Timely Payments in Income Tax Self Assessment consultation – LITRG response
LITRG have responded to HMRC’s consultation on proposals to introduce more timely payments of Income Tax Self Assessment liabilities.
LITRG have responded to HMRC’s consultation on proposals to introduce more timely payments of Income Tax Self Assessment liabilities.
Many people assume that a Self Assessment tax return is only required if tax is due. However, this is a common misunderstanding that can lead to unexpected penalties from HMRC. In this article, we look at when a tax return may be required and what to do if you have failed to report income ...
LITRG have responded to a Revenue Scotland consultation seeking views on proposed changes that would enable Revenue Scotland to use electronic communications as its default means of communicating with taxpayers.
GOV.UK Chat – a new AI powered chatbot – launched last month and is said to help people access government information more easily. But can you actually rely on it for tax information? In this article we explain what it does, explore how reliable it is, and set out some things to bear in mind if you ...
If you’ve recently received a notification from HMRC telling you to complete a Self Assessment tax return for the 2024/25 tax year, it may be due to the level of your savings income. We understand HMRC have used information they receive from banks and building societies to identify people who they ...
Criminals have become very good at copying HMRC’s branding, using official-sounding language and even including fake reference numbers, and it can be hard to know what’s real and what isn’t. It is important that you stay safe from scammers – but it is also important not to ignore genuine ...