10.7 million tax returns filed by 31 January deadline
More than 10.7 million people submitted their 2019/20 Self Assessment tax returns by the 31 January deadline, HM Revenue and Customs (HMRC) has revealed.
No Self Assessment late filing penalty for those who file online by 28 February
Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February, HM Revenue and Customs’ Chief Executive Jim Harra has announced.
Fascinating facts about Self Assessment
Did you know almost 100,000 people filed their tax returns on 6 April 2020, which is the first day of the tax year? With the 31 January deadline fast approaching, HM Revenue and Customs (HMRC) shares some little-known facts about Self Assessment tax returns.
Self Assessment customers use online tax payment plans to help spread the cost of £69 million
Almost 25,000 Self Assessment customers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1 million, HM Revenue and Customs (HMRC) has revealed today.
Record £1.9 million fine for breaching money laundering regulations [amended on 16 May 2022]
A money service business (MSB) has been hit with a record £23.8 million fine for flouting money laundering regulations.
Self Assessment deadline: less than one month to go
Around 5.4 million Self Assessment customers have less than a month to complete their tax return, HM Revenue and Customs (HMRC) announced today, ahead of the deadline on 31 January.
2,700 tax returns sent in on Christmas Day
More than 2,700 customers filed their Self Assessment tax return on Christmas Day, HM Revenue and Customs (HMRC) can reveal.
Savers receive Help to Save bonus payment
More than 60,400 savers across the UK have earned their first Help to Save bonus payment, each receiving an average of £378 in time for Christmas, HM Revenue and Customs (HMRC) can reveal.
UK Trader Scheme launched to support businesses moving goods from Great Britain to Northern Ireland
Traders are being urged to consider whether they need to sign up to the new UK Trader Scheme (UKTS) to ensure traders don’t pay tariffs on the movement of goods into Northern Ireland from Great Britain where those goods can be shown to remain the UK’s customs territory from 1 January.
HMRC and ASA launch new action to disrupt promoters of tax avoidance schemes
HM Revenue and Customs (HMRC) and the Advertising Standards Authority (ASA) have today launched new action to cut out misleading marketing by promoters of tax avoidance schemes.
The joint enforcement notice aims to disrupt the activity of promoters and protect people from being presented with misleading adverts which may tempt them into tax avoidance.
It requires promoters to be clear abou
Capital Gains Tax changes that Self Assessment customers need to know about
Time is running out for anyone who sold a second home during 2019-20 to declare it on their Self Assessment tax return.
Post-payment checks to begin on Eat Out to Help Out scheme
HMRC is beginning to write to selected Eat Out to Help Out (EOTHO) claimants to ask them to check their claims.
The EOTHO scheme saw more than 84,000 food and drink establishments take part and offer a 50% discount on eligible purchases on Mondays, Tuesdays and Wednesdays during August 2020.
HMRC worked quickly to set up a system to pay restaurants within five working days. Controls were bui
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