All the updated news related to self assessment

All the news related to self assessment updated in real time

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Personal Finance

Self-assessment taxpayers warned to watch out for bogus refunds and cash demands

Self-assessment taxpayers are being warned to watch out for scam emails, texts and calls which may offer a “refund” or demand unpaid tax. HM Revenue and Customs (HMRC) said people should be on guard, with more than 570,000 scams having been reported ...

15 Mar 2022 at 12:25

Personal Finance

More than a million self-assessment customers helped by extended deadline

More than a million self-assessment customers took advantage of an extended deadline to complete their tax return without facing a penalty in February. The deadline for submitting tax returns was January 31, but HM Revenue and Customs (HMRC) gave ...

01 Mar 2022 at 15:55

Personal Finance

1.5m taxpayers have a week left to file self-assessment returns

Around 1.5 million customers have just a week left to file their self-assessment tax return and avoid a penalty, HM Revenue and Customs (HMRC) is warning. Some 10.69 million customers have already filed a 2020/21 tax return. The deadline for ...

21 Feb 2022 at 13:25

Personal Finance

Nearly 66,500 ‘early birds’ file returns on first day of new tax year

Nearly 66,500 people filed their 2021/22 tax return on the first day of the new tax year, HM Revenue and Customs (HMRC) has said. In recent years, increasing numbers of “early-bird” customers have been filing their completed self-assessment ...

12 May 2022 at 16:25

City

2.3 million taxpayers have until end of February to avoid late filing penalties

More than two million taxpayers need to file their self-assessment returns by the end of February in order to avoid penalties. More than 10.2 million customers filed their 2020/21 tax returns by the usual January 31 deadline, figures from ...

01 Feb 2022 at 14:55

Personal Finance

Late tax return penalties will be waived for a month due to Covid-19 pressures

The taxman is waiving late filing self-assessment penalties for one month, giving people extra time if needed to complete their 2020/21 tax return and pay any tax due. Covid-19 is affecting the capacity of some people to meet their ...

06 Jan 2022 at 14:25

City

Four million taxpayers still to file returns ahead of January 31 deadline

Four million customers are yet to submit their completed self-assessment tax return and pay any tax owed – with just days to go before the January 31 deadline. In total, more than 12.2 million customers are expected to complete a ...

24 Jan 2022 at 13:56

Personal Finance

More than 1.8m people aged 65 or over filed 2020-21 tax returns, says HMRC

More than 1.8 million people aged 65 or over filed a tax return for the 2020-21 tax year, according to HM Revenue and Customs (HMRC) figures. This figure was higher than just over 1.4 million people aged 25 to 34 years old who ...

12 Jan 2023 at 12:52

Personal Finance

Nearly £67m of self-assessment tax bills paid via HMRC app since April 2022

Nearly £67 million-worth of self-assessment tax bills in total have been paid via HM Revenue and Customs’ app since April 2022. The revenue body said almost 65,000 taxpayers settled their self-assessment bills this way over ...

17 Jan 2023 at 10:23

Personal Finance

‘Lack of clarity’ concerns raised over impact of self-assessment helpline change

The chairwoman of a powerful Commons committee has expressed disappointment at a “lack of detail and transparency” over questions on the summer closure of an important taxpayer helpline. Harriett Baldwin was speaking after ...

28 Jun 2023 at 15:58

Personal Finance

Self-assessment taxpayers have just hours left to file returns on time

Self-assessment taxpayers have just hours left to file their online returns – or face a £100 fine. HM Revenue and Customs (HMRC) is expecting more than 12.1 million tax returns to be filed for the 2022-23 tax year, along ...

31 Jan 2024 at 02:45

Personal Finance

Self-assessment tax return deadline looms

Self-assessment taxpayers have until the end of Wednesday to file their online returns – or face a £100 fine. HM Revenue and Customs (HMRC) is expecting more than 12.1 million tax returns to be filed for the 2022-23 tax ...

30 Jan 2024 at 12:39

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