Tips for returns for deceased individuals and estates

HMRC has issued a set of tips and reminders about self assessment returns for deceased persons and estates in administration. HMRC’s Agent Issue 114 includes advice for self assessment tax returns for deceased individuals and estates in administration.   Repayment claims  When notified of a taxpayer’s death, the agent authorisation held on HMRC’s systems ceases. An […]

HMRC’s tips to help protect taxpayers

HMRC has provided information about how taxpayers can help protect themselves when dealing with their tax affairs. HMRC has asked ICAEW to share some tips to help protect taxpayers when they interact with the tax system. An edited version is shared below. Don’t share your tax login details Never share your HMRC login details with […]

10 tips for goods import and export

Since the UK left the EU on 31 December 2020, more businesses are required to classify movements of goods as imports and exports. Ruth Corkin and Ed Saltmarsh set out advice for businesses. Previously, when British businesses traded exclusively with the EU, movements of goods were classified as acquisitions and dispatches. Now they are classified […]

6 tips to file your tax return by midnight and avoid a £100 fine

The final deadline for self-assessors to file their 2021-22 tax returns is midnight tonight – failing to do so could result in a £100 fine. Last week, HMRC said it was still waiting for nearly 3.4 million people to file their returns. While many will have done so by now, there is often a last-minute […]

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 tips for online self-employed tax returns this year

With the 31 January online submission deadline to file your self-assessment tax return just days away, now is the time to brush up on how best to do yours with our top tips. A self-assessment tax return is an online or paper form that must be submitted to HMRC each year by anyone who owes tax on […]