selfassessment – Investorempires.com

self-assessment tax return

HMRC raises threshold for self-assessment to £3,000

An estimated 1.1 million people in the UK missed the 31 January cut-off for submitting their annual self-assessment tax returns, according to HM Revenue and Customs (HMRC). Each late filer now faces a penalty of at least £100, unless they can prove they had a valid reason for their delay.

Over one million taxpayers face fines after missing self-assessment deadline

For SME business owners contemplating a sale, the recent Capital Gains Tax (CGT) increases announced in the Budget present new challenges.

Millions face £100 penalty as midnight self-assessment deadline looms

Millions of people across the UK are at risk of penalties after HM Revenue & Customs (HMRC) revealed that 5.4 million taxpayers have yet to submit their self-assessment tax return.

5.4 million yet to file self-assessment tax returns, warns HMRC

With the self-assessment tax return deadline looming, HMRC has highlighted that as many as 44,800 taxpayers have already chosen to spread their tax payments via payment plans with the tax office

HMRC promotes tax payment plan as self-assessment deadline looms

HMRC raked in £5.9 billion from inheritance figures from April to January 2023 according to figures released this morning.

HMRC to close self-assessment helpline for three months