Jun 23, 2022 | Personal Tax
HMRC has announced new measures which aim to stop agents taking large amounts of people's tax refunds. A 12 week consultation has been launched called "raising standards in tax advice: protecting customers claiming tax repayments." The aim of the consultation is to...
Jun 10, 2022 | Personal Tax
The Low Incomes Tax Reform Group (LITRG) is warning of easy mistakes that could see taxpayers paying double in tax when reporting SEISS payments. Taxpayers need to be sure to allocate their SEISS payments in the correct boxes on their self-assessment tax returns to...
Jun 1, 2022 | Personal Tax
Homeowners are being warned by HMRC about scam cold calls from rogue tax repayment agencies advising them to make stamp duty land tax (SDLT) refund claims, potentially leading to large tax bills. The warning has been issued after HMRC received a number of stamp duty...
May 13, 2022 | Personal Tax
Nearly 66,500 workers filed their 2021/22 tax return on the first day of the new tax year on 6 April. HMRC has said that there has been an increasing number of people who file their completed returns on the first day of the tax year in recent years. Almost 30,000 more...
May 10, 2022 | Personal Tax
HMRC has confirmed the interest rate on late tax bills will increase by 0.25%, following the Bank of England's (BoE) increase of interest to 1%. The increase in interest means late payment rates will increase to 3.5% as of 24 May. This will be the second increase in...
