HMRC issues 'unexpected' bill to 400,000 people after 'assessment'

Apr 12, 2024 · 400,000 people on the Department for Work and Pensions State Pension have been sent an unexpected HMRC bill. HMRC has sent the bill to hundreds of thousands of …

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State Pension Warning As 400,000 British People Face Unexpected …

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Apr 12, 2024 · State pension warning as 400,000 British people face unexpected HMRC bill The state pension has increased by 8.5% this month, but the change could push around 400,000 …

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400,000 Pensioners To Be Hit With Unexpected Tax Bill - Find Out If …

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Oct 20, 2023 · This suggests the typical person has a pension of £275 a week. If all 400,000 people have this sort of bill, collectively they will have a combined bill of £138m.

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FAQs about HMRC issues 'unexpected' bill to 400,000 people after 'assessment' Coupon?

Could 'unexpected' tax bills push 400,000 Brits into higher income tax brackets?

The state pension has increased by 8.5% this month, but the change could push around 400,000 people into higher income tax brackets, experts have warned State pensioners have been issued a stark warning as experts suggest that up to 400,000 Brits could be hit with 'unexpected' tax bills from HMRC. ...

Are UK pensioners at risk of unexpected HMRC tax bills?

British pensioners have been warned they could receive unexpected HMRC tax bills in the post. Thousands of pensioners across the UK are at risk of getting unexpectedly taxed as the Triple Lock increases the state pension by around £460. ...

Will pensioners get a warning letter from HMRC?

Up to 400,000 pensioners are set to get warning letters from HMRC after a change this month means they will now have to pay a new bill. The warning comes after the state pension increased by 8.5 per cent at the start of April, and while this is good news for many it means that for some, there will be new bills to pay. ...

Will pensioners be hit by unexpected tax bills a year?

Hundreds of thousands of retirees will be hit by unexpected tax bills a year after they have spent their state pension money, it has been revealed. The combination of the freezing to tax thresholds and a substantial increase to the state pension has led to many more pensioners being dragged into paying income tax for the first time. ...

Why did HMRC send a bill to DWP pensioners?

400,000 people on the Department for Work and Pensions State Pension have been sent an unexpected HMRC bill. HMRC has sent the bill to hundreds of thousands of DWP State Pension claimants amid the Cost of Living crisis. It comes as frozen tax thresholds leave many pensioners owing cash to the taxman. ...

How does HMRC know if a pensioner has not paid tax?

Under this system, the Department for Work and Pensions (DWP) informs HMRC at the end of the tax year about the total amount of state pension received by individuals. If applicable, HMRC will contact the pensioner at the end of the tax year to inform them they have not paid the tax due on their state pension. ...