Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag HMRC notifies UK households of unexpected tax bills due to increased savings income from higher interest rates.

flag HMRC is contacting UK households with unexpected tax bills due to higher interest rates causing savings income to exceed the tax-free allowance. flag This is the first time in over a decade that HMRC is reaching out, as many savers are now facing tax on their savings interest. flag Basic-rate taxpayers can earn up to £1,000 tax-free, but those with multiple accounts, overseas savings, or over £10,000 in savings income may need to contact HMRC directly.

3 Articles