It’s early summer – we’re into the new tax year. Most people won’t have started thinking about their personal tax return yet. But, did you know that if you get your return in before 31 July and your liability is lower than it was last year (and assuming you haven’t elected to reduce your payments already), the amount you owe on 31 July as a payment on account will automatically reduce as a result?
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If you haven’t received a letter from HMRC already, you’ll be receiving one very soon.
The starting date of Making Tax Digital for Income Tax (MTD) is less than a year away and with its additional administration and cost for the taxpayer, it is the single biggest change to the taxpayers’ reporting obligations since the introduction of self-assessment. Preparation is key… and we can help!
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Christmas is just around the corner. And – just beyond – is the deadline for filing your 2023-24 self-assessment tax return.
It must be with HMRC by 31 January 2025, but if you haven’t got round to completing it yet, or are concerned about a large liability – don’t worry! You are not alone, and we might be able to help. We might even be able to reduce your liability with some tax planning suggestions.
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It’s early June – we’re into the new tax year. Most people won’t have started thinking about their personal tax return yet. But, there are some real advantages to getting it done early.
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The deadline for filing a self-assessment tax return is 31 January 2024.
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The deadline for filing your 2021.22 tax return is fast approaching. If you haven’t gotten round to completing it yet, we might be able to help!
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As we approach the end of January, the personal tax return self-assessment deadline is looming. However, for the 2020/21 return due on 31 January 2022, HMRC is waiving late filing and late payment penalties for one month. This means that penalties will not be triggered unless the return is filed, or payment made after 28 February 2022.
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Christmas is just around the corner. And - just beyond - is the deadline for filing your 2020.21 self-assessment tax return.
It must be with HMRC by 31 January 2022, but if you haven’t got round to completing it yet, or are concerned about a large liability – don’t worry! You are not alone, and we might be able to help. We might even be able to reduce your liability with some tax planning suggestions.
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This year it could be more important than ever to know what liabilities you may face in January, with many businesses and individuals facing cash flow issues due to Covid.
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The deadline for filing your 2018.19 self-assessment tax return is 31 January 2020. If you haven’t got round to completing it yet, or are concerned about a large liability – don’t worry! You are not alone, and we might be able to help. We might even be able to reduce your liability with some tax planning suggestions.
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