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Fascinating facts about Self Assessment

Fascinating facts about Self Assessment

Press releases   •   Jan 18, 2021 10:33 GMT

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

Self Assessment customers use online tax payment plans to help spread the cost of £69 million

Press releases   •   Jan 13, 2021 10:02 GMT

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 £23.8 million fine for breaching money laundering regulations

Record £23.8 million fine for breaching money laundering regulations

Press releases   •   Jan 07, 2021 09:38 GMT

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

Self Assessment deadline: less than one month to go

Press releases   •   Jan 05, 2021 11:58 GMT

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

2,700 tax returns sent in on Christmas Day

Press releases   •   Dec 29, 2020 11:59 GMT

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

Savers receive Help to Save bonus payment

Press releases   •   Dec 18, 2020 10:01 GMT

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

UK Trader Scheme launched to support businesses moving goods from Great Britain to Northern Ireland

Press releases   •   Dec 15, 2020 16:18 GMT

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.

Fraudsters jailed for £29 million research and development tax relief claim

Fraudsters jailed for £29 million research and development tax relief claim

Press releases   •   Nov 26, 2020 16:21 GMT

Three men involved in a fraudulent £29.5 million claim for tax relief on a bogus IT project have been jailed for a total of 21 years.

HMRC and ASA launch new action to disrupt promoters of tax avoidance schemes
Capital Gains Tax changes that Self Assessment customers need to know about

Capital Gains Tax changes that Self Assessment customers need to know about

Press releases   •   Nov 24, 2020 11:12 GMT

Time is running out for anyone who sold a second home during 2019-20 to declare it on their Self Assessment tax return.