HMRC To Waive 5% Late Payment Penalty Fee
Read this story which reports that HMRC will waive the 5% penalty fee for late payments of tax due by January 31st provided that a payment plan is set up by April 1st.
Tag: income tax
Are You Paying Tax But Your Partner Isn’t? You Should Be Claiming Marriage Allowance!
If you pay income tax and your marriage or civil partner doesn’t, HMRC suggest you should be claiming Marriage Allowance reducing your tax bill by over £1,000. See the full story here.
Ways Chancellor Could Raise Taxes To Cover Covid Costs
Even more rumours about how Rish Sunak could raise taxes to cover Covid costs in this story.
Self-Employed IR35 Rules Changing in April
IR35 rules are changing in April to bring freelance workers more in line with salaried employees. Full story here.
Britons Urged To Check Personal Allowance Code To Make Sure Its Correct
Read this article explaining why it’s important to check your tax code when it arrives in the post.
HMRC Bows To Pressure To Extend Deadline For Tax Returns
HMRC has relented and extended the deadline for tax returns from 31 January to 28 February. Full story here.
Martin Lewis Advises On Tax Refunds After Job Loss
Martin Lewis advises on how to check to see if you are entitled to a tax refund if you lose your job in this article.
Self-Employed? Don’t Forget To Include SEISS In Your Tax Return!
Read this article about the importance of including Self Employment Income Support Scheme payments on your tax return.
Tax Rises Could Be Delayed Until Autumn But Stamp Duty Returning
Rishi Sunak has hinted that tax rises necessary to pay for Covid could be postponed until the autumn, but Stamp Duty on house purchases will return. Full story here.
Check Out The Personal Allowance Changes for 2021
See this article outlining the changes to Personal Allowance this year.