Jan 12, 2023 | Personal Tax
The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) are urging cryptoasset investors to report their gains and losses in their self-assessment returns. Cryptoassets like Bitcoin and NFTs are subject to income tax and capital gains...
Jan 11, 2023 | Government AnnouncementsPersonal Tax
Head of the Treasury Committee, Harriett Baldwin, has written to HMRC chief executive Jim Harra, requesting him to explain the long phone waits experienced by taxpayers. Several news outlets, including the Daily Telegraph, have reported that taxpayers who called the...
Jan 5, 2023 | Government AnnouncementsPersonal Tax
Nearly 5.7 million taxpayers are yet to file their self-assessment tax returns, with less than a month left before the deadline on 31 January. HMRC is urging customers to submit their returns as soon as possible to avoid missing the deadline and facing an automatic...
Jan 4, 2023 | Government AnnouncementsPersonal Tax
A total of 3,275 taxpayers filed their annual self-assessment tax returns on Christmas Day 2022, according to HMRC. Over 22,000 customers logged onto the HMRC website to submit their online form for the 2021/22 tax year between 24 and 26 December. HMRC reported that...
Dec 22, 2022 | Business TaxPersonal Tax
Total tax take fell from £63.8bn in October to £58.5bn in November, according to figures from HMRC. Income tax rose slightly in this period from £16.5bn to £16.9bn - £1.7bn higher compared to November 2021. This figure is likely to rise in the coming years while...
