HMRC 31st January 2020 deadlines

HMRC 31st January 2020 deadlines

As 2019 draws to a close, the upcoming holidays reduce the amount of time available to complete the 2019 tax returns and avoid fines. We have already passed the 31st October 2019 deadline to submit a paper tax return, so any returns submitted now must be done online...
Explaining HMRC tax codes

Explaining HMRC tax codes

If you have income taxed at source, such as from an employment or pension then you will receive a tax code (notice of coding) from HMRC. Tax codes look at your tax position and aim to collect the right amount of tax each month, so that the liability is correct at the...
HMRC Main Residence tax changes from April 2020

HMRC Main Residence tax changes from April 2020

If you have a taxable gain on a former main residence, there are 3 key changes to Main Residence tax relief planned to come into effect from 6th April 2020: The payment of any capital gains tax will be due within 30 days – I reported on this back in November...
HMRC 2019 Tax Return Form

HMRC 2019 Tax Return Form

One of the most common queries I receive is how to find the tax return form online. This should be easy, but regularly causes issues for people trying to find the tax return form. The 2019 tax return form, covering the year 6th April 2018 to 5th April 2019 has just...
2018 Late tax return penalty issues

2018 Late tax return penalty issues

For those who have not yet submitted a 2018 tax return, they would normally have already received a reminder letter from HMRC along with a £100 fine. This would have reminded them about the late tax return, as well as hopefully prevent them becoming liable to extra...