To avoid being overwhelmed by penalty appeals from taxpayers, HMRC have said that they will not charge late-filing penalties for 2019/20 Self Assessment tax returns filed online on or before 28 February 2021. However, any tax due for the year is still payable by 31 January 2021.
Many people will be filing 2019/20 tax returns under Self Assessment and making payments right up to the deadline on 31 January. Others will have received Simple Assessments from HMRC some time ago and these need to be paid by 31 January also.
The Low Incomes Tax Reform Group (LITRG) is calling for the high income child benefit charge (HICBC) threshold to rise to avoid it hitting basic-rate taxpayers for the first time in April.1 LITRG says this is contrary to the original policy intent, and it is likely to cause the ...
There has been a lot going on around the CJRS recently. In this article we provide a brief update, look at the timing of CJRS claims since 1 November and also confirm the position regarding making amendments to previous claims.
The Low Incomes Tax Reform Group (LITRG) is urging people to complete their 2019/20 Self Assessment tax return online by the usual deadline of 31 January1 or risk a fine from HMRC. HMRC charge an automatic penalty of £100 for tax returns that miss the deadline, and the penalties increase ...
The LITRG has published a paper ‘A better deal for the low-income taxpayer'.