Everything you need to know about how to avoid penalties in filing your UK Self Assessment tax return online. Find tips on avoiding mistakes and fines.
12 Feb 2021
The government believes there are approximately 700,000 incomes of people who rent out second homes that are not being reported. This is equivalent to around a third of landlords in England and Wales not paying tax…
29 Jan 2021
HMRC recently announced that they wouldn’t be charging late-filing penalties for 2019/20 tax returns filed on or before 28th February 2021. However, this has led to some confusion over when you should file. The reality is…
07 Feb 2020
The Self Assessment tax return deadline has passed, and you might be one of many who missed it. If you did, you’ll have already received an automatic penalty. But there are ways you can sidestep this…
15 Aug 2019
By midnight on the 31st October 2019 or 31st January 2020, you need to file a Self Assessment tax return for the previous tax year. This accounts for all earnings you made between 6th April 2018…
28 Feb 2019
Not knowing when the Self Assessment is due isn’t deemed a reasonable justification for not submitting to HMRC on time. Yet there were many who either were late filing it, did so at the last minute,…
07 Jan 2019
Despite the constant reminder of the 31st January Self Assessment deadline, many still don’t submit there tax returns on time. Or there is carelessness in its completion, causing inaccuracies. It’s easy to think “I won’t be…
27 Nov 2018
Whilst HMRC send reminders to those required to complete the Self Assessment tax return, not everyone meets the tax return deadline. In fact, almost 750,000 taxpayers hadn’t submitted theirs when it passed in January 2018. And…
17 Sep 2018
If you don’t pay owed tax on time, you’re likely to receive a penalty from HMRC. Now, the old penalty system is set to be swapped for a new one. The draft legislation for the Finance…
09 Aug 2018
What is the government proposing, exactly, for Making Tax Digital (MTD)? We’ve known for a while that it’s coming, and that it will affect how we declare tax over the coming years. April 2019 is still…
13 Apr 2018
Through Making Tax Digital (MTD) for VAT, the government are seeking to modernise the way we process and submit our taxes. The overall scheme will see the assigning of a digital ID to every taxpayer, meaning…
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