by superadmin | Jul 31, 2025 | HMRC, Tax
Around 600,000 late-filing penalties have been paid to HMRC in the last five years by some of the lowest earners in the UK despite them not owing any tax, according to Tax Policy Associates. Missing the filing deadline of January 31 for a self-assessment tax return...
by superadmin | Jul 2, 2025 | HMRC, Tax
The Government’s new Pension Schemes Bill is expected to make it easier for millions of people to manage their pensions, by improving returns, and combining smaller pension pots to create bigger and better pension funds. The benefits of combining smaller pension pots...
by superadmin | Apr 22, 2025 | HMRC, Tax
With the clock ticking toward the April 2026 deadline, many self-employed individuals, landlords, and small business owners are trying to make sense of what Making Tax Digital for Income Tax (MTD IT) really means. This guide offers comprehensive answers to the most...
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 Ruth Clark | Mar 12, 2025 | HMRC, Tax
Now is the time to work towards maximising your end-of-year tax planning before the new tax year starts on April 6. If you haven’t used all your allowances and reliefs for this tax year, then in the coming month, you should make the time to address this. By using up...
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...
