The Latest Breaking News from HMRC

Martin Lewis warns people born between these two years could be owed a share of £1.6bn

Martin Lewis has warned that some 21-year-olds are missing out on thousands of pounds due to unclaimed child trust funds (CTFs).

The Independent UK · May 13

Lower earning self-employed people ‘particularly likely to miss tax deadline’

Around 180,000 self-employed filers were late in 2023-24, of which around 94% were below basic or basic rate taxpayers, PensionBee said.

Evening Standard · May 5

Millions Could Miss Out On IRS Refunds From Pandemic Era — What Should You Do Before July 10 Deadline

A court ruling allows US taxpayers to reclaim pandemic-era penalties, but a little-known July 2026 deadline could limit claims. Awareness is low, and the process requires careful documentation.

International Business Times UK · May 4

Facing ERC Rejection? IRS Just Gave You More Time — Here's What It Means For Your Refund

The IRS has introduced an extension option for businesses with disallowed Employee Retention Credit claims, allowing more time to resolve disputes without losing potential refunds.

International Business Times UK · Apr 29

Nearly two million more higher-rate taxpayers since start of decade

The rise has been driven by more people moving into the tax band thanks to the freeze on income thresholds.

Evening Standard · Apr 29

Rachel Reeves’s tax shake-up: time to plan ahead, from Isas to self-assessment

The chancellor’s changes will come into force in April 2027, affecting everyone from savers to landlords and sole traders. Experts advise you to act now

The Guardian - UK · Apr 29

HMRC To Contact Over 750,000 Young People About Unclaimed £2,200 Savings — How To Claim Yours

HMRC is writing to 21-year-olds about unclaimed Child Trust Funds worth £2,200 ($2,910) on average. Over 750,000 accounts remain untouched.

International Business Times UK · Apr 27

HMRC to send letters to thousands who could be owed more than £2,000

IN FULL

The Independent UK · Apr 24

How to teach your children about money at different ages

From opening a tax-free savings account at birth to when to stop supporting, money decisions throughout a child’s life adds a vital skill

The Independent UK · Apr 24

Thousands of young people could get more than £2,000 in new HMRC trust fund drive

More than £1.5 billion is currently going unclaimed

The Independent UK · Apr 24