Since announcing that late
filing penalties would not be imposed on 2019-20 self-assessment returns filed online
by 28 February 2021, HMRC has confirmed that the easement also...
The Office of Tax Simplification has published a call for evidence on how the tax system could made easier to navigate through smarter use of third party data.It is considering...
Latest statistics from HMRC
show that between October
and December 2020, 360,000 people made 907,000 withdrawals from their pension schemes
totalling £2.37bn. This was a 10%...
1 March 2021Pay CT liabilities for accounting periods ended 31 May 2020 for companies not liable to pay by instalments.Review HMRC car mileage fuel rates.2 March 2021Unpaid income...
We have reluctantly decided that the Taxation Awards 2021, which were due to take place on 13 May, cannot go ahead. Although we hope that by then many of the current lockdown...
Taxpayers will not receive a self-assessment
late filing penalty as long as they file their return by 28 February, HMRC chief
executive Jim Harra has announced.Taxpayers must still...
HMRC has not made enough progress on the loan charge, says the House of Lords’ economic affairs Finance Bill subcommittee. It is improving the way it manages the charge and...
After investigations into the digital service taxes (DSTs) adopted by Austria, Spain, and the UK, the US Trade Representative has concluded that each tax discriminates against...
The government should raise
the threshold for the high income child benefit charge to avoid it affecting
basic-rate taxpayers for the first time in April, says the Low Incomes Tax...
Employer BulletinA UK transition edition of the Employer Bulletin has been published. It covers the new rules for trading with Europe, cash declarations, business travellers and...
HMRC has reiterated its refusal
to waive penalties for late filed self-assessment tax returns - due on 31
January. This comes after further representations from the professional...
The government should soften its stance on late filing penalties in view of the pandemic situation and inadequate helpline capacity.In a letter to HMRC chief executive Jim Harra,...