Latest news with #HMRC
Daily Mirror
5 hours ago
- Business
- Daily Mirror
Katie Price has 'black mark' over name after being rejected for rental houses
Former glamour model Katie Price has claimed she is discriminated against as she gave an insight into her life since being cleared of her two bankruptcies earlier this year Katie Price has shared her frustrations following her two bankruptcies as she claims she is discriminated against. The former glamour model, 47, has been open about her financial woes over the years. She has endured a tumultuous six years of money struggles, including two bankruptcies. The second of which happened following a significant tax debt of more than £750,000. However, in March she revealed she has been discharged from this - and is now ready to enjoy successes in the future. Katie, who once had a fortune of £40million, has still been hit by the consequences of her bankruptcies despite being cleared. The mum-of-five has revealed her financial situation is still hammering her life, having moved out of her Mucky Mansion last year. Following the move, Katie admitted she struggled to find somewhere else to live. She has claimed estate agents held a "black mark" against her name due to her well-known finances. Katie said she would receive calls from agents explaining properties had been rented to someone else after she expressed interest, yet claims they were still up for rent. It has left Katie believing she is being discriminated against as she tries to move forward. Speaking on the Katie Price Show podcast, Katie said: "I love it how I have gone through all what I have because I will get there again. "I just have a problem with when you have been in a bankruptcy, you just can't get anything. It is so annoying because I earn such good money. I earn, like I did back in the day, really good money but it makes no difference if you earn the money." She explained: "Once you get that black mark against your name, there's nothing you can do. Even when I go to rent a house, as soon as they know its my name, it is discrimination. "They are like 'Oh no, no' and I am like 'Oh is it because of what you've read?'. Does it really matter, I have got the money and I can pay upfront. It's the name that puts people off and it's such discrimination." Katie was first declared bankrupt for a year in December 2019, despite her worth being estimated at £40million at the time. She agreed to pay an eyewatering £12,000 a month to creditors in a bid to dig herself out of debt. Unfortunately, this plan proved unsuccessful, and in July 2020, Katie was back in court at a bankruptcy hearing, where she revealed she was living in rented accommodation which was costing her £4,200 a month. In March 2024, Katie was declared bankrupt a second time during a short hearing at London's Rolls Building, Insolvency and Companies Court. At the hearing, it was heard that Katie owed £761,994.05 to HM Revenue and Customs (HMRC), and that she had not responded in regards to the debt. Earlier this year, Katie revealed she has been discharged from her bankruptcies as she celebrated: "I'm so happy. I can finally move on and leave these bankruptcies behind me, focusing only on the positive. Thank you to everyone who supported me throughout this process."
Metro
9 hours ago
- General
- Metro
Here's how you can find out if you're owed money from your state pension
Most of the people impacted by this are women (Picture: Getty Images) Listen to article Listen to article Your browser does not support the audio element. Thousands of people could have missed out on payments towards their state pension. Parents and carers who took time off work to look after children before 2010 may not have received all of the state pension payments they were owed. This is due to gaps in their National Insurance records – and only about 12,300 people have received their back payments. The gap in payments has been linked to Home Responsibilities Protection (HRP) – Metro explains what that is and how to find out if you're due some cash. What is Home Responsibilities Protection? HRP was designed to help parents and carers build up their state pensions while out of work to look after children or disabled adults. Those affected are being sent letters – but you can also check your eligibility online (Picture: Getty Images) The scheme was in place between 1978 and 2010. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Up Next Previous Page Next Page HRP was replaced by National Insurance credits in 2010, which automatically protect state pension entitlement if you claim child benefit and provide your NI number. What caused the error and how has it been fixed? These credits weren't properly recorded on people's National Insurance records in many cases – especially if child benefit claims made before May 2000 didn't include a NI number. This means some people may now be receiving a smaller state pension than they should – and the impact is mainly being felt by women. The Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) are working together to try and fix the problem. They are identifying people affected by missing HRP credits and updating their National Insurance records, so their state pension can be recalculated. In its 2024 annual report, the DWP estimated about 194,000 could be affected by the HRP error. It set aside £1.15billion to try and fix the problem. As of March 31 of this year, a total of 12,379 people have been repaid an average of £8,377. Why haven't eligible people claimed back their cash? You could be owed thousands (Picture: Getty Images) Letters have been sent out to people who are already over the state pension age, while HMRC continues to contact others who might be eligible. The government thinks it could take until 2027-8 to fully reimburse everyone who is owed money. Very few people who have received a letter about the error have gone on to make claims – and the government found many of those didn't understand the letters or recognise the term HRP. Others were worried the letter could be a scam, and some found the online process of claiming difficult to navigate. How do you check if you're eligible? There are plenty of eligible people who simply assumed they would not be eligible for the cash. If you're unsure, you should use the online checker to find out. You don't have to have received a letter to check your record. If you are eligible, HMRC will update your record and the DWP will recalculate how much state pension you are entitled to. Those already over state pension age and unable to apply online should call the National Insurance helpline on 0300 200 3500. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. Arrow MORE: Make money from your living room with these 7 investing tips for absolute novices Arrow MORE: Schools should teach money management after teens turn to AI for help, parents say Arrow MORE: Warning as building society to cut interest rates on dozens of accounts
Wales Online
17 hours ago
- General
- Wales Online
Letters sent out as people could be owed over £7,000 after error
Letters sent out as people could be owed over £7,000 after error HMRC is writing to around 370,000 people to inform them of a mistake that could be affecting their state pension, with thousands of individuals owed a significant sum HMRC has uncovered a historical error that means thousands of women could be due compensation to the tune of £7,859. The error primarily impacted women who gave birth in the 80s and 90s under the Labour Party government's tax department. Consequently, HMRC is now sending letters to these women about their potential entitlement to a significant payout. The mistake relates to Home Responsibilities Protection (HRP), a scheme aimed at reducing the number of years needed on your National Insurance record to qualify for the full state pension. Tax experts suggest that those most affected by this oversight are stay-at-home mothers who claimed Child Benefit between 1978 and 2000. For money-saving tips, sign up to our Money newsletter here . During this time, if you were at home raising children or caring for someone and receiving either Child Benefit or Income Support, you were eligible for HRP. However, the system was altered in 2010 when HRP was replaced with National Insurance credits. Unfortunately, for thousands of people, their HRP entitlement wasn't correctly recorded or transferred to their National Insurance record. This lapse by HMRC, which has now been recognised and is being rectified, means some individuals have gaps in their records, according to Birmingham Live. What's more worrying is that as a result, they may be receiving less state pension than they're entitled to, or will be in the future. The tax department has initiated the process of sending letters to roughly 370,000 individuals. They've pinpointed just over 5,300 instances of underpayment from January to September 2024, amounting to a total debt of around £42 million. On average, each person is due approximately £7,859. It's projected that about 43,000 of the affected individuals have unfortunately passed away, however, their families are still eligible to claim the owed sum. HMRC is prioritising those who have reached pensionable age and reaching out to them first. Article continues below To qualify, you must have been receiving child benefit in your own name (not a spouse or partner), your child was under 16 for the entire financial year in question, and you were not contributing to the married woman's 'reduced stamp'. Get daily breaking news updates on your phone by joining our WhatsApp community here .
Times
a day ago
- Business
- Times
UK house sales fall after April's stamp duty changes
Fewer house sales completed in April than in any month since the first lockdown after the increase in stamp duty costs. There were 55,970 residential transactions in the UK, according to the latest data from HM Revenue & Customs. That was 66 per cent fewer than in March, which was an especially busy month for estate agents, solicitors and removals companies. HMRC said it was the biggest month-on-month fall it had recorded. April was the slowest month for completions since May 2020 during the first lockdown, when the housing market was still effectively shut. By contrast, 165,340 sales went through in March, which was an 81 per cent month-on-month increase and the most since June 2021, just before the last stamp duty holiday was due to end.
The Courier
a day ago
- Business
- The Courier
7 Dundee, Fife and Stirling employers named on UK Government list for underpaying staff
Seven businesses in Tayside, Fife and Stirling were ordered to repay workers by the UK Government, it has been revealed. The Department of Business and Trade has released a list of 44 employers across Scotland that were told to make the payments. These included Stuarts of Buckhaven Butchers and Bakers, DSM Joinery Contractors Limited, The Style Room, Oshibori Scotland Ltd, Energy Dundee 4 U, Mr Browns, and Mountview Hotels Ltd. HMRC investigations between 2015 and 2022 found these employers had breached the national minimum wage law. The named businesses have now paid back the earnings owed to staff members. Reasons given by the government for minimum wage underpayment included wrongly deducting pay from workers' wages, failing to pay workers correctly for their time worked, and failing to pay the correct rate to apprentices. The Methil-based food processor was ordered to pay back £37,384.89 to 310 workers. The arrears were dated between November 2016 and November 2021. A Stuart's of Buckhaven Bakers & Butchers statement said: 'Once we were made aware of this situation, we worked with HMRC to ensure any underpayments were resolved immediately. 'As a result of this we as a company took the decision to become a real living wage employer and ensure that everyone over the age of 18 is paid a minimum of £12.60 per hour.' The construction firm registered in Dunfermline was ordered to pay back £3,905.50 to two employees. The arrears were dated between September 2018 and September 2019. DSM Joinery Contractors has been approached for comment. The former hair and beauty salon in Doune was owned by Ms Stacey Baker. It was ordered to pay back £3,582.87 to one employee. The arrears was dated between September 2011 and September 2016. The Courier was unable to contact The Style Room for comment. The owner of the Japanese restaurant in Dundee has been ordered to pay back £3,328.44 to five employees. The arrears were dated between April 2018 and October 2019. Damian Radzuin, manager of Oshobiri Scotland Limited, said: 'The matter referenced relates to a historic issue from 2019. 'At the time, we genuinely believed that all staff were being paid correctly and in accordance with national minimum wage regulations. 'Following an HMRC investigation in early 2021, it was brought to our attention that underpayments had occurred due to an oversight caused by outdated payroll software. 'We acted immediately to rectify the situation in full, ensuring that affected employees received their arrears without delay. 'Since then, we have strengthened our internal payroll processes to ensure full compliance with all legal requirements. 'We are confident that all staff have been paid wages at the correct rates ever since. 'At Oshibori Scotland Ltd we take our responsibilities as an employer very seriously.' The energy and utility rate comparison firm has been ordered to pay back £1,263.65 to 15 workers. The arrears were between July 2019 and November 2020. An Energy Dundee 4 U statement said: 'Energy Dundee 4 U cleared all arrears at the time of investigation. 'This was an error based on paying new employees a set amount for their first training week, totalling £250 per person for 25 hours work. 'We were informed by HMRC this was not acceptable and we should have paid each individual an hourly rate. 'We then processed all employees existing and old amounts due, which ranged from £1-£30 per person.' The hair and beauty outlet in the Kirkcaldy area was ordered to pay back £986.58 to one employee. The arrears were dated between September 2017 and February 2018. The Courier was unable to contact Mr Browns for comment. The former operator of The Crags Hotel and Abbotsford Lodge in Callander was ordered to pay back £672.60 to one employee. The arrears were dated between July and September 2021. The Courier was unable to contact Montview Hotels Ltd for comment.
