My Latest Blogs
1st December 2023
30 December: Self Assessment Deadline!
Don’t forget the 30 December Self Assessment Deadline! If you want HMRC to automatically collect tax you owe from your wages and pension you need to submit your tax return online by 30 December and if so you are able to pay your Self Assessment bill through your PAYE tax code as long as all these apply: …
1st November 2023
Paper Self-Assessment Tax Return: Deadline?
The deadline for filing a paper Self-Assessment Tax Return (SATR) was midnight on 31st October. If you were planning on filing your SATR in paper form but missed the deadline, don’t worry as you can still file online. You’re not alone in filing your return digitally. Here at Whitings almost 100% of our…
30th September 2023
Paper Self-Assessment Tax Return Deadline – One Month Away
There is now just one month before the self-assessment (SA) deadline for filing your Self Assessment Tax Return in paper form. If you’re doing a paper tax return, you must submit it by midnight 31 October 2023. Here at Whitings almost 100% of our client’s Self Assessment Tax Returns are filed online with HM…
15th September 2023
5-Oct: Self-Assessment (SA) Registration Deadline
There is now less than a calendar month before the self-assessment (SA) deadline for registering with HMRC (5 October 2023). Do not delay – register today! If you are not sure if you need to file an SA tax return, did you, between 6 April 2022 and 5 April 2023: Commence working for yourself…
11th April 2023
VAT DIY Housebuilders Scheme: Deadline to be extended
Are you building a new home in which you will live? Perhaps converting an existing building into a home? You may be able to get the VAT back – you don’t even need to be VAT registered! When you purchase a brand new house from a property developer you will not be…
31st March 2023
50 Years of VAT!
On 1st April 2023, VAT celebrates its 50th anniversary since it was first introduced in 1973. VAT is a tax placed on a product or service at each stage of its production and distribution. VAT is an important source of revenue for the Government. The History of VAT VAT was first introduced in France,…
2nd March 2023
Self Assessment 2023 Facts and Figures
HMRC have released their Self Assessment 2023 facts and figures : 12,060,872 Self Assessment tax returns were issued to tax payers 11,399,465 expected tax returns were received by 31 January (94.5% of returns expected) an estimated 600,000 customers missed the deadline 10,965,993 returns were filed online (96.2% of tax returns) Those who have missed…
28th February 2023
2021/22 Self Assessment Unpaid Tax & surcharges
If you cannot pay your Self Assessment tax bill that was due for payment on 31st January 2023 and need help you should contact HMRC as soon as possible. For Self Assessment, you may be able to set up a payment plan online. This will enable you to pay your Self Assessment tax bill in instalments without…
10th January 2023
HMRC interest rates for late and early payments
With the forthcoming Self Assessment payment date of 31st January 2023 just 3 weeks away HMRC have increased the late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest from 6th January 2023: late payment interest rate — 6% from 6 January 2023 repayment interest…
15th December 2022
MTD for landlords
Landlords currently using self-assessment will be required to switch to using Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA for short) and applies to all landlords whose total property income is in excess of £10,000 per year, including: • Rental income from UK rental properties • Other UK property income such as…