HM Revenue and Customs (HMRC) have begun reminding taxpayers that time is ticking for getting self-assessment tax returns filed in time for the 31 January 2025 deadline. More than 3.5 million tax returns have already been submitted, however HMRC are anticipating more...
HM Revenue and Customs (HMRC) have issued a press release debunking some common myths about whether or not someone needs to register to complete a self-assessment tax return. The basic requirement is that anyone who needs to complete a self-assessment return for the...
Filing your self-assessment tax return correctly is not just about fulfilling a legal obligation; it’s about safeguarding your financial well-being. Here are comments from IACEW why taking extra care in this process is crucial: “A taxpayer should take reasonable care...
Surely, we’ve all had to rely on excuses for homework not being done when were young. The most familiar must be the old, “my dog ate my homework”. Classic. Would you be surprised to hear that people have been equally creative when it comes to reasons for being late on...
Are you self-employed or have a business from which you earn dividends? If your UK tax bill is more than £1000 for a tax year and you pay less than 80% of your income tax at source i.e. salary income from which PAYE is deducted, HMRC will ask you to make advance tax...
There are some nasty consequences when you're late on your personal tax return. That's why it's important to be aware of the deadlines and make sure you file your tax correctly! In this post we set out the deadlines so that you don't have to miss another tax return...
Have you received a self-assessment tax penalty from HMRC and have reasonable grounds for an appeal? In this post we'll provide guidance on how to appeal your tax penalty. (Note: If you're a TaxDash user and you opt to pay the amounts outstanding instead of appealing,...
The first thing to make sure is when your tax return is due. HMRC deadlines for paying your tax bill are usually: 31 January - for any tax you owe for the previous tax year (known as a balancing payment) and your first payment on account 31 July - for your second...