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Under UK tax legislation, tax payers are obliged to notify HMRC when they have a liability to tax no later than 9 months after the end of the tax year in which they became liable. Depending on the circumstances and the tax owed, they may do this by registering for self assessment and completing a tax return by January 31.
Individuals also need to complete a self-assessment form if you have income from abroad that you need to pay tax on, or you live abroad but have income in the UK, or if your income from renting ...
2 January – The Home Office says it has fulfilled a pledge to clear a "legacy" backlog of 92,000 asylum applications lodged before July 2022. But after it subsequently emerges that over 4,000 cases are still waiting for a decision, the Office for Statistics Regulation (OSR) announces an examination of the figures the next day.
The Home Office’s purchase of a derelict prison for £15.4 million before deciding it cannot be used to house asylum seekers has raised concerns over its ability to stop such an “unacceptable ...
EDS ran the Inland Revenue's tax and National Insurance system from 1994 to 2004. [36] In 2003, the launch of a new tax credit system led to over-payments of £2 billion to over two million people. EDS later paid £71.25 million in compensation for the disaster. [37] In 2004, the contract was awarded to Capgemini. [38]
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Since autumn 2017 the United Kingdom budget typically takes place in the Autumn in order to allow major tax changes to occur annually, well before the start of the fiscal year. [2] The most recent budget was presented by Rachel Reeves on 30 October 2024. The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year.
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