More help with paying self assessment tax
Tax NewsHMRC announced on Friday that it will not charge the 5 per cent late payment penalty on self assessment tax which is not paid by 3rd March.
HMRC announced on Friday that it will not charge the 5 per cent late payment penalty on self assessment tax which is not paid by 3rd March.
If you are an employee working from home on a regular basis you may be eligible to receive or claim for a tax free payment to cover your home working costs. If you have had to work at home due to
Self Assessment tax returns were due to be filed by 31 January 2021 but with less than a week to go to the deadline HMRC decided to extend the deadline for submission to 28 February 2021 without penalty.
Did you know that if your earnings for the year are below the tax threshold you can pass 10% (currently £1,190) of your tax free allowance to your partner if they pay tax at the basic rate of 20%?
As a sole trader or self-employed person you won't have to pay tax on your earnings until 31 January the year after your first accounting period ends. Finding out how much tax you will have to pay when you first tax return is submitted …
