How to avoid getting stung by looming HMRC penalties
Before HMRC will agree to a Time to Pay arrangement they will want to make sure that you are trying to get your taxes right. That means…
Late taxpayers fined a record £130m by HMRC
The tax return deadline was on January 31, but HMRC waived the normal penalties for latecomers in light of the pressure omicron was putting on accountants and…
How to beat HMRC with these five tax return tips for 2022
HM Revenue & Customs issued an urgent warning to taxpayers and accountants to ensure Covid-19 support payments are fully declared on their upcoming tax return. If you…
More than a million freelancers face charges for missing self-assessment deadline
Andrew Chamberlain, of the self-employed trade body Ipse, said freelancers had already raided savings set aside to cover tax bills, just to stay afloat. Many would struggle…
How to beat HMRC with these five tax return tips
HM Revenue & Customs issued an urgent warning to taxpayers and accountants to ensure Covid-19 support payments are fully declared on their upcoming tax return. If you…
Savers wrongly overtaxed £3,250 on pension withdrawals
Sir Steve Webb, a former pensions minister and now partner at consultancy LCP, said it was a “disgrace” that ordinary savers who wanted to access their pension…
I’ve done it – I’ve found Britain’s most farcical tax
Another perversity is that the means test limit is applied per taxpayer, not household. Two parents who earn £49,999 each, with a combined income of £99,998, pocket…
Beat HMRC with these five tax return tips
HM Revenue & Customs has this week issued an urgent warning to taxpayers and accountants to ensure Covid-19 support payments are fully declared on their upcoming tax…
HMRC under pressure to delay tax return deadline as accountants call in sick with Covid
Adam Harper of the AAT said “Covid-related staff absenteeism” was a huge cause for concern and was “likely to escalate in the coming weeks”. “If HMRC decides…
What shall we do this Christmas? File our tax return
Thousands of people filed their tax return on Christmas Day ahead of another trying year for the self-employed and freelancers. More than 31,000 taxpayers submitted their self-assessment…
‘HMRC tax delays mean I will lose my house by the end of the month’
Another wrote she was also waiting on a five-figure refund after overpaying tax on a pension withdrawal. The taxpayer pleaded for help saying the money was her…
Wise co-founder Kristo Kaarmann told to hire tax advisers
Directors at the money transfer company Wise have told its billionaire chief executive to hire professional advisers after he was fined for defaulting on his taxes. Wise…