Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent.
It’s important to stay up to date with the latest regulations and requirements related to taxes, including Value Added Tax (VAT) to avoid penalties.
If you are running a business, handling VAT returns can be complex. You may have submitted returns with errors previously if you were unsure of what to do and could be at risk of further investigation or fines from HM Revenue & Customs (HMRC).
The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return.
Taxpayers have been warned that they could face a penalty after HM Revenue and Customs (HMRC) said 5.7 million were still to file their Self-Assessment returns.
More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.
The Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative has been delayed by two years, it has been revealed.
A furnished holiday let (FHL) is a particular type of rental property classification in the UK.
Capital Gains Tax (CGT) is a tax applied on the profit you receive when disposing of an asset.
HMRC is launching a new penalty regime where VAT returns are submitted late or VAT is not paid on time.