142,000+ use payment plans to pay Self Assessment bill

HMRC's online Time to Pay facility has been used by more than 142,000 Self Assessment filers since April 2021, helping spread their tax bill. The Self Assessment deadline for 2020 to 2021 tax returns was 31st January 2022 but, this year, HMRC gave until 1st April 2022 to pay any tax owed and not face … Continue reading 142,000+ use payment plans to pay Self Assessment bill

Scammers targeting Self Assessment

HMRC warning to be on their guard as scammers target unsuspecting Self Assessment filers to try and steal money or personal information. HM Revenue and Customs (HMRC) is warning Self Assessment filets to be on guard following the Self Assessment deadline after more than 570,000 scams were reported to HMRC. At this time of year, … Continue reading Scammers targeting Self Assessment

Fraudsters seek to hijack personal tax accounts

HM Revenue and Customs (HMRC) is warning tax payers not to share sensitive personal information online to avoid their identities being used to commit tax fraud. HMRC is aware that criminals are attempting to obtain customers’ Government Gateway logins and other personal details, enabling them to register for Income Tax Self Assessment and submit bogus tax … Continue reading Fraudsters seek to hijack personal tax accounts

One week to file your Self Assessment return

About 1.5 million have just one week left to complete their late Self Assessment tax return. Time is running out for those who still need to file their Self Assessment tax return and avoid a penalty, HM Revenue and Customs (HMRC) has warned. The deadline for submitting tax returns was 31st January 2022 but, this … Continue reading One week to file your Self Assessment return

100,000 spread their Self Assessment tax bill

Almost 100,000 Self Assessment filers have used online payment plans to spread the cost of their tax bill into manageable monthly instalments since April 2021, HM Revenue and Customs (HMRC) has revealed. Once a customer has filed their 2020 to 2021 Self Assessment tax return, they can set up a Time to Pay arrangement for up to … Continue reading 100,000 spread their Self Assessment tax bill

Over 10.2 million filed their Self Assessment by 31st January 2022

HM Revenue and Customs (HMRC) has confirmed that more than 10.2 million customers filed their 2020 to 2021 tax returns by the 31st January 2022 deadline. More than 630,000 filed on deadline day and the peak hour for filing was 16:00 to 16:59 when 52,475 completed their Self Assessment. There were 20,947 who completed their … Continue reading Over 10.2 million filed their Self Assessment by 31st January 2022

HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if they need it, to complete their 2020 to 2021 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, … Continue reading HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

2,828 ’elf Assessments filed on Christmas Day

More than 31,000 Self Assessments submissions for the 2020 to 2021 tax year over the festive period. HM Revenue and Customs (HMRC) has revealed that 2,828 taxpayers filed their Self Assessment tax return on Christmas Day, compared to 2,700 in 2020. For thousands, filing their tax return on 25 December has become part of their … Continue reading 2,828 ’elf Assessments filed on Christmas Day

Self Assessment – Don’t be scammed!

800,000 tax-related scams were reported in the last 12 months HM Revenue and Customs (HMRC) is preparing to issue emails and SMS to Self Assessment filers reminding them to be on their guard after nearly 800,000 tax-related scams were reported. Fraudsters are using Self Assessment to try and steal money or personal information from unsuspecting … Continue reading Self Assessment – Don’t be scammed!

Just some extra cash!

HM Revenue and Customs (HMRC) are reminding individuals that obtaining additional income from various sources may need to be declared and subject to Income Tax. This is 'casual income' and you might need to pay tax on it. This may include money someone earns from things like: selling things, for example at car boot sales … Continue reading Just some extra cash!

Get ready for Self Assessment

The deadline to complete a tax return for the 2020 to 2021 tax year is approaching. HM Revenue and Customs (HMRC) is reminding Self Assessment customers to check that they have the correct information to complete their tax return. Deadlines for the 2020 to 2021 tax year is 31st October 2021 on paper forms and … Continue reading Get ready for Self Assessment

Furlough – the Ending credits of an epic

In early 2020, the world was introduced to the ‘furlough’ word as UK PLC closed down with 80% wages covered by grants provided through the Coronavirus Job Retention Scheme. The scheme, a temporary measure to combat the COVID-19 impacts on UK society, has aided over 11 million individual employments, avoiding mass redundancies. The CJRS scheme … Continue reading Furlough – the Ending credits of an epic

Tax refund company complaints increase

The Low Incomes Tax Reform Group (LITRG) is concerned that some people who have used a tax refund company to get a PPI (payment protection insurance) or working from home tax refund are now discovering that unconnected tax refunds are also going to the refund company, with further fees being deducted. Deed of assignment! People … Continue reading Tax refund company complaints increase

HMRC June 2021 Employer Bulletin

HMRC have issued the June 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are updates and information on the following: Coronavirus (COVID-19) updates and information Coronavirus: how HMRC will continue to support customers and the economyClaim working from home tax reliefContinued support for businesses: Statutory Sick … Continue reading HMRC June 2021 Employer Bulletin

Online Annual tax summaries

The online Annual Tax Summary shows ‎how much tax and National Insurance contributions someone has paid and how Government spends it. Individuals can find the summary by signing into their personal tax account using the Government Gateway User ID and Password that y used to enrol for Self Assessment online, selecting Self Assessment and then … Continue reading Online Annual tax summaries

Set up Self Assessment payment plans by 1st April 2021

Self Assessment taxpayers have until 1st April 2021 to pay any outstanding tax liabilities in full or set up an online payment plan to avoid a 5% late payment penalty. Self Assessment taxpayers have just over a week to pay any outstanding tax liabilities in full or set up an online payment plan for the … Continue reading Set up Self Assessment payment plans by 1st April 2021

File tax returns now to prevent penalties

Self Assessment taxpayers have less than one week to submit their late tax returns to prevent a £100 penalty. While 10.7 million taxpayers filed their return by 31st January 2021, more than 1.5 million taxpayers missed this deadline and are still to file their tax return. They are accruing interest on unpaid tax liabilities but … Continue reading File tax returns now to prevent penalties

More help for Self Assessment taxpayers

HM Revenue and Customs announces Self Assessment taxpayers will not be charged the 5% late payment penalty if pay their tax or set up a payment plan by 1st April 2021. Self Assessment taxpayers will not be charged the 5% late payment penalty as long as they pay the tax due or set up a … Continue reading More help for Self Assessment taxpayers

10.7 million tax returns filed by 31st January deadline

More than 10.7 million people have submitted their Self Assessment tax returns for the 2019 to 2020 tax year by the 31 January deadline. 12.1 million SA returns due10,743,387 returns received by 31 January - this includes Expected Returns, unsolicited returns and Late Registrations10,351,387 Expected Returns received by 31 January (85.25% of returns expected)392,000 unsolicited … Continue reading 10.7 million tax returns filed by 31st January deadline

Self Assessment 2021 – update

Dear @PAYadvice, On 25th January HMRC announced that Self Assessment customers will not receive a late filing penalty for their late tax return if they file online by 28‌‌ ‌February. This easement is for late filing penalties only. It does not affect any other tax obligations. A return received in February will be treated in … Continue reading Self Assessment 2021 – update

Changes to late filing penalty for 2019-20 Self Assessment returns

Dear @PAYadvice, Today HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28‌‌th February. We are still encouraging customers who have not yet filed to do so by 31‌‌st January, if possible. Customers still need to pay their … Continue reading Changes to late filing penalty for 2019-20 Self Assessment returns

Fascinating facts! Self-Assessment

HM Revenue and Customs shares some little-known facts about Self Assessment ahead of the 31 January 2021 deadline. Almost 100,000 people filed their tax returns last 6th April 2020, the first day of the tax year? With the 31st January 2021 deadline fast approaching, HM Revenue and Customs (HMRC) has shared some little-known facts about … Continue reading Fascinating facts! Self-Assessment

Self Assessment deadline: less than a month to go

Around 55% of Self Assessment customers have already filed their return, and HMRC is urging others to do so by 31 January. According to HM Revenue and Customs, around 5.4 million Self Assessment filers have less than a month to complete their tax return. HMRC expects 12.1 million tax returns to be filed this year. … Continue reading Self Assessment deadline: less than a month to go

Self Assessment filers warned about scammers posing as HMRC

Criminals are taking advantage of the Self Assessment deadline to panic customers into sharing their personal or financial details. As the HMRC issues thousands of SMS messages and emails as part of its annual Self Assessment tax return push, They are warning those completing their returns to take care to avoid being caught out by … Continue reading Self Assessment filers warned about scammers posing as HMRC

Self Assessment deadline – 31st January 2021

HMRC are encouraging those required to complete Self Assessment to complete their tax return ahead of the deadline on 31st January 2021, to make sure they have time to pay their tax bill or set up a payment plan. Self Assessment customers can complete their Self Assessment via the Personal Tax Account, which provides an … Continue reading Self Assessment deadline – 31st January 2021

Ready, steady, 100 days till the Self Assessment deadline

HMRC have issued a reminder to those who are required to submit a self assessment tax return. Dear @PAYadvice, There are just 100 days left to complete your tax return ahead of the 31‌‌‌ ‌January 2021 deadline. We know that this is a difficult time for everyone, but HMRC are here to help and support … Continue reading Ready, steady, 100 days till the Self Assessment deadline

Self Assessment – enhanced payment plan changes

Self Assessment taxpayers can apply online for additional support to help spread the cost of their tax bill into monthly payments from 1st October 2020 without the need to call HM Revenue and Customs (HMRC). The online payment plan service can already be used to set up instalment arrangements for paying tax liabilities up to … Continue reading Self Assessment – enhanced payment plan changes

Self Assessment registration deadline

HM Revenue and Customs are reminding tax payers who are required to do their first self assessment return which will relate to their tax affair from 6th April 2019 through to 5th April 2020 to register online. If you’re filing online for the first time You must have received your Unique Taxpayer Reference (UTR), enrolled … Continue reading Self Assessment registration deadline

Disguised remuneration Loan Charge – 20th September 2020 deadline

PAYadvice (as an AML HMRC regulated agent) can assist with the filing of the Loan Charge form on your behalf. If you need our assistance please make contact stating ‘Loan Charge’ within your contact message. HMRC have confirmed that any outstanding disguised remuneration loans that are subject to the Loan Charge must report the details … Continue reading Disguised remuneration Loan Charge – 20th September 2020 deadline

Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus

New HMRC guidance explains how Self Assessment customers who have been affected by #coronavirus can defer their payment on account that would normally be due in July. For those who need to defer, remember to cancel any direct debits set up to make this payment. HMRC will automatically treat it as a deferral if they … Continue reading Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus