HMRC has warned UK taxpayers that they must declare any foreign income or profits on offshore assets by 30 September to avoid higher tax penalties.

A record £5.2bn was received by HMRC in the last tax year and it is thought middle and working class families may also have to contribute in the future. 

A record £2.3bn was taken out of pensions pots under Pension Freedoms rules in the second quarter of 2018, HMRC figures have revealed.

HMRC has asked for a record 20,750 malicious websites to be taken down in the past 12 months, an increase of 29% on the previous year.