Taxpayers have been urged to be cautious of refund scams as the 31 January tax return deadline draws closer. Taxpayers reported 144,298 scam referrals to HMRC in the last year, according to Government figures. Nearly half (71,832) of the scams were fake self-assessme...
Never miss a deadline with a breakdown of Self Assessment payments on the Tax Timeline File your tax return directly to HMRC (if you’re a sole trader, director of a limited company or unincorporated landlord) Change your accounting year-end date anytime ...
You must send your VAT return by the deadline for your accounting period (ie the period for which you need to submit a VAT return to HMRC). The new late-submission penalty system is points based. You get a penalty point for every VAT return that’s submitted late, until you reach a ...
HMRC COVID19 update 25th January 2020- Self-assessment customers will not receive a penalty for their late online tax return if they file by 28th of February. However any tax due for 2019-2020, that has not been paid on the 1st of February, will begin to incur interest. The usual rate...
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Your partner or another close relative died just before the tax return or the payment deadline. You had an unexpected stay in the hospital that prevented you from managing your tax affairs. You have a serious and/or life-threatening illness ...
Capital Gains Tax When you invest in liquidity pools and receive LP tokens in return, HMRC considers this a disposal, potentially resulting in Capital Gains Tax on any profit made. Cost Basis Calculation: Calculate the cost basis by summing the value of contributed tokens. Deduct this from the...
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 ...
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...
The deadline for filing taxes in the UK varies depending on the filing method. For individuals using self-assessment, the deadline... Read more Payment Options HMRC offers several payment options for your tax bill. You can choose to pay online using a debit or credit card, or make a bank...