Filing a Self-Assessment Tax Return can be a long winded process. It can also be a daunting procedure for many people. If you make a mistake or submit the form late, HMRC will issue a penalty of £100 against you. UK taxpayers have an obligation to disclose taxable income to HMRC on an annual basis. […]
HMRC’s drive to combat tax collection gap and tax avoidance in recent years has extended to contractors working in the private sector contractors who, in the eyes of the tax authorities, are deemed to be a ‘disguised employee.’ The Intermediaries Legislation 35 (IR35) will come into force in the private sector from April 2020 and […]
As the self-assessment deadline looms, it is not only necessary to consider what might be owing for 2017/18, but also whether any Self Assessment Tax Payment on Account towards the 2017/18 liability need to be made. When are payments on account required? Self-assessment taxpayers must make Self Assessment Tax Payment on Account, unless: the self-assessment […]
Summary The appellant’s appeal against penalties (under FA 2009, Sch 55) for the late filing of his tax return for 2010/11 was allowed, as the assessment by HM Revenue and Customs (HMRC) of daily penalties was invalid, and as his imprisonment constituted a reasonable excuse against the fixed, six-month, and twelve-month late filing penalties. Background HMRC […]
How to make a Complaint to HMRC If a taxpayer feels that HMRC has made mistakes, treated them unfairly, or they have been subject to...
INCOME TAX PROPERTY INCOME Appeals Against HMRC Assessments Subject To Twenty Per Cent Deduction For Expenses Partly Allowed Th...