Self-Assessment

15 January 2025

The risks of penalties for taxpayers with no tax liability
A recent tax case where the taxpayer lost their appeal at the First-tier Tribunal (FTT) against a Ł1,600 late filing penalty, arguing they were unaware of their responsibility due to living abroad and having no tax liability

08 January 2025

5.4 million yet to file their tax return
Statistics on taxpayers who filed their self-assessment tax return on New Year’s day and a reminder of how to start for those that haven’t

07 January 2025

Tax relief for personal pension contributions (self-employed) - a case study
The criteria for tax relief to be given for a self-employed individual paying into a personal pension and how that tax relief works

31 December 2024

Over 40,000 people filed their tax return over the Christmas break
Statistics on taxpayers who filed their self-assessment tax return over the festive break and a reminder of how to start for those that haven’t

30 December 2024

Self-assessment and NIC reminders from HMRC
HMRC’s latest guidance, which covers Simple Assessment, basis year reform, Making Tax Digital and the best way to pay voluntary National Insurance contributions

11 December 2024

Spreading the cost of tax bills - an HMRC Press Release
HMRC's latest guidance, for taxpayers unable to pay their tax bill in full, about spreading the cost by using HMRC's Time to Pay arrangement

06 December 2024

Online platforms to start sharing some user sales and personal data with HMRC from January 2025
HMRC’s changes affecting online platforms. HMRC has issued a press release reminding people there are no changes to tax rules for people selling their unwanted possessions online

14 November 2024

HMRC reduces late payment and repayment interest rates
HMRC’s changes to payment and repayment interest rates, following the latest reduction in the base rate recently announced by the Bank of England

29 October 2024

Under-declaration of foreign income - new HMRC figures
New HMRC analysis of the offshore tax gap, which shines new light on under-declaration of foreign income by UK residents

24 October 2024

Fewer than 100 days left to file self-assessment tax returns
The numbers of taxpayers who filed their self-assessment tax return so far, and the requirement to complete a tax return

18 October 2024

MTD - new HMRC interactive checker tool
MTD for Income Tax Self-Assessment (MTD ITSA), which becomes mandatory for the first taxpayers from April 2026. The new tool is intended to make it simpler for taxpayers (and their agents) to understand if they are in scope of MTD ITSA and, if so, when they need to start complying with the requirements

11 October 2024

Self-assessment taxpayers urged to use online guidance as top five calls to HMRC helpline revealed
Self-assessment and information about filing a tax return

10 October 2024

New HMRC guidance on filing a paper tax return
A decision by HMRC that will make it easier for taxpayers to file a paper tax return

26 September 2024

Basis period reform for the self-employed - a case study
How basis period reform affects unincorporated taxpayers, i.e self-employed sole traders and those trading in a partnership, and a pensions planning opportunity

26 September 2024

Basis period reform - more HMRC guidance
How basis period reform affects unincorporated taxpayers, i.e self-employed sole traders and those trading in a partnership

30 August 2024

New HMRC guidance on the need to register for self-assessment
Self-assessment tax returns. HMRC has clarified some common myths

29 August 2024

Basis period reform - more HMRC guidance
How basis period reform affects unincorporated taxpayers, i.e self-employed sole traders and those trading in a partnership. Plus new HMRC guidance on setting up as a sole trader

15 August 2024

Basis period reform - new HMRC guidance
How basis period reform affects unincorporated taxpayers, i.e self-employed sole traders and those trading in a partnership

07 August 2024

22 July 2024

The cash basis of accounting - a reminder
How the new cash basis of accounting applies. HMRC has published a reminder