Self Assessment: thousands spread tax liabilities in response to coronavirus disruption

14 Jan 2021

Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.

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Self-Assessment: HMRC set to waive fines for late returns due to COVID-19

13 Jan 2021

HM Revenue & Customs (HMRC) is set to waive fines for taxpayers who file their tax returns late, providing that they can prove that the delay was because of COVID-19.

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HMRC warns of tax scams ahead of Self Assessment deadline

07 Jan 2021

HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.

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Self-Assessment: Taxpayers encouraged to file tax returns now to spread tax bill across the year

06 Jan 2021

Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service.

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COVID-19: enhanced payment plans for Self-Assessment individuals

21 Dec 2020

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.

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HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers

07 Dec 2020

New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed.

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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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Self Assessment: HMRC recommends completing online returns ahead of the deadline

26 Oct 2020

Self Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC) recommends completing it as early as possible.

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Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

06 Oct 2020

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first.

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Time to Pay threshold increased to £30,000

02 Oct 2020

From this week, Self Assessment customers affected by Covid-19 can apply online to spread the cost of their tax bill into affordable monthly payments.

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