Key Capital Gains Tax changes for Self-Assessment taxpayers to be aware of

25 Nov 2020

HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before 31 January 2021.

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HMRC: Update tax credit account or risk overpayment

24 Jul 2020

Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned.

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Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

20 Jul 2020

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.

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Chancellor orders review into Capital Gains Tax system

15 Jul 2020

The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced.

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COVID-19 – HMRC relax inheritance tax process

17 Apr 2020

HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic.

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HMRC: Self Assessment payment on account deferral scheme open to ALL taxpayers

27 Mar 2020

The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.

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Couples celebrate Valentine’s Day with £250 tax break

14 Feb 2020

HM Revenue & Customs (HMRC) is urging civil partners and spouses to celebrate Valentine’s Day by claiming the Marriage Allowance.

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HMRC: Record 11 million file Self-Assessment tax return before 31 January deadline

05 Feb 2020

According to the latest data from HM Revenue & Customs (HMRC), a record 11.1 million taxpayers filed their tax returns before the deadline on 31 January.

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National Insurance Contributions threshold to rise from April 2020

31 Jan 2020

The National Insurance Contributions (NICs) threshold will increase to £9,500 per year from April 2020, the Government has confirmed.

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3,000 taxpayers file Self Assessment on Christmas day

03 Jan 2020

More than 3,000 Self Assessment returns were filed on Christmas day, HM Revenue & Customs (HMRC) has revealed.

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