Tax News
The latest tax news from around the Houses of Parliament, HMRC, the Governement and the Web
HMRC extend Self-assessment deadline
No £100 fine for late self-assessment if it is made before February 28th- but taxes due will still be hit with interest.
Forgot about Self-Assessment deadline? Have a look at the fines
Here we show just how much a late return and /or a late payment on your self-assessment could cost you.
Tax free alternatives to the Staff Christmas Party in the time of COVID
While the annual Office Christmas Party may be scaled down, abandoned or moved online this year, there are other tax free ways to reward your employees and directors after a tough year for all.
Carry forward past years pension allowances
Previous years unused pension allowances can be carried forward so you can exceed the £40,000 tax free limit this year.
Understanding the SEISS Extension
If you’re self-employed, the latest U-turn in government policy could well benefit you. Instead of ending on the 1st October 2020, the Self-Employment Income Support Scheme (SEISS) is extending to April 2021.
HMRC list of the top mistakes employers make when paying the National Minimum Wage
HMRC list of the top mistakes employers make when paying the National Minimum Wage
Have you missed the the deadline to post your Self-assessment return
October 31st is the deadline for HMRC to have received your 2019/20 self-assessment return.
Home Working Allowance
If you are working from home you may be entitled to claim the working from home allowance? At £312 a year tax free, it is worth finding out if you qualify.
Self Employed- The end of the traditional Self Assessment return is nigh
HMRC extend Making Tax Digital rules to all VAT registered and Self Assessment returns starting 2023.
COVID 19 Business Support for Individual Landlords
Information on supports for landlords during the COVID-19 crisis.
- 5th October is the deadline for registering as Self-employed [2nd October 2020]
- Rishi Sunak's Summer Statement [8th July 2020]
- Self-Employment Income Support Scheme - Deadline Mon 13th July [7th July 2020]
- Self-employed: Should You Defer Your Second Payment On Account? [7th July 2020]
- Self-Employed Hospital or Key Worker Allowances [8th June 2020]
- Self Assessment - why file your 19/20 tax return NOW [6th April 2020]
- Increase in Minimum Wage from today [1st April 2020]
- Covid 19 help for the Self Employed [27th March 2020]
- You have 4 weeks left to file your 18/19 tax return to enable you to access the Self Employed Income Support Scheme. [27th March 2020]
- The Evolution of the Let Property Campaign and its Issues [25th March 2020]
- Covid 19 Emergency Measures announced for Business, Employees and Self Employed [20th March 2020]
- Budget 2020 Highlights [11th March 2020]
- Sole Traders – How to prepare yourself for the New Tax Year 20/21 [10th March 2020]
- Who needs a UTR number anyway? [2nd January 2020]
- How to pay less tax in 2019-20 for Small Business Owners [25th March 2019]
- Student Summer Jobs and Tax, all you need to know. [24th July 2018]
- Ways to save on your tax bill [5th July 2018]
- 2018/2019 Tax Rates and Bands Now Integrated [13th March 2018]
- Ways to pay your Tax Bill [14th December 2017]
- How to reduce your tax bill if you are Self-employed [14th December 2017]
- Working from home - allowances for the self-employed [14th December 2017]
- Top tips on DIY Self-assessment tax returns [14th December 2017]
- Draft 2018 Tax Calculator [22nd November 2017]
- Act now or lose out on claiming back tax from 12/13; unused pension allowance 13/14 [30th March 2017]
- 2016/17 End of year tax planning-use your allowances to reduce your tax bill [30th March 2017]
- Spring Budget 2017 - the headlines [8th March 2017]
- Last minute return? Self Assessment checklist and tips [20th January 2017]
- Highlights of Philip Hammond's Autumn Statement [6th December 2016]
- Tax Credit overpayment problems predicted as the disregard drops back to 2005 level. [27th June 2016]
- 2015/16 End of year tax planning-use your allowances to reduce your tax bill [1st April 2016]
- Check your Tax Credits, or you could be out of pocket [27th March 2016]
- 2016/17 updates now live on the calculator [16th March 2016]
- Talking points from todays Budget Announcement. [16th March 2016]
- Emergency Summer Budget tomorrow, Wed 8th July. Get our updates on Twitter & Facebook. [7th July 2015]
- Summary of 2015/16 budget changes [18th March 2015]
- 2014/15 end of Tax Year planning-Use your Allowances to reduce your tax bill. [11th February 2015]
- Contracting / Freelancing - 10 pitfalls to avoid [1st September 2014]
- 2014/15 Tax rates and Thresholds are live [17th March 2014]
- Summary of Budget Tax changes for 2013/14 [21st March 2013]
- HMRC goes after property tax evaders [6th March 2013]
- New Child Benefit Loss Calculator [21st February 2013]
- Soften the Child Benefit blow with these tips [13th February 2013]
- More men over 50 becoming their own boss [7th February 2013]
- Looking to invest? The SEIS offers serious tax breaks. [16th January 2013]
- HMRC scheme offers a chance to catch up on VAT Returns [9th January 2013]
- £130 increase this year in cost of living for UK families [17th November 2012]
- New Child Benefit Charge. How much it'll cost you? [31st October 2012]
- Paper Based Tax Return Deadline: October 31st 2012 [25th October 2012]
- HMRC Tax Return Initiative [4th October 2012]
- HMRC Direct Selling [4th October 2012]
- 14th Sept: Deadline for online traders to come clean [12th September 2012]
- Only 1/3 think Budget helps middle income families [27th April 2012]
- New Tax codes to be issued as allowances rise [27th April 2012]
- Revenue to toughen up on Self Employed [27th April 2012]
- Public Opinion: Granny tax and high earners cut unfair! [27th April 2012]
- BUDGET: Government to scrap age related allowances [27th April 2012]
- BUDGET: Tax relief for games industry [27th April 2012]
- BUDGET: Chancellor announces tax changes [27th April 2012]
- BUDGET: Reduction on 50% tax [27th April 2012]
- How Britain’s richest avoid paying tax [27th April 2012]
- New rise in stamp duty attacked by IFS [27th April 2012]
- New Government could mean new taxes for expats in France [27th April 2012]
- Consultation to be held on ‘tycoon tax’ [27th April 2012]
- Tax Payers to receive personal statement by 2014 [27th April 2012]
- Cap could deter philanthropists from giving to charities [27th April 2012]
- Higher Air Passenger Duty may damage UK economy [27th April 2012]
- Tax Direction: Granny Tax II is media hype! [27th April 2012]
- New ISAs but 29% don’t understand them [27th April 2012]