Even if you do not owe the taxman any money, failure to complete and submit your tax return could result in a penalty costing ...

HUNDREDS of thousands of low earners have been slapped with hefty HMRC fines, even though they don’t owe any tax. Currently, ...

The end of January is upon us and with it comes a deadline many must take action before: filing a self-assessment tax return.. It’s not always a job looked forward to, but it is an important one ...

Advice Self-assessment customers need to know that the paper tax return deadline is midnight on 31 October, or they risk being slapped with a £100 fine. Tax returns: make sure you declare child ...

The exception is if your last Self Assessment tax bill was less than £1,000, or you’ve already paid more than 80% of all the tax you owe at source in the previous year (note that underpaid tax ...

HMRC will give you a £20,070 allowance tax free legally if you submit a self-assessment tax return in this circumstance.

‘You will need to submit a Self-Assessment tax return if, during the last tax year between April 6, 2023, and April 5, 2024, you: Were a partner in a business partnership; ...

More than 12 million people file a tax return each year to report any untaxed income to HMRC. The "countdown is on", said HMRC, for the 5.4 million customers who still need to send a self ...

HMRC said the £1,000 income threshold is key - anyone who earns more than this from their side hustle in a tax year may need to register for Self Assessment and complete a tax return. This includes ...