HM Revenue and Customs doesn’t forget about you once you reach state pension age, which is currently 66. Just because you may have stopped working, it doesn’t necessarily mean you’re off the hook when ...
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 ...
Once you’re registered, you can then file your tax return by filling out the Self Assessment tax return form either online or on paper. That being said, Making Tax Digital means that paper tax returns ...
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 ...
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 ...
Income tax is paid on money you earn – that could be from being in employment, being self-employed, receiving a pension and other forms of income, such as from letting a property ... a property or a ...