Why do we pay VAT? Here’s what you need to know
VAT, an abbreviation for Value Added Tax, is a tax that affects every single person in the UK. This is because it is added to most of the products and […] more»
Taxpayer
On-time self-assessment tax returns break the record, again
Some 10.7m Britons submitted their self-assessment tax returns before this year's 31 January deadline, HMRC has announced. more»
Aliens, vertigo and a poorly rabbit among the year’s worst self-assessment excuses
The deadline for sending self-assessment tax returns for the 2016 to 2017 tax year, and for paying any tax owed, is 31 January 2018. more»
Tax experts warn company owners over new HMRC winding up rules
Owners whove received payment after winding up their firm on or after 6 April 2016, and who continue to be involved in 'similar activities, could be breaking tax rules. more»
Greater profits taken as dividends as small firms anticipate tax rate change
Smaller UK companies paid out 94 per cent of profits made by their firm as dividends in the last 12 months, up from 63 per cent the previous year. more»
HMRC: Funniest excuses for filing late tax returns published
In advance of the imminent 31 January self-assessment deadline, HMRC has published some of the worst (or rather best) excuses it has received for filing late tax returns. more»
HMRC warns against scam emails ahead of self-assessment deadline
In the run up to the 31 January self-assessment tax deadline, HMRC has issued a warning to taxpayers to remain especially vigilant against scam emails from online fraudsters. more»
The new HMRC online tax return system will this really simplify things for small business owners?
Tax returns, as we know them, will be scrapped in favour of real time individual digital tax accounts. Our year-end expert explains how this will affect you and whether the process will be smoother as a result. more»
