Penalties for filing a self-assessment tax return late increase the longer a return remains unfiled. A £100 initial late filing penalty (FA 2009, Sch 55 para 3) Daily penalties (£10 per day under FA 2009, Sch 55 para 4) A £300 penalty if the return had still not been filed 6 months after the penalty
How to pay your Self-Assessment tax bill: We’ll explain how your first tax bill is calculated, when you’ll need to pay it, budgeting for your first bill and paying HMRC. Next session: Wednesday 22 January – 11am to midday For quick ‘how to’ videos, there are several available on HMRC’s YouTube channel, including ‘How do
In the event of an investigation HMRC will ask; “In order to help me consider the behaviour involved and establish the penalty position, I would ask that you please state what systems were in place for the filing of your tax returns i.e. did you provide your tax advisers with information/documents and ask them to
Paying HMRC Paying Self-Assessment – Switch to Electronic We’re encouraging all customers to: Pay electronically. There are various methods available: • direct debit • faster payment, Bacs, CHAPS via online or telephone banking • debit or corporate credit card online. And receive any repayments electronically (Bacs) by: • providing their bank details on their return.
Please be aware of spoof emails saying you are due a rebate – HMRC will NOT email you if you are due a rebate, so if you get an email stating this please forward the email to phishing@hmrc.gov.uk – and then delete it from you system. Do not click into any links. Remember 3 weeks
The clock is ticking on 5.4m taxpayers who have less than a month to complete their self assessment tax returns by 31 January, with risks of tough penalties for anyone who has breached the high income child benefit charge (HICBC) £50k limit More than 11m 2018-19 tax returns are due back with HMRC by the
Most VAT-registered businesses with a taxable turnover above £85,000 need to submit their VAT returns using Making Tax Digital software. If your turnover is below £85,000 you can choose to follow the Making Tax Digital rules voluntarily. We have online help to get you started. Making Tax Digital for VAT: This live webinar provides an
If you miss a filing or payment deadline set by Her Majesty’s Revenue & Customs (HMRC) or Companies House, you’ll face immediate penalties and fines which escalate over time. Self-Assessment You must submit your annual Self-Assessment tax return and pay any tax you owe for the previous tax year by 31 January each year. HMRC
If you provide expenses and benefits to your employees, HMRC’s live webinars and other online support will explain how to treat them in your payroll. You can ask questions during the webinars using the on-screen text box. Expenses and Benefits – employee travel: Join us on this webinar to find out about travel and subsistence
High Income Child Benefit Charge deadline 31 January People who receive Child Benefit and earn over £50,000 may have to pay a tax charge known as the High Income Child Benefit Charge. If your clients are liable for the charge then they may need to file a tax return before the 31 January deadline. Telling
Get clear advice on completing your VAT return and find out how using a VAT scheme could help your business on our live webinars. You can ask questions using the on-screen text box. How to do your VAT return: We provide a basic overview of how and when to send a VAT return if you
If you’re an employer who provides expenses and benefits to your employees, we have live interactive webinars specifically for you. You can ask questions during the webinars using the on-screen text box. Expenses and benefits – social functions and parties: Christmas parties and other social functions for your employees need to be treated correctly for
HMRC offers online help with payroll tasks, including how to deal with expenses and benefits provided to employees. You can ask questions during this live webinar using the on-screen text box. Expenses and benefits – phones, internet and homeworking: If you provide your employees with a mobile phone, internet connection or homeworking expenses, we’ll show
HMRC will continue to help businesses prepare for Brexit in all scenarios, including the possibility of the UK leaving the EU without a deal on 31 January 2020. Many of the steps that you have already taken to get your business ready for Brexit will still be useful preparation for the UK leaving the EU,
Whether you’re a new or experienced employer, HMRC has a range of online support to help with employer responsibilities. HMRC and HSE working together for you – growing your business: HMRC and the Health and Safety Executive have joined forces to provide an overview of health and safety and taking on new employees. Next session:
Get clear advice on how to treat social functions provided for employees, such as Christmas parties and travel costs between workplaces, in the following live webinars. You can ask questions using the on-screen text box. Expenses and benefits – social functions and parties: If you provide social events for your employees, find out if the
If you make payments to employees who travel for business, we have online support to help you treat them correctly for tax and National Insurance. Expenses and Benefits – employee travel: This live webinar covers payments and reimbursements made to employees to cover travel and subsistence, including mileage payments to employees using their own vehicle
Get the help you need with your payroll tasks and responsibilities with HMRC’s online help. Join the following live webinar, during which you can ask questions using the on-screen text box: Expenses and benefits – trivial benefits: This webinar provides an overview of trivial benefits, whether they need to be reported and what your employer
Do you know that HMRC have a new online customer forum where you can post questions on a range of tax topics that are answered by HMRC experts? Anyone can view the forum. To post a question, simply register and create a profile – it’s that easy. There’s also an extensive Knowledge Base, where you
Making payments to HMRC easier Your clients may already be aware of the green ‘pay now’ button on a selection of how to pay guides on GOV.UK www.gov.uk/topic/dealing-with-hmrc/paying-hmrc, offering them the option to pay their liabilities quickly and securely using HMRCs preferred payment methods: • Direct Debit • Bank Transfer (Faster Payments, Bacs, CHAPS) •
Changes for UK employees and self-employed working in the EU, the EEA or Switzerland In the event the UK leaves the EU without an agreement, there may be changes for UK employers who have people working in the EU, the EEA or Switzerland, and for UK self-employed workers in the EU, EEA or Switzerland. Currently
21 Oct 2019 Towards the end of last week Prime Minister Boris Johnson was confident that a deal was on. He was clear, all that was needed was for Parliament to sit on Saturday for the first time in 37 years, and he sounded confident that he had the cross-party backing he required. However enter
If you trade goods with the EU, this may be of interest to you. The government has said that the UK will be leaving the EU. When the UK leaves there will be immediate changes to the way UK businesses trade with the EU that may impact your business. Getting ready for Brexit Choose a date
The government has said that the UK will be leaving the EU. When the UK leaves the EU there will be immediate changes to the way UK businesses trade with the EU that may impact your clients. Transitional Simplified Procedures Choose a date and time If you work with a business that imports goods this live webinar is
Our live webinars, videos and online guides give you key information and handy tips. Use them to ensure your payroll runs smoothly for all your employees, including directors. Expenses and benefits – social functions and parties: If you provide annual social events, including Christmas parties for your employees, join this live webinar to see if