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HMRC penalties for 154,000 households after breaking cash withdrawal rule

💸 When This Cash Withdrawal Rule Backfires

Published by OOPSONLINE.IN · Source: Birmingham Live · 1 min read · · Updated

💀 OOPS SAYS

Because trying to buy a house in this economy isn’t already stressful enough, HMRC is here to welcome 154,000 households to homeownership with a surprise penalty. Isn't adulthood fun?

What actually happened

More than £1.5bn was withdrawn for property purchases, with the average withdrawal value £15,407.

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