However, it’s currently possible to get around a 5% interest rate with some of the best paying easy-access savings accounts. This means that someone could earn upwards of £1,000 in interest on their savings each year by holding more than £20,000 in such an account, which they woul...
You. You’re responsible for finding out whether any tax is due on income that you earn. If taxable, you must report it to HMRC via Self Assessment and pay the tax when due. Everyone is personally responsible for making sure that they are paying the correct amount of tax when due...
You don't need to be an expert to complete your self assessment tax return. Find Out More How can I avoid being investigated? Tell HMRC what you owe and then pay it. Regardless of what anybody tells you, tax avoidance schemes often don’t work and instead result in paying more tax ...
You don't need to be an expert to complete your self assessment tax return. Find Out More Example: quarterly VAT accounting period If you submit your VAT return quarterly, but have been late three times, you’ll have three penalty points. If you’re late again you’ll get another penal...