The deadline for sending most online 2020/21 Self Assessment tax returns to HMRC, and for paying the related tax, is 31 January 2022. This year, HMRC will not charge you penalties straight away if you are a bit late. But you should still try to sort out your tax by 31 January if you can. ...
Following the October 2021 Budget, the Finance (No. 2) Bill was published. LITRG has provided written evidence on the measure which changes when HMRC can issue a ‘discovery assessment’ (a way of collecting unpaid tax). ...
The Low Incomes Tax Reform Group (LITRG) welcomes today’s (Thursday) announcement from HMRC that they will not charge late-filing penalties for 2020/21 self-assessment tax returns filed online on or before 28 February 2022. HMRC have also announced that no late payment penalties will be charged for ...
Most CIS workers receive a tax refund (rebate) after they submit their Self Assessment tax return because they usually overpay towards their tax bill through CIS deductions at source. The 2020/21 tax year may be different because of the inclusion of the Self-Employment Income Support Scheme (SEISS) ...
The CJRS (furlough scheme) came to an end on 30 September. Whilst late claims or amendments can be made in exceptional circumstances, this is not the only thing to consider. For example, all employers, at the very least, will need to keep records supporting the grants they have claimed, in case HMRC...
A call for evidence on umbrella companies has been issued – with the aim of providing the government with a detailed and up-to-date view of how umbrella companies operate. Here we tell you how to have your say....