Estimated tax gap figure remains in line with previous year
[ad_1] HMRC’s released figures estimate that the tax gap has held steady at 4.8% in percentage terms. In real terms, though, the tax gap increased to £36bn, an increase of £5bn from the previous year. ICAEW’s Tax Faculty looks at the key figures. HMRC published its annual data analysing the tax gap on 22 June […]
Overlap relief – new form to help with move to tax year basis
[ad_1] This summer HMRC plans to launch an online form to deal with requests regarding overlap relief and the administration of basis-period reform. Self-employed taxpayers with a year end other than 31 March or 5 April will be affected by the move to a tax year basis. They will need to establish any overlap relief […]
6 tips for online self-employed tax returns this year
[ad_1] 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 […]