Record number of people miss UK self-assessment tax filing deadline

Record number of people miss UK self-assessment tax filing deadline

A record number of 1.8 million people have missed the deadline to submit their UK personal tax return, a figure that is almost double last year’s total and the highest in the system’s 24-year history. This just goes to show the devastating impact which 2020 and the...
No Fine If Covid Makes You Miss Your Tax Return Deadline

No Fine If Covid Makes You Miss Your Tax Return Deadline

You will no longer be fined for filing your tax return late if your business has been affected by coronavirus. These new rules will benefit millions of workers and will alleviate some pressure off many individuals. Those affected businesses that will not be able to...
HMRC reject calls to relax tax return deadline

HMRC reject calls to relax tax return deadline

HMRC has rejected calls from professional bodies to relax the self assessment filing deadline. Penalty notices will be issued as usual to all who file late but more time will be allowed to appeal. The Institute of Accountants in England and Wales (ICAEW) have reported...
Are You & Your Business Ready For Brexit?

Are You & Your Business Ready For Brexit?

The UK has left the EU and there are now only 10 days remaining before we will be forced to face new rules for business with the EU. Additionally, we will also be forced to face a range of different protocols, especially when planning to travel abroad. These may...
Coronavirus Job Retention Scheme & Loan Schemes Extended

Coronavirus Job Retention Scheme & Loan Schemes Extended

The furlough scheme, which was meant to end in March, has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages – giving businesses and employees across the UK certainty into the New Year. In a move to ensure...