Penalties waived for tax returns filed before 28 February

Penalties waived for tax returns filed before 28 February

Penalties will not be issued to taxpayers unable to meet the 31 January self-assessment filing deadline, if they file by 28 February 2021. Regardless of this latest announcement, those who can meet the 31 January deadline are encouraged to do

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Beware undisclosed property income!

Beware undisclosed property income!

Undisclosed property income has long been on HMRC’s radar and its data sharing system has made it easier to pursue those taxpayers at fault. Last month, Reuters reported on an investigation into the UK arm of Airbnb, conducted by HMRC,

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Stamp Duty Land Tax rules have changed

Stamp Duty Land Tax rules have changed

Effective 1 March 2019, the payment window for Stamp Duty Land Tax (SDLT) has been halved. SDLT must now be settled within 14 days of the sale instead of 30. This change affects all land and property transactions, whether commercial or

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Self-Assessment tax return: less fuss if you file early

Self-Assessment tax return: less fuss if you file early

We know that just the words ‘self-assessment tax return’ uttered in succession can induce feelings of trepidation in those required to file one. This often leads to a reluctance to tackle the task at hand, head-on. Though the 31st January

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The dangers of DIY tax returns: Why risk it?

There are and always will be plenty of people who opt to prepare and file their self-assessment tax returns themselves. This is commonly referred to as the ‘DIY’ approach. There are also thousands who choose to hand the paperwork over to

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How you pay HMRC is set to change

Due to a decline in demand for the service, from 15 December 2017 it will no longer be possible to make Tax/NIC payments at the Post Office via the Transcash system. Ultimately, HMRC would like to see everyone move to

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