You will need to both file a self-assessment tax return and make the relevant tax ... HMRC so they can provide you with the correct forms. You can phone them on 0300 200 3610, or +44 161 930 ...
TENS of thousands of low earners have been fined by HMRC despite owing no tax. Currently, individuals earning less than £12,570 a year do not pay income tax. Similarly, you are not liable to pay ...
Reality: Even if a taxpayer does not owe tax, they may still need to file a self-assessment return to claim a tax refund, claim tax relief on business expenses, charitable donations, pension ...
Those who earn more than £1,000 outside their regular employment were already required to file a Self Assessment tax form with HMRC. It is worth bearing in mind that HMRC will fine you for ...
Objective: Tax issues can be quite complex, especially when they relate to detailed scrutiny or reassessment notices. Therefore, advice from a Chartered Accountant (CA) or tax expert ensures that you ...
Anyone failing to return their self-assessment tax form on time could be fined up to £60 a day, the Inland Revenue said. The government crackdown is aimed at reducing the number of people who ...
What happens if you're late filing your tax return? If you miss the deadline to file your self-assessment tax return, HMRC could automatically charge you £100. HMRC must have received your tax return ...
The Inland Revenue Department (IRD) will take all steps to collect unpaid self-assessment taxes from taxpayers following the relevant legal procedure, the Department said today. The process will start ...
Income tax and National Insurance aren't paid by individuals earning less than £12,750, although people who are self-employed still have to submit a self-assessment tax return each year even if ...