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Self-Assessment deadline extended

HMRC has confirmed that the deadline for those filing their 2019-20 Self-Assessment tax returns online has been extended from 31 January 2021 to 28 February 2021.  Taxpayers will not receive an automatic £100 late filing penalty if they file their 2019-20 return...

2019/20 Self-assessment deadline approaching

2019/20 Self-assessment deadline approaching

The deadline for submitting your 2019/20 self-assessment return is 31 January 2021. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions...

Chancellor Announces Budget for 2021

Chancellor Announces Budget for 2021

Chancellor Rishi Sunak Announces Budget for 3 March 2021 The Budget is an annual announcement from the Chancellor of the Exchequer about the Government’s plans for spending and taxation for the upcoming tax year. Next year’s Budget will outline plans for the 2021/22...

Enhanced Payment Plans for Self-Assessment Taxpayers

Enhanced Payment Plans for Self-Assessment Taxpayers

Self-assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up installment arrangements for...

Self-Employment Income Support Scheme (SEISS) extended

Self-Employment Income Support Scheme (SEISS) extended

The Chancellor has today announced increased support available for the Self-Employed under the Self-Employment Income Support Scheme (SEISS).  There are two further grants available under this scheme, covering the periods November 2020 to January 2021 and February...

State Pension Age Increases – Start Retirement Planning Now

State Pension Age Increases – Start Retirement Planning Now

State pension age increases to 66 years’ old It's Official! From 6 October 2020 men and women in the UK will now have to wait until their 66th birthday to receive their state pension. UK residents born between 6 October 1954 and 5 April 1960 will now receive their...

Self-Assessment Tax Returns 2019/20 – Take Action Now!

Self-Assessment Tax Returns 2019/20 – Take Action Now!

Upcoming Self-Assessment Deadlines There are a number of upcoming deadlines for Self-Assessment taxpayers: Registration for Self-Assessment: 5 October 2020 Submission of paper tax returns: 31 October 2020 Submitting of electronic tax returns: 31 January 2021 Payment...

Deferral of Tax Payments

Deferral of Tax Payments

The Chancellor has today announced an extension for the deferral of Self-Assessment tax payments due in January 2021, which is expected to benefit around 11 million Self-Assessment taxpayers. This is in addition to the deferral which was previously announced in...

Pension Scams: £30m Lost Since 2017!

Pension Scams: £30m Lost Since 2017!

Over £30 million has been lost to pension scams since 2017, according to the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR). A total of £30,857,329 in pension savings has been lost to scammers since 2017, data published by the FCA and the TPR...