Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed. Continue reading
Category Archives: HMRC
Self-Assessment: HMRC set to waive fines for late returns due to COVID-19
HM Revenue & Customs (HMRC) is set to waive fines for taxpayers who file their tax returns late, providing that they can prove that the delay was because of COVID-19. Continue reading
HMRC warns of tax scams ahead of Self Assessment deadline
HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline. Continue reading
Self-Assessment: Taxpayers encouraged to file tax returns now to spread tax bill across the year
Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service. Continue reading
The most common Self Assessment errors, according to HMRC
With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. Continue reading
HMRC: Penalty payments for non-compliance increase by 62 per cent
HM Revenue & Customs (HMRC) penalties for non-compliance by taxpayers have risen by 62 per cent, according to the latest research. Continue reading
CJRS: Deadline for November claims fast approaching
Claims under the Coronavirus Job Retention Scheme (CJRS) for November must be submitted no later than 14 December 2020, it has been cautioned. Continue reading
COVID-19: Time is running out to make November furlough claims
Businesses have just days left to make a claim for staff furloughed in November, with the deadline ending on 14 December 2020. Continue reading
Advisory Fuel Rates: updates from 1 December 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to one month from the date of the new rates. Continue reading
Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC
Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed. Continue reading