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HMRC notifies UK households of unexpected tax bills due to increased savings income from higher interest rates.
HMRC is contacting UK households with unexpected tax bills due to higher interest rates causing savings income to exceed the tax-free allowance.
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.
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.
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HMRC notifica a los hogares del Reino Unido las facturas impositivas inesperadas debidas al aumento de los ingresos por ahorro derivados de tasas de interés más altas.