HMRC Unclaimed Child Trust Funds: £1.5 Billion Awaits Young People
HMRC aims to reconnect young people with over £1.5 billion in unclaimed Child Trust Funds. Many remain unaware of their savings accounts.
HMRC aims to reconnect young people with over £1.5 billion in unclaimed Child Trust Funds. Many remain unaware of their savings accounts.
HMRC is now demanding repayment of tax refunds issued years ago. Taxpayers are facing unexpected demands.
More than 170,000 taxpayers in the UK have missed out on tax refunds averaging £800 due to uncashed cheques and administrative errors.
Hundreds of thousands of taxpayers are missing out on HMRC tax rebates worth an average of £800, with many uncashed cheques still outstanding.
HMRC continues to issue cheques for tax refunds, with a significant number remaining uncashed as the agency transitions to a digital-first system.
The Making Tax Digital initiative is set to significantly affect self-employed individuals and landlords in the UK, with new requirements starting in April 2026.