September 27th, 2012
September 3rd, 2012
Thousands of taxpayers warned they have one month to submit late tax returns and pay up under HMRC campaign
August 16th, 2012
Online Sellers
If you are an online seller, you have until 14 September 2012 to get your affairs in order. Make sure you pay before the deadline.
August 15th, 2012
New tax return penalties being sent to 0.5 million non filers
Around half a million people who still haven’t sent their 2010/11 tax returns to HMRC will start to receive additional penalty letters from this week.
August 14th, 2012
HMRC are offering taxpayers a chance to bring their tax affairs up to date
Individuals who register with HMRC to take part in the campaign and who submit their overdue returns and pay any outstanding tax by 2 October 2012, could avoid paying a penalty of up to 100% of the tax owed.
The initiative is principally aimed at higher rate taxpayers, but is also open to any individuals who have neglected to submit a self assessment tax return. After 2 October, HMRC will begin to pursue outstanding returns and unpaid tax, with higher penalties for those who have failed to come forward.
We can advise on all your tax planning needs. Please contact us on 01707 274454 for information that is tailored to your individual circumstances.
August 14th, 2012
Penalties for failing to file your in-year forms online
Almost all employers must file the in-year forms (P45 Parts 1 and 3 and P46’s) online. If you do not file online when required to do so, HMRC may charge you a penalty. The penalty will range from £100 up to a maximum of £3000 depending on the number of forms that should have been filed online.
May 14th, 2012
31 May is the deadline for Employers to give a form P60 to each relevant employee
Form P60 summarises the employees total pay and deductions for the year. You will need this to complete your Self Assessment Tax Return.
Give us a call if you would like us to do this for you, or simply just need some help or advice.
May 14th, 2012
Tax Credits Deadline 31 July 2012
Did you know it’s time to renew your tax credits?
Make sure you renew as soon as you get your form. This is to make sure you’ve been paid – and continue to be paid the right money. Find out who needs to renew, the forms involved, how to renew and what happens if you don’t, by visiting www.hmrc.gov.uk
December 7th, 2011
Self-Assessment Deadline year ended 5th April 2011
The deadline for filing your self-assessment paper return has now passed. There is still time to file on-line and the deadline is 31st January 2012.
If the 31st January 2012 deadline is missed HMRC will issue and initial fine of £100. If you are 3 months late you will incur additional penalties of £10 per day up to a maximum of £900. If your return is over 6 months late there are additional onerous penalties.
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