HMRC has announced that Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April.
The payment deadline for Self Assessment…
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HMRC has announced that Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April.
The payment deadline for Self Assessment…
The government has published over 30 updates, consultations and documents on the UK's first ever Tax Day.
The announcements, which would traditionally be published at Budget, have been released…
Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has warned.
The online…
HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims.
According to HMRC, 440,000 claimants have yet to renew their claims. More than 2.5 million annual…
According to the latest figures from Action Fraud the average loss from pension scams has reached £50,949 this year.
That is more than double the typical figure of £23, 689 reported last year.
Action…
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true.
The CIOT says an increasing number of firms are contacting…
The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the Covid-19 pandemic.
According to the FSB, small businesses are coming up…
HMRC has warned taxpayers completing their 2020/21 tax returns to 'be on their guard' and stay vigilant in regard to tax-related scams.
Nearly 800,000 tax scams were reported in the last…
HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.
The measure will give those taxpayers affected by the coronavirus (COVID-19) extra time,…
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