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Do I need to do a tax return?
If any of the following apply then, YES, you need to do a tax return: You’re self-employed You’re a company director, minister, Lloyd’s name or member Your annual income is £100,000 or more You have...
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Maybe it’s because I’m a Londoner…that I leave tax so late
Around one in nine (11%) of the 560,000 people in Inner London who had to send in a tax return last year didn’t do so by the relevant deadline – 31 October for paper returns and 31 January for online...
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3 Self Assessment Life Savers – Estimates, Provisional and Corrections
There are only a few days left to file your Self Assessment Return for 2013 and if you haven’t done it you might be starting to panic! a common reason for last minute filing is being unable to get the...
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Simple Tax – a great way to file your return
I read about Simple Tax in an article in the Express… Backed by venture capital investors including EC1 Capital, Seedcamp and Charlotte Street Capital, SimpleTax was set up to help customers find...
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Will your tax return stand up to HMRC Profit Benchmarking?
HMRC have been doing lots of research on SME businesses, the most interesting areas of research are: Understanding Small and Medium Enterprise (SME) business life events – SME Customer Journey Mapping...
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Taxman reveals top 10 terrible tax excuses
Last years excuses used in unsuccessful appeals against HMRC penalties for late filing and payment. Here’s the full list: My pet dog ate my tax return…and all the reminders. I was up a mountain in...
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The end of Tax Returns and start of ‘Digital Tax Accounts’
In last weeks Budget, the Chancellor George Osborne announced that during a 5 year period starting in 2016 we will see the end of tax returns and the introduction of Digital Tax Accounts. According to...
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Any excuse will do to avoid £100 Self Assessment Penalty
On Saturday the BBC announced.. People who have filed late tax returns have been let off paying a £100 fine for missing the deadline, HM Revenue and Customs has confirmed. But the penalty has only...
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10 most common online self assessment issues
The deadline of the 31st January 2016 is fast approaching for filing 2014/15 Self Assessments online, thousands will probably file late and 50% will leave filing until January. Here are 10 of the most...
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Self Assessment 4 times a year if your income is above £10k
Most taxpayer find doing one return per year stressful enough but by 2020 anyone earning over £10k will be doing quarterly returns. ‘These changes are going to be very onerous,’ said Chas...
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When do you do your Self Assessment Return?
2014-15 Self Assessment facts summary: 11.26 million SA returns due 10.39 million returns were received in total Around 870,000 SA returns not submitted by 31st January 2016 10.39 million returns...
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