Thousands of state pensioners and self-employed workers in the UK are being urged to check their National Insurance (NI) records after reports emerged that HMRC has wrongly refunded Class 2 National Insurance contributions (NICs). This error could cost individuals up to £340 a Continue reading
HMRC
HMRC Addresses £1,000 Purchase Reporting Claims Ahead of 2026 Changes
The HM Revenue and Customs (HMRC) has issued a formal statement following widespread social media claims that all purchases over £1,000 will be “automatically reported” to the tax authorities from 1 January 2026. Posts circulating on Facebook and TikTok, some with hundreds of Continue reading