Time To Payis a service that allows businesses or individuals to agree an alternative payment plan withHMRCif they are having difficulty paying a tax bill. If a self-employed business owner who files theirSelf Assessmenttax return cannot pay the bill, for example, they may be able to use the...
Regrettably, it is. Paying tax on savings when you’ve retired because all your savings are in a pension is a drag, but whatever type of pension you have, a workplace defined benefit or defined contribution scheme, or any other private pension or SIPP, HMRC demands their share of the spo...
Myrtle Lloyd, HMRC’s director general for customer services, said: “We understand some customers might be worrying about paying their Self-assessment bill this year, and we want to support them. There is still time to set up a payment plan – to see if you’re eligible go to GOV.UK ...
Keep a detailed mileage log if you plan to claim for travel costs. If your landlord records are not accurate, complete and legible, HMRC can charge you a penalty, which can also apply if your Self Assessment tax return isn’t accurate. HMRC can ask to see proof of the information you ...
Initially, the reports of HMRC ‘warning’ people… Contractor Tax What are the Changes to the VAT Return Penalties? What is VAT? VAT – Value Added Tax – is an additional tax on anything… Contractor Tax Making Tax Digital for Income Tax Self-Assessment delayed What is Making Tax ...