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The Latest Breaking News from HMRC

House sales dip but average fixed mortgage rates hit a six-month low

The number of house sales in February was 18% lower than in February 2022, but there have been recent signs of some mortgage rates edging down.

The Independent UK

Young people urged to check for forgotten savings worth up to £2,000 in Child Trust Fund account

An estimated 145,000 18 to 21-year-olds have an average unclaimed savings pot of £1,911 in the UK Government account.

Daily Record

We got an HMRC tax rebate out of the blue – what’s going on?

A reader says his daughter was surprised to receive a cheque from a company she had never heard of

The Guardian - UK

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OnlyFans creator receives tax relief on breast enhancement surgery

Tory MP Alexander Stafford says it’s right to review and close the ‘loophole’ as soon as possible

The Independent UK

Jeremy Hunt’s ‘bizarre’ ditching of pension limit ‘widens inheritance loophole for wealthy’

Institute for Fiscal Studies says the point of pensions is to fund retirement, not to bequeath large sums tax free

The Guardian - UK

DWP urged to give new £900 cost of living payment to people on contributions-based ESA

The £900 cost of living payment will only be eligible to people on a means-tested qualifying benefit.

Daily Record

HMRC lost nearly 50% more devices in 2022, nearly 2,000 missing since 2017

IT device losses at HMRC increased by nearly 50% in the space of a year, according to Freedom of Information Act (FOI) requests submitted in 2022. Statistics released under the FOI act show that between September 2021 and 2022, HMRC declared 635 lost and stolen devices. SEE MORE HMRC tells…

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Manchester fashion brand racked up debts of almost £4m when arm collapsed into administration

Lavish Alice-branded clothes have been worn by celebrities including Katy Perry, Kendall and Kylie Jenner, Eva Longoria, Jessica Biel, Elizabeth Hurley and Lindsay Lohan

Manchester Evening News

Date new DWP payment rates will start for Universal Credit and other benefits

Benefit payments from the DWP and HMRC will increase by 10.1% in April

Liverpool Echo

Almost £4m owed by Lavish Alice's wholesale arm as it entered administration after HMRC warning

Brand is continuing as an online-only operation and bosses say it is set for growth

Birmingham Post

Budget "not as severe as predicted" but little help for sky-high energy bills, say Welsh business leaders

One business leader said the Chanceller was "playing a long game"

Birmingham Post

'You can work at McDonald’s for more money': Striking civil servants protest in Cardiff over pay offer

The UK Government has urged strikers to recognise, 'what is reasonable and affordable'

Wales Online

Martin Lewis issues tax code warning after employer error leaves man with £5,000 bill

People should check their tax code ‘at least once a year’ or risk ‘nightmare’ scenario, warns MoneySavingExpert founder

The Independent UK

New cost of living payment warning to people due money over next few months

Millions of people are set to receive payments worth up to £1,350 in 2023/24.

Daily Record

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Nottingham Post

DWP confirms more than 8m families to get first £301 cost of living payment in Spring

After confirming the schedule for five cost of living payments through the 2023/24 financial year, the DWP detailed in Parliament last month more detail on the support

Chronicle Live

DWP cost of living payment: When to expect the first part of the £900 scheme and who is not entitled to the money

Not everyone will receive the £900 means-tested cost of living support payment when it is paid in the spring

Daily Record

Young people urged to check for unclaimed £2,000 in UK Government savings account

Child Trust Funds were set up for every child born between September 1, 2002 and January 2, 2011.

Birmingham Post

Budget 2023: 'Restore confidence and outline long-term growth plan' Welsh business leaders tell Chancellor

Jeremy Hunt will make his Budget statement as the UK continues to face issues of inflation, pay and public finances

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Bristol Post

DWP cost of living payment schedule for 2023/24 and eligibility rules

More details are expected to be announced around the £37 billion cost of living package

Daily Record

New cost of living payment date details for people due £900, £150 or £300 from DWP

Millions of households are set to receive extra financial help over the coming months.

The Independent UK

Child Trust Fund: How to check if you are one of millions sitting on share of £2bn government money

The National Audit Office (NAO) has warned that people are losing track of a type of long-term tax free savings account called child trust funds (CFTs)

Belfast Live

DWP unable to say if Spring Cost of Living payments will be made before April 1

The Department of Work and Pensions has said a statement will be made in 'due course' confirming payment dates

Daily Record

DWP confirms over 8m families due to receive first £301 cost of living payment this Spring

More than 686,000 households in Scotland will be eligible for the £301 means-tested payment.

Chronicle Live

New image shows Newcastle city centre's largest ever office take shape

Pilgrim's Quarter, the new home for HMRC, will have room for 9,000 workers once it is finished

Daily Record

People urged to check State Pension forecast to find out how much money they are due each week

A deadline has been extended allowing people more time to boost their retirement pot.

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