Anyone earning extra income through a side hustle is being urged to check if they need to register for Self Assessment – and if so, file their tax return now. HMRC is encouraging those with additional income streams – from online selling and content creation to dog walking and property rental – to understand their tax obligations and get ahead of the January deadline rush.
The tax gap estimate – the difference between what tax is expected to be paid and actually paid – was 5.3% for the 2023 to 2024 tax year, figures published today (19 June 2025) show. While £46.8 billion was unpaid in the 2023 to 2024 tax year, HM Revenue and Customs (HMRC) collected £829.2 billion, representing 94.7% of all tax due.
Young people finishing school, college or university and hoping to earn extra cash after their exams can download the HMRC app to get the details they need to be summer-job ready, says HM Revenue and Customs (HMRC).
Nearly 826,000 working families saved up to £2,000 per child with Tax-Free Childcare in the 2024 to 2025 tax year. The money helps families pay for their childcare, as part of the government’s Plan for Change to put more money in people’s pockets.
Paul Baxendale-Walker must now cease promoting these arrangements after HM Revenue and Customs (HMRC) issued Stop Notices to him. This marks the first time Stop Notices have been issued to an individual rather than to a company promoting tax avoidance schemes, demonstrating HMRC's commitment to use all available powers, regardless of how promoters structure their operations.
Parents of 16-19 year olds will receive reminders from HM Revenue and Customs (HMRC) to extend their Child Benefit claim by 31 August if their child is staying in education or training or payments will automatically stop.
A record nearly 300,000 people have filed their tax return in the first week of the new tax year, almost 10 months ahead of the deadline, HM Revenue and Customs (HMRC) has revealed.
Hundreds of thousands of families who recently found out their little one’s September primary school place, can use Tax-Free Childcare to save thousands on wraparound childcare and holiday club costs HM Revenue and Customs (HMRC) has said.
Businesses and individuals can benefit from HM Revenue and Customs’ (HMRC’s) new online interactive tool that guides them through tax compliance checks.
There is less than a year to go until sole traders and landlords with an income over £50,000 will be required to use Making Tax Digital (MTD) for Income Tax. The launch on 6 April 2026 marks a significant and ultimately time-saving change in how these individuals will need to keep digital records and report their income to HM Revenue and Customs (HMRC).
HM Revenue and Customs (HMRC) marks its 20th anniversary on 18 April 2025.Two decades on, the department is harnessing the spirit of then Chancellor Gordon Brown’s bold reforms and embarking on a new era of transformation.Supporting the government’s Plan for Change and mission for growth, HMRC is now firmly focused on closing the tax gap, modernising and reforming, and improving customer service.<
Government’s Help to Save scheme now open to 550,000 more people to help with cost of living
Those saving £50 a month can expect £25 Government top-up, putting more money in people’s pockets
Part of Government’s mission to grow the economy and deliver on our Plan for Change
More than half a million more UK savers are in line for Government bonuses worth up to £25 a month to boost their cash
A money launderer who fled during his 2018 trial has been extradited from the Netherlands and jailed for five-and-a-half years. Javed Ahmad was caught trying to stuff more than £100,000 in a filing cabinet when HM Revenue and Customs (HMRC) officers raided his Burnley office in November 2015.
Child Benefit payments to increase from next week
Parents encouraged to claim and manage Child Benefit via the HMRC app
1.2 million parents have used the digital service to claim their Child Benefit
Families who claim Child Benefit will see an increase in their payment next week, says HM Revenue and Customs (HMRC).
From 7 April 2025, parents will receive £26.05 per week - or £1,354.60 a y
Criminals are exploiting informal money transfer services in the UK to launder an estimated £2 billion annually, concealing the proceeds of serious organised crime that harms communities. HMRC is urging businesses that offer these services – which help diaspora communities send money to relatives abroad – to register for anti-money laundering supervision to protect themselves from criminals.
HM Revenue and Customs (HMRC) has seized nearly 15,000 imported items from delivery warehouses across the UK – in a bid to tackle customs fraud and help level the playing field for honest businesses.
Government launches 12-week e-invoicing consultation on plans to cut paperwork for businesses and help improve productivity Proposals expected to save businesses time and money and speed up payments, creating the conditions to grow the economy, part of the Prime Minister’s Plan for Change Will help businesses get tax right first time with fewer invoicing and VAT return errors UK stakeholders an
As Valentine's Day approaches, anyone who has turned the love for their hobby into a side hustle is being encouraged to 'put a ring on it' and make it official. Whether it’s making extra income from activities such as online content creation, dog walking, or making handcrafted items to sell, HMRC has launched a new campaign to assist people in understanding if they need to declare earnings.
People wanting to maximise their State Pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35 million, using the online service since April last year HM Revenue and Customs (HMRC) has revealed.
GOV.UK summary: Millions of taxpayers filed their Self Assessment tax return for the 2023 to 2024 tax year by the deadline.
More than 11.5 million taxpayers filed their Self Assessment tax return by midnight on 31 January.
97.36% of tax returns were filed online.
90.53% of expected filers filed their Self Assessment.
More than 11.5 million taxpayers beat the Self Assessment deadline to fil
