Thousands of people celebrated New Year’s Eve by easing their tax return burden. HMRC reported 24,546 people spent the final hours of 2015 submitting their self assessment tax return online.
HMRC is blocking valid tax repayments by imposing a four-year rule which the Upper Tribunal says does not apply.
Chancellor Osborne opened a large can of worms with his ‘surprise’ announcement that the annual tax return would be phased out by 2020.
It’s the first Budget of the year and George Osborne is expected to scrap the annual paper tax return and further increase the personal income tax allowance.
HMRC have released a list of the 10 worst excuses for missing the 31 January tax return deadline, however there are a number of cases where HMRC’s limited definition for what constitutes a reasonab
So it’s January, hurray!
Each year, AccountingWEB tries to lend a hand to stressed practitioners during one of the busiest times of the year: Self assessment season.
Hi, my client changed from a sole trader to Partnership in June 2013 and I am just completing the 2014 Tax Returns for the partners.
Currently where a person owes tax of up to £3,000, the tax may be coded out through the taxpayers PAYE code.
- Declaring dividends in self assessment tax returns 32,378 10
- Dealing with foreign dividends 25,655 5
- Correcting errors on previous returns 18,288 3
- Get ready for self assessment again! 17,112
- End of tax returns: Expert view 16,684 48