New late payment interest and penalties
HMRC’s new late payment penalty and interest regime, which the Government started consulting on around seven years ago
CGT on UK property - a few quite interesting points
Taxpayers who have sold a property, which was not their main residence, must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises. However, there are some interesting rules that could catch taxpayers out
Another HMRC helpline closure
With 31 January looming, HMRC’s announcement, at very short notice, of new restrictions on its self-assessment helpline
29 November 2023
Another self-assessment threshold change
Further changes to who needs to file a self-assessment return. For tax year 2023/24, the self-assessment threshold for individuals taxed through PAYE only, will change from £100,000 to £150,000. From the tax year 2024/25, the threshold is being abolished altogether for employees, regardless of their level of earnings
How to claim marriage allowance - an HMRC update
Further information regarding HMRC’s confirmation of recommended practice when claiming the marriage allowance where one or both parties to the marriage/civil partnership is in self-assessment
12 October 2023
CGT on UK property - an update on paper returns
HMRC’s update on the use of paper returns for taxpayers who have sold a property which was not their main residence, who must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises