Tax Return

By Chris Dawson January 24, 2017 - 1:50 pm

One week left to come clean on your tax return

There's just a week left to complete your personal Self Assessment tax return and file it online if you've not already done so. January the 31st is the deadline and there are fines of £100 for missing the deadline plus daily penalties of £10 per day

HMRC unleash ‘Connect’ computer to target tax evaders

HMRC’s powerful new “Connect” system is about to be unleashed on the general public zeroing in on anyone who may have failed to declare income they should be paying tax on. With the deadline of the 31st January rapidly approaching, HMRC probably already know if you've

HMRC reveals the 10 lamest excuses for a late tax return

The self-assessment deadline for tax returns for 2014-15 is now looming (end of the month!) and HMRC has issued a friendly reminder in the form of the 10 worst excuses they received last year. And yes, one of them is "The dog ate my tax

HMRC chase smaller online seller’s unpaid tax

The Telegraph reports that not only are HMRC chasing more online sellers to ensure that they're paying the correct tax, but that they are also actively looking for a high profile offender who's failed to declare their income to make an example of. It's not just

Budget highlights that will affect your business

George Osborne has delivered the final budget of this parliament, with the election just a few weeks away. It will be some time before the pundits come out with their full budget analysis but doubtless if you pick up any newspaper tomorrow you'll find out

Class 2 National Insurance changes for 2015

HM Revenue and Customs are planning to simplify the way you pay your National Insurance contributions in 2015. Currently, if you're self employed, you probably pay Class 2 contributions monthly and Class 4 contributions on your annual tax return. It's also quite possible that you're also

£85,000,000 fines for filling out tax return late

The government coffers are due to swell to the tune of £85m in £100 fines from the 850,000 people who failed to complete their tax return by January 31st this year. According to Sky, HMRC will complete mailing fines to those who should have submitted

Late 2010-2011 Income Tax returns will result in fines

For anyone who has to complete a personal income tax return for the year 2010-2011 you've got exactly a week left to submit it or you'll be facing a fine of at least £100. Up until this year HMRC have always imposed a fixed penalty of

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