by superadmin | Apr 2, 2025 | HMRC, Tax
Around 1.1m of us missed the January 31 deadline to file our self-assessment tax returns for the 2023/24 tax year. For each person, this means at least a £100 penalty and potentially additional charges if the return continues to not be filed or the tax due paid for a...
by superadmin | Mar 26, 2025 | HMRC
Meeting tax obligations is costing UK firms around £15.4 billion a year according to the National Audit Office (NAO), the body responsible for scrutinising public spending, and it appears HMRC is underestimating these costs to taxpayers. This has a major impact on the...
by superadmin | Mar 19, 2025 | Personal Finance
February saw another cut in the Bank of England base rate by another 0.25 percentage points to 4.5%, the third cut since August 2024. But while this should provide some relief for mortgage and credit card borrowers, savers will also see the interest they are paid on...
by superadmin | Mar 5, 2025 | HMRC, Tax
While most of us were ringing in the New Year with a chorus of Auld Lang Syne or nursing a hangover from the revelries, nearly 25,000 people filed their tax return on January 1, 2025, according to HMRC figures. Most people – 2,603 – filed their returns between 14:00...
by superadmin | Feb 26, 2025 | Business Compliance
The official classification of company sizes is set to change from April, with many firms being identified as smaller than they were previously, which should make filing company accounts more straightforward. The new legislation, The Companies (Accounts and Reports)...
