1.1 million taxpayers miss self assessment filing deadline

While a record 11.5 million self assessment tax returns were filed by 31 January, the number missing the deadline increased by 100,000. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article […]

Self assessment paper filing deadline approaches

The deadline for submitting a tax return in respect of the tax year 6 April 2022 to 5 April 2023 is 31 October if submitting by post. Taxpayers submitting online have until 31 January 2024. Most individuals who need to submit a tax return are able to do so online. HMRC strongly encourages taxpayers to […]

P11Ds: filing online when a different agent is authorised

Many employers will outsource their payroll to one agent but use another for P11D reporting. As HMRC systems do not have the functionality to recognise multiple agents for the same head of duty (eg, employers’ PAYE), concerns have been raised about how agents in this situation can submit P11Ds online for clients. ICAEW’s Tax Faculty […]

Self assessment taxpayers to be moved to digital filing

HMRC is contacting almost 135,000 taxpayers who currently file paper self assessment (SA) tax returns to tell them that they will need to phone HMRC if they require a paper form. The SA forms will no longer be available to download from gov.uk. As part of HMRC’s digital by default approach, HMRC is contacting some […]

12 tips for buy-to-let landlords filing a 2021-22 tax return

The deadline for landlords to file their self-assessment tax returns for the 2021-22 tax year is creeping up, with the final cut-off on Tuesday 31 January. Those who forget or put off filing their return could be hit with an automatic £100 penalty plus further increases, so it’s important not to leave filing to the […]

6 things pension savers need to know before filing their 2021-22 tax return

Some pension savers could be missing out on pension tax relief by not filling out a tax return – but there’s still time to submit. There are other reasons you may need to file a self-assessment tax return, such as if you breach your annual allowance on your pension. With the 31 January deadline looming […]