HM Revenue and Customs (HMRC) has outlined 10 valid reasons that could save you from a £100 penalty for missing the self-assessment deadline. A reasonable excuse is defined as an unforeseen ...

Mr Thompson appealed to the First-tier Tribunal, arguing HMRC should have known his income and informed him earlier of his exposure to the charge. He said it was “unfair” to penalise his ...

Chris Boulet, a Tax Partner at the firm, said: “If any tax due by 31 January 2025 is not paid in time, HMRC will charge interest. This is currently at a rate of 7.75% per annum, from the due date to ...

Provided they’ve met other requirements, they could be eligible to set up a payment plan with HMRC online. HMRC has warned more than three million taxpayers are risking getting a £100 fine by ...

HMRC is handing out fines of up to £360 to households across the UK who failed to meet their self-assessment tax deadline on Friday. Each year, millions of people who are self-employed, made ...

A 'double tax' warning has been issued to millions of UK households just days before the January 31 self-assessment tax deadline from HMRC. If you’re not careful, you could end up being taxed twice.

Although the tax rules haven't changed, platforms such as Vinted and other online marketplace's must now report certain information to HM Revenue and Customs (HMRC). HMRC has highlighted that the ...

WITH just two weeks until the Self-Assessment deadline, HM Revenue and Customs (HMRC) is urging millions ... another 5% or £300 charge, whichever is greater If you miss the January 31 deadline ...