by adminjo | Feb 20, 2025 | Business, HMRC, Self Assessment, Tax Penalties
HMRC late payment interest rates to be cut Following the reduction in the Bank of England base rate, HM Revenue & Customs (HMRC) have confirmed that their interest rates will be reduced accordingly. Late payment interest will reduce to 7% from 7.25%. Repayment...
by adminjo | Dec 23, 2024 | HMRC, self employed
HMRC launch new interactive tool for self-employed people HM Revenue and Customs (HMRC) have announced the launch of a new interactive online tool and clearer guidance for those who are already self-employed and those considering it. The new tool explains what records...
by adminjo | Dec 18, 2024 | HMRC, Self Assessment
Spread the cost of your Self Assessment tax bill with HMRC’s Time to Pay With the holidays and end of the year fast approaching, it’s a good time to plan your finances for the new year. For those who file Self Assessment tax returns, the prospect of having to...
by adminjo | Dec 12, 2024 | Gov UK News, HMRC
New reporting for online platforms New changes come into effect from January 2025 where online platforms, such as eBay and Airbnb, will start sharing some user sales and personal data with HM Revenue and Customs (HMRC). Although these reporting requirements have...
by adminjo | Oct 14, 2024 | HMRC
Have a Child Trust Fund? Time to check if you can claim your savings! If you, or your child, was born between 1 September 2002 and 2 January 2011, there could be a savings account with your or their name on it – literally! More than 670,000 young people, aged 18-22,...
by adminjo | Sep 4, 2024 | HMRC, Self Assessment
Do you need to register for self-assessment? HM Revenue and Customs (HMRC) have issued a press release debunking some common myths about whether or not someone needs to register to complete a self-assessment tax return. The basic requirement is that anyone who needs...
