Self Assessment Deadline: HMRC Offers New Payment Plans
In response to the looming deadline for self-assessment tax returns, a significant number of taxpayers, totalling almost 44,800 individuals, have proactively settled their tax bills, amounting to nearly £148 million. Proactive Taxpayers Take Advantage of Payment Plans As the deadline...
Mastering UK Self-Assessment Tax: 8 Steps to Tax Excellence
Self-assessment is used by HM Revenue and Customs (HMRC) in the UK to collect income tax. It requires individuals to report their income, gains, and any applicable reliefs or allowances, enabling the calculation of their tax liability. Entering the realm...
Self-Assessment Tax Return Tips To Make Your Filing Process Easier
As the 31 January deadline for self-assessment approaches, essential insights from experts shed light on key considerations when completing annual tax returns. In a new year filled with resolutions and business plans for 2024, it’s crucial not to overlook the...
File Your Self-Assessment Tax Returns Before The January 31 Deadline!
As the January 31st deadline for self-assessment tax returns inches closer, HM Revenue and Customs (HMRC) is sounding the alarm for the nearly 5.7 million customers who are yet to file their tax returns for the 2022 to 2023 tax...
Common Mistakes To Avoid During Your First Self-Assessment Tax Return
With the deadline for filing a self-assessment fast approaching, you may be more prone to making mistakes on your self-assessment tax return – especially for first timers. Here are the Common mistakes you need to avoid on your first self-assessment...
Self Assessment Tax Return for Expats Living in the UK
An expat is a person who resides outside their country of citizenship for an extended period of time. It is estimated that around 1.19 million people currently living in the UK are expats. As taxes in the UK are complex,...
Last Call: 5.7M Taxpayers on the Brink of Missing the Self Assessment Deadline
As the January 31 self assessment deadline approaches, a significant 5.7 million taxpayers find themselves in a scramble to meet their 2022/23 obligations. What adds to the challenge is the limited telephone support from HMRC, leaving many taxpayers and agents...
