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 ...
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 ...
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 ...
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 ...
If you do not complete a self-assessment tax return you can fill in form R40 to claim the tax you were wrongly charged. If you complete a self-assessment tax return, you will need to make a change to ...
The rise in savings rates means many more people are forced to pay tax on their interest, as they breach the tax-free personal savings allowance with much smaller pots. Savers have finally been ...