HMRC to rake in bumper £10.4 billion from tax on savings

In a recent report, HMRC has announced that they are set to collect a staggering £10.4 billion from tax on savings this year. This increase in revenue is due to the rise in interest rates and the growing number of people saving money in various accounts. The government agency is urging individuals to ensure they are paying the correct amount of tax on their savings to avoid any penalties.

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