Nov 8, 2022 | Business TaxPAYE and NIPersonal Tax
HMRC is raising interest rates on tax debt from 22 November following the recent 0.75% increase in the Bank of England (BoE) base rate. Interest will rise to 5.5%, in line with the base rate hike. The last time the rate changed was 11 October, when it went up by 0.5%...
Nov 3, 2022 | Business TaxGovernment AnnouncementsPersonal Tax
HMRC is reminding taxpayers to declare their self-employed income support scheme (SEISS) payments in their self-assessment return for the 2021/22 tax year. The Government paid SEISS grants to eligible businesses adversely affected by the Covid-19 pandemic. Over 2.9...
Nov 1, 2022 | Business Tax
According to the latest figures from Companies House, one in ten limited companies still file their annual accounts on paper instead of digitally. However, following the recent push to digitise tax records, the percentage of companies filing their returns online hit...
Oct 28, 2022 | Business TaxPersonal Tax
HMRC is reminding taxpayers that they have until Monday to ensure their paper self-assessment returns are filed. Due to postal strike action, the Revenue advises people to send their returns as soon as possible to avoid late-submission penalties. If a self-assessment...
Oct 25, 2022 | Business Tax
HMRC is reminding customers that there are less than 100 days left until the self-assessment tax return deadline. Taxpayers have until 31 January 2023 to complete their online return for the 2021-2022 tax year. Over 66,000 taxpayers got ahead by filing their returns...
