in anti-fraud debacle tell their stories

Evening Standard · Nov 14, 2025

Biggest stocks and shares Isa accounts worth around 17 times top cash Isas

The data ‘reveals a clear and growing divide between saving and investing’, according to InvestEngine, which obtained figures from HMRC.

The Independent UK · Nov 14, 2025

Figures reveal top stocks and shares Isa pots worth huge amount more than cash Isa accounts

Approximately 3,080 ISA accounts held a market value exceeding £1 million in the same tax year

International Business Times UK · Nov 11, 2025

HMRC's PAYE Child Benefit System Goes Live – Why Fluctuating Earners Face Overpayment Nightmare in 2025/26

HMRC's new PAYE system for child benefit repayments risks overpayment for fluctuating earners. Commission workers and bonus earners may face double deductions during 2025/26.

The Guardian - UK · Nov 11, 2025

UK unemployment rises to 5%, the highest level in four years

ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrolls

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