Number of late Self Assessment returns doubles, HMRC reveals

The number of taxpayers who failed to file their Self Assessment tax return on time has doubled, HM Revenue & Customs (HMRC) has revealed.

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What to do if you’re rejected for Time to Pay

An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed.

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Self Assessment: thousands spread tax liabilities in response to coronavirus disruption

Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.

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Self-Assessment: HMRC set to waive fines for late returns due to COVID-19

HM Revenue & Customs (HMRC) is set to waive fines for taxpayers who file their tax returns late, providing that they can prove that the delay was because of COVID-19.

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HMRC warns of tax scams ahead of Self Assessment deadline

HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.

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Self-Assessment: Taxpayers encouraged to file tax returns now to spread tax bill across the year

Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service.

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COVID-19: enhanced payment plans for Self-Assessment individuals

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.

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HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers

New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed.

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Key Capital Gains Tax changes for Self-Assessment taxpayers to be aware of

HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before 31 January 2021.

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Self Assessment: HMRC recommends completing online returns ahead of the deadline

Self Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC) recommends completing it as early as possible.

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Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first.

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Time to Pay threshold increased to £30,000

From this week, Self Assessment customers affected by Covid-19 can apply online to spread the cost of their tax bill into affordable monthly payments.

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The second round of  the Self-Employment Income Support Scheme (SEISS) opens for applications

The second stage of the Self Employment Income Support Scheme (SEISS) is now open, and applications must be submitted before the deadline on Monday 19 October 2020.

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Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.

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Last call on tax returns, says HMRC

HM Revenue & Customs (HMRC) is calling on taxpayers who have yet to submit their tax return to do so urgently.

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