HMRC Extends Tax Return Deadline
HM Revenues and Customs (HMRC) has announced it is extending the deadline until the end of February.
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How To Handle HMRC Penalties
Here are the main reasons why HMRC sends penalty notices, how much they tend to be and the best way to handle them.
Self-Assessment Customers Warned Of Potential Fines
HMRC have announced that it has pushed back late filing and payment penalties, meaning that self-assessment taxpayers who are unable to file their tax returns by the 31 January deadline will not be penalised. However, there will be interest on outstanding payments.
How Freelancers Can Claim Back Expenses Against Tax
nuary 31st deadline fast approaching for the self-employed to file their income tax self-assessments, many will be busily working out their incomings and outgoings for the year.
800,000 Tax Scams Recorded In 2021
HM Revenue and Customs has warned those who have to submit a tax return to be vigilant when doing so, as there has been almost 800,000 tax scams reported in the last 12 months. Businesses are getting their accounts ready to submit their Self Assessments by January 31st 2022, which means this is the time …
Do You Need To Complete A Self Assessment Tax Return?
Typically, there are seven main reasons why someone would need to submit a self-assessment:
The Worst Excuses Ever Attempted For Missing Tax Deadlines
Winter is tax season, and with that many people who have not been working on their self-assessment or business tax returns are getting in touch with their tax accountant to make sure they are paying the right amount at the right rate. As deadline day looms at the end of January, there will inevitably be people who …
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Government Announces Consultation For Online Sales Tax
The so called ‘Amazon tax’ is intended to address the imbalance between levies on high street businesses and the burgeoning online retail sector.
Budget Reveals Corporation Tax Changes
Businesses need to be aware of the latest changes to taxes that were revealed in the government’s recent Autumn Budget.
What Tax Allowances Are You Missing Out On?
Here are some common tax allowances you may be missing out on.