Preparing for the self-assessment tax return deadline
With Christmas and the end of another year just around the corner, it can only mean one thing – the 31 January deadline for self-assessment tax returns is rapidly approaching. We know you probably have other, more fun things on your mind at this time of year,...
Tax changes to private residences for 2020/21
Landlords are being advised to prepare themselves for potentially significant tax changes coming their way in 2020/21. From 6 April 2020, HMRC is proposing three changes which could increase the capital gains tax paid on the disposal of any residential property by an...
HMRC owed £1.6bn in late self-assessment tax payments
New figures have revealed that self-assessment taxpayers owe HMRC more than £1.6 billion in late payments from 2017/18 alone. Although a record 11.5 million people submitted their tax returns before the 31 January 2019 deadline, not everyone has paid their bill to the...