Bereaved families are paying higher inheritance tax penalties, with HMRC pulling in £2.28m in fines in the last tax year

Teenagers over 16 years old in education or training will stop receiving child benefit payments unless their parents re-register by 31 August

HMRC has issued guidance on changes to reporting income affecting self employed, sole traders and partnerships under the basis period tax year

HMRC raked in £2.6bn in inheritance tax (IHT) receipts between April to July 2023, with receipts in June this year the highest monthly total on record

A married couple has lost an appeal over a capital gains tax demand issued by HMRC for £63,500 as their tax agent did not understand basics of capital gains tax

In the latest nudge campaign, HMRC is writing to tax agents and accountants warning them to update provisional submissions on clients’ self assessment returns even though the deadline is five months away

Families claimed £53.6m in government funded tax-free childcare in June 2023, up £12m on the previous year

In this week’s Q&A, Kiya Jacobs, tax advice consultant at Croner-i, explains the inheritance tax implications of a gift from a non-resident parent

Student loan repayment interest will revert to an RPI plus 3% increase from December and the rate will rise to 7.3% next month

As interest rates rise, more taxpayers risk paying tax on savings income due to frozen thresholds but there are ways to mitigate tax bills, explains Laura Suter, head of personal finance at AJ Bell

Rising interest rates and frozen tax thresholds will push over one million taxpayers into paying tax on their savings this tax year

An online seller has been ordered to pay £28,408 to HMRC after a tribunal ruled that he had deliberately filed inaccurate tax returns from selling Apple products and cassettes on eBay