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Tax returns must be completed by 31 January following the end of the relevant tax year for those who complete the tax return online and by 31 October following the end of the tax year for those who file by a paper return. Once registered, tax payers can submit their tax return online directly via the HMRC website, or from online platforms.
The deadline for new applications to complete online tax returns was in October, though it is still possible to get in touch with HMRC to discuss options to pay an expected tax bill before the 31 ...
An initial £100 fixed penalty, which applies even if there is no tax to pay, or if the tax due is paid on time After 3 months, additional daily penalties of £10 per day, up to a maximum of £900
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Under MTD, taxpayers will send HMRC summaries of their income and expenditure at least four times a year. HMRC says this will enable a more ongoing and accurate projection of tax due, as opposed to the current system of one tax bill at the end of the year. To do this, taxpayers will need to integrate their accounts with software in some way.
Above the allowance, the rates of tax payable on gains can also differ, depending on if you’re a basic, higher or additional rate taxpayer. More details on rates are here but check your personal ...
Following reports [6] [7] of conflict between HMRC and the Government Digital Service (GDS), HMRC has been developing its own service which allows users to sign in using an existing Government Gateway user ID. [5] HMRC will begin migration from the Government Gateway to the One Login For Government, a new system being developed by GDS, during 2023.
An online tool (known as "CEST": Check Employment Status for Tax) was made available by HMRC to enable workers or employers to determine employment status for tax purposes. [28] A revised version of the tool was issued in November 2019 following a stakeholder consultation exercise. [29]