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House sales down by a fifth in February compared with a year earlier

House sales in February were around a fifth lower than the same month in 2021, according to HM Revenue and Customs (HMRC) figures. An estimated 112,240 transactions took place in February across the UK, which was 20.8% lower than in February 2021, ...

22 Mar 2022 at 11:25

City

2.3 million taxpayers have until end of February to avoid late filing penalties

More than two million taxpayers need to file their self-assessment returns by the end of February in order to avoid penalties. More than 10.2 million customers filed their 2020/21 tax returns by the usual January 31 deadline, figures from HM ...

01 Feb 2022 at 14:55

City

UK has around 2,000 ‘Isa millionaires’, figures show

The UK has around 2,000 “Isa millionaires”, sitting on pots worth an average £1,412,000, HM Revenue and Customs (HMRC) figures show. Within the total, around 60 investors hold pots amounting to more than £3 million, according to the data ...

19 Jan 2022 at 08:25

City

House sales down by a fifth in December compared with a year earlier

The number of house sales in December last year was down by a fifth compared with a year earlier, but bounced upwards from the previous month. An estimated 100,110 transactions took place across the UK in December 2021, marking a 20.0% ...

21 Jan 2022 at 11:55

House sales plunged 54.3% in June compared with same month in 2021

The number of house sales in June roughly halved compared with the same month a year earlier, according to HM Revenue and Customs (HMRC) figures. Across the UK, an estimated 95,420 homes changed hands in June, marking a 54.3% decrease ...

21 Jul 2022 at 11:57

Personal Finance

Jump in people paying higher rates of tax

Nearly two million higher and additional rate taxpayers have been created in the space of three years, according to HM Revenue and Customs (HMRC) figures. Around 6.1 million taxpayers are projected to be paying income tax rates at ...

30 Jun 2022 at 15:05

Personal Finance

Couples urged to say ‘I do’ to marriage allowance

Married couples and those in civil partnerships are being urged to say “I do” to the marriage allowance. At the height of the wedding season, HM Revenue and Customs (HMRC) is reminding couples about the allowance, which allows ...

02 Aug 2022 at 14:33

Personal Finance

Taxpayers could be given stronger protections when using repayment agents

Measures to better protect people from agents pocketing excessive chunks of their tax repayments are being considered by the taxman. Middlemen can make routine tax claims on someone else’s behalf and some may end up taking up ...

22 Jun 2022 at 14:47

May house sales down around 5% on a year earlier

Around 5% fewer house sales took place in May this year than in the same month in 2021, according to HM Revenue and Customs (HMRC) figures. Some experts said it could be a sign of the impact of rising mortgage rates and ...

21 Jun 2022 at 11:46

House sales dip in April

The number of house sales taking place across the UK dipped in April, according to figures from HM Revenue and Customs (HMRC). Some 106,780 transactions took place last month, which was 3.9% down compared with March. ...

24 May 2022 at 12:04

Personal Finance

Tax credit claimants to receive second cost-of-living payment from November 23

More than one million households receiving tax credits, and no other means-tested benefits, will get their second cost-of-living payment from November 23, HM Revenue and Customs (HMRC) has confirmed. This £324 ...

20 Oct 2022 at 12:46

Personal Finance

Parents urged to check whether they could get childcare costs top-up

Parents are being urged to check whether they could be eligible for funding towards their childcare costs. More than 401,300 families collectively benefited from £44.4 million in government funding towards ...

16 Nov 2022 at 13:31

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