Missed your Corporation Tax filing deadline with HMRC? You can still avoid late filing penalties. Have you been issued a penalty notice from HMRC for not filing your corporate tax returns? Worry not. You may still be exempt from late filing penalties if you are a vict...
GOV.UK summary: Millions of taxpayers filed their Self Assessment tax return for the 2023 to 2024 tax year by the deadline. More than 11.5 million taxpayers filed their Self Assessment tax return by midnight on 31 January. 97.36% of tax returns were filed online. 90.53% of expected filers ...
For income tax and corporation tax, routine check-ups happen a lot less frequently. HMRC’s focus here will be on anywhere they believe you’re making errors in your tax returns or suspect you’re trying to hide income on purpose. Generally speaking, you can expect a tax investigation to ...
5 October is the deadline for telling HMRC that you owe tax on a new source of income from the previous tax year. How to report savings income to HMRC In the month following the end of the tax year on 5 April 2024, you should get information from your bank about the interest earned...
Agents are unable to set up either a Direct Debit or an online Time to Pay arrangement on behalf of their clients. Your client should log into their Business Tax Account and, provided they have ‘PAYE for employer’ enrolment, they will be able to set up a Direct Debit themselves...
Technical tips – R&D tax credits Intangible fixed assets: common errors How to prepare for the death of a director How changes to corporation tax will impact associated companies Bounce back loan fraud Extended loss carry back guidance updated HMRC updates form 64-8 for...