HMRC’s online Time to Pay system Time to Pay plans support those who cannot pay their tax bills on time by arranging regular monthly payments in return for avoiding any further late payment penalties Online payment plans can be set up for tax bills up to £30,000, without the need to...
After filing your Self Assessment return, you can then view and print the SA302 tax calculation summaries. You’ll also be able to: Check your unique taxpayer reference (UTR) number Claim tax repayments Make claims to reduce payments on account Notify HMRC of changes to self-employment Read ...
By June 6, 2025, we plan to no longer supportbatch mode for submissionof VAT return in theMaking Tax Digitalfeature. It’s still possible to generate in batch the report (VAT 100) in Excel and JSON formats. Retrieve information about VAT payments Follow these steps to retrieve inf...
As a PAYE employee I finally hit over 50k salary to be told that I need to pay back child benefit payments that I don’t claim but my wife who does not work does. But if I only earned 49k and my wife actually worked and was payed 49k we wouldn’t need to pay any back?! Comp...
Before you start to prepare and submit a VAT return to HMRC, complete the regularSettle and post sales taxjob for the period that you will report to HMRC. When this job is run, new sales tax payment transactions are created. To view these sales tax payments, go toTax>Inquiries a...
From 1 January 2023 HMRC is introducing simplified penalties for late submissions and payments. Late submission penalties will work on a points-based system. If your client does not submit their return on time, they may receive a late submission penalty point and a fine. Late ...
You’ll be charged late-payment interest on overdue payments for VAT accounting periods starting on or after 1 January 2023 (the VAT default surcharge will still apply to previous accounting periods). Need to know! Late payment interest is charged from the first day that the payment is overdue...
You can retrieve MTD VAT return details report from HMRC. The VAT returns details reports provides information about the amount you have paid to HMRC in the form of tax or reimbursement money from HMRC. 09 View MTD VAT Payments Now retrieve the VAT payment report which will contain all the...
The company tax return guide has been made clearer The CT600 guidance 2021 (version 3) in relation to coronavirus support schemes and overpayments has been updated following feedback from ACCA and other accountancy bodies. It includes revised wording suggested by the bodies ...
The ban is a response to new rules that mean HMRC will no longer be able to pass on thebank chargesfor processing credit card payments. The timing is likely to cause difficulties for some of the 11m Britonstrying to completetheir annual tax return, as it comes just before the January 31...