Tax help during Covid-19
During the current situation, I am available to help clients remotely: Meetings can be held through telephone or skype instead of in person. Documents can be scanned and sent to me either through email or by using an online service such as Dropbox. I am available to answer queries through email or you can use […]
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 to avoid an instant £100 fine. The […]
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 year-end. There are […]
HMRC 31st October 2019 Tax Return Deadline
We have now passed the 5th October deadline to register for a 2018/19 tax return with HMRC. However, for those already registered with HMRC and issued with a notice to complete a tax return form, we are also rapidly approaching the 31st October 2019 tax return submission deadline. While the October deadline is intended for […]
5th October 2019 tax deadline
While people may remember the upcoming 31st October tax return deadline, and the 31st January one… often they forget about the 5th October deadline. If you have received untaxed income (such as from self-employment) in the year to 5th April 2019, then you must complete a 2018/19 tax return. In order for HMRC to issue […]
Explaining HMRC payments on account
Payments on account can often cause confusion due to both their calculation and the fact the payments straddle tax years. Basically, payments on account are just in-advance tax payments that are set against one future year’s tax liability. They are calculated based on the figures for the previous tax year, so unless the tax position […]
SA316 Notice to complete a 2019 tax return
HMRC has been issuing the notices to complete a tax return, for the 2019 year. The 2019 tax returns cover the year 6th April 2018 to 5th April 2019. Although there is a very final deadline of 31st January 2020 to submit the 2019 returns and avoid a fine, the goal should be to submit […]
HMRC 2019 Tax Return Form
One of the most common queries I receive is how to find the tax return form online…
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.
However for 2019…
31st January 2019 HMRC tax deadlines
There are two upcoming final tax deadlines in January 2019, relating to the 2018 tax return: Submission of the 2018 tax return form, covering the year to 5th April 2018. Payment of the tax liability for 2017/18. Also payment of the first payment on account for 2018/19, if due. Submitting a return after 31st January […]
The (often forgotten) December 2018 tax deadline
Many people remember the 31st January tax payment deadline, but often forget there is an additional tax deadline each year at the end of December. Where possible, the deadline for having tax liabilities taken through your tax code in a later year means the return must be processed by HMRC before the end of December at […]
Residential Property Capital Gains Tax payment timescale changes
From 6th April 2020, there are changes to how capital gains tax(CGT) on residential property is reported and paid. Rather than at present, where the details are reported in the next tax return and the tax paid the following 31st January, there will only be 30 days to submit a CGT return and make a […]