There are also additional penalties for late payments of 5% of the unpaid tax after 30 days, six months and 12 months. Interest may also be charged on the amount owed if tax remains unpaid after the ...
Liam Palmer says: "There are several common factors that can increase the likelihood of an HMRC enquiry or investigation for a UK ...
A Government minister says that with more people being dragged into higher rates of income tax, it is 'increasingly important ...
Higher-rate taxpayers earning between £50,270 and £125,140 may be entitled to claim additional pension tax relief from HMRC ...
Around 800,000 higher-rate taxpayers – those with an income between £50,270 and £125,140 – failed to claim last year. It works out at £1,756 of under-claimed tax relief per higher-rate taxpayer.
Latest figures from HMRC show that transactions were up 5% in December from the previous year with just a small monthly fall.
Dettori, 55, is estimated to have earned up to £20million from racing alone during his career. His best year for prize money ...
Personal finance expert tells people to estimate tax owed and pay immediately to avoid £100 fine and 7.75% interest charges on unpaid tax ...
You may be due cash back from the taxman if you were hit with emergency tax after making a withdrawal from your pension for the first time ...
THOUSANDS of workers are set to be hit with a £100 fine – here is how to avoid further charges. If you missed the self assessment tax return deadline yesterday (January 31) you will likely ...
We cover all you need to know about how to become a freelance groom – from fees and finance to insurance and invoicing, look ...
HMRC had previously urged taxpayers and agents who are yet to file to act now or risk missing the January 31 deadline and face an automatic £100 penalty.