A director’s loan is when you (or other close family members) get money from your company that is not: a salary, dividend or expense repayment money you’ve previously paid into or loaned the company Records you must keep You must…
Defer your Self Assessment payment on account due to coronavirus (COVID-19)
You had the option to defer your second payment on account if you were: registered in the UK for Self Assessment and finding it difficult to make that payment by 31 July 2020 due to the impact of coronavirus You…
Paying your Self Assessment tax bill
The deadlines for paying your tax bill are usually: 31 January – for any tax you owe for the previous tax year (known as a balancing payment) and your first payment on account 31 July for your second payment on…
HMRC is urging Self Assessment customers to complete their Self Assessment tax return before the 31 January 2020 deadline.
About 5.4 million taxpayers have less than a month to complete their Self Assessment tax returns before the 31 January deadline. More than 11 million 2018 to 2019 tax returns are due back with HM Revenue and Customs (HMRC) by…
£16 million funding boost to support thousands more customs experts
Thousands of customs experts will be trained and businesses supported for trading post-Brexit with thanks to £16 million in new government funding launching today. Published 3 September 2019 From: HM Treasury, HM Revenue & Customs, and Jesse Norman MP This…
One month to go before introduction of Making Tax Digital for VAT
Businesses are being urged to get ready as over 2,000 businesses are signing up for Making Tax Digital for VAT each day. Published 1 March 2019 From: HM Revenue & Customs, HM Treasury, and The Rt Hon Mel Stride MP…
Over 93% of taxpayers file tax returns by the deadline
HM Revenue and Customs (HMRC) reveals how many taxpayers completed their Self Assessment tax return by 31 January deadline. total of 93.68% of Self Assessment tax returns – a new record – were completed by yesterday’s midnight deadline, HMRC reveals…
Don’t miss out on Tax-Free Childcare
You could get up to £2,000 per child, per year towards childcare costs – find out if you’re eligible. Tax-Free Childcare Get up to £2000 per child For working families, including the self-employed, in the UK With children under 12…
Check your tax with the official HMRC app
1. What the HMRC app enables you to do You can use it to: view your tax code and an estimate of the tax you need to pay see your income and benefits check your National Insurance number view your…
Savers to earn 50p for every £1 saved thanks to Help to Save
Hardworking people on low incomes are set to benefit from a new government savings account that offers a 50% bonus. Help to Save will reward savers with an extra 50p for every £1 saved, meaning over 4 years a maximum…