Time Is Running Out – Don’t Be An Easy Target!

Time is running out for three million people to submit their self-assessment tax return submitted to HMRC – the deadline is midnight on 31 January 2024.  Please don’t be an easy target for HMRC by missing the deadline as you will be automatically fined £100 even if there is no tax to pay. Self-assessment covers […]

Self Assessment Via App?

Did you know that you can do your annual tax self-assessment via an app on your phone?  More than 50,000 people have already used the service, so we decided to give it a whirl ourselves.  Good news!  Much as we normally criticise HMRC, we can find no fault with their self-assessment app.  It’s pretty much […]

Warning: Self Assessment Taxpayers Being Scammed

HMRC is warning that self assessment taxpayers are being aggressively targeted by crooks after more than 570,000 scams were reported to HMRC in the last year. In the 12 months to January 2022, nearly 220,000 scams reported to HMRC offered bogus tax rebates. At this time of year, self assessment customers are at increased risk of falling victim […]

Don’t Be Fooled By Self Assessment Deadline ‘Extension’

HMRC has announced that they are giving “self assessment taxpayers more time to ease COVID-19 pressures” and the date of 28 February 2022 is being suggested as a newly extended deadline to submit your tax returns by.  (Instead of the usual deadline of 31 January.) However, please don’t be fooled by the inaccurate headlines that […]

HMRC’s Self-Assessment Backlog

If, like most people, you haven’t yet submitted your annual self-assessment (due by 31 January 2022) then you may want to know that HMRC currently has a backlog of admin relating to this important task.  There are delays in HMRC processing the following: Registrations for self assessment; Applications to authorise an agent to deal with […]

007: Hints & Tips in Completing Your Annual Self-Assessment Tax Return

Today we’re talking to Emily Coltman, Chief Accountant at FreeAgent about completing your annual self-assessment tax return.  Emily has many years experience of supporting self-employed people and small businesses in their accountancy requirements, and she shares with us some of her advice, hints and tips for completing your self-assessment, including: What actually is self-assessment? What […]