HMRC has announced that there will be no penalties for late filing of the Self Assessment 2020/21 tax returns which were due to be filed on 31 January 2022. The new due date is 28 February 2022.
Please follow the link for HMRC’s full article that was released 6 January 2022.
If you receive tips on ‘more than an occasional’ basis, there is new legislation which is effective from October 2024, that you need to be aware of. By more than occasional, HMRC seem to deem a few tips a year as occasional and so if your business receives tips more than this, you need to […]
Hopefully you are already aware that HMRC have introduced legislation that requires certain individuals to keep and submit electronic records on a quarterly basis, for their business / rental income. MTD comes in to force from 6 April 2026 if your turnover / rental income or both added together exceed £50,000 and from 6 April […]
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