Let's be honest. Filing a tax return is nobody's idea of a great summer activity. That's probably why so many people shove it to the bottom of the to-do list, promise themselves they'll "sort it next month" and then find January looming with an uncomfortable sense of déjà vu. But what if this was the year you got ahead of the game?
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If you're a company director who files a self-assessment tax return, there's a change coming from 2025/26 that's worth knowing about as it may affect you. HMRC is asking for a bit more detail about some directorships going forward, nothing too complicated, but it's important to get it right.
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The end of the tax year on the 5 April has a habit of sneaking up on you! The good news is that a little bit of planning now might be able to save you money.
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After years of delays, Making Tax Digital for Income Tax (MTD for ITSA) is finally happening. If you're a sole trader or landlord, it's time to sit up and take notice.
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The Chancellor has delivered the Autumn Budget, finally providing some clarity for individuals and businesses following weeks of speculation in the media. Interpreting the announcements from a Budget can be a bit daunting, but you don’t have to wade through all the detail. In this feature, we’ve picked out the key headlines and explained them in a simple, straightforward way - so you can feel confident about what lies ahead for you and your business.
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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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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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