Personal Tax

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Don't be startled by HMRC's self assessment online glitch
The ICAEW has warned taxpayers paying their second payment on account for the 2006/7 tax year not to be startled when checking the amount they owe on the HMRC website, following a technical glitch. [July 21, 2008]

Self Assessment form-filling set to become less "taxing"
Millions of new look tax returns are being sent out over the next few weeks, following a revamp of the main self assessment tax return. [April 22, 2008]

End of tax year - small business checklist
A leading accountancy firm has urged small business owners to ensure they are making the most of available tax allowances prior to the end of the tax year on 5th April. [March 31, 2008]

Self Assessment deadline extended to midnight, Feb 1st 2008
Following 'technical difficulties' suffered by HMRC's online self assessment system, the deadline for filing tax returns has been extended to midnight on February 1st 2008. [January 31, 2008]

FSB calls for Revenue to be more lenient on tax return late filers
It is estimated that 10% of the 4.5 million small businesses in the UK will not submit their self assessment tax return form by the 31st January deadline. The FSB says the fines late payers have to incur are an unncessary burden on the UK's small companies. [January 25, 2008]

Self Assessment - 11 Tips to get ahead of the taxman
Andy Hardy demystifies the tax returns process and offers top tips on how you can ensure you don’t get caught out by the taxman. [January 17, 2008]

Basic income tax rate reduction - some potential downsides
On 6 April 2008 the basic rate of income tax will reduce from 22% to 20%. More importantly the starting rate of 10% is abolished from the same date. Here are some possible adverse affects of these changes [January 15, 2008]

Self Assessment - last minute filers could face IT problems
The ACCA is warning against leaving your self assessment return until the last minute, as computer glitches in past years have resulted in £100 penalties - even for some people who submitted before the deadline [January 11, 2008]

Self Assessment Tips - get your tax return in on time
Taxpayers should ensure they submit their tax returns by the Jan 31st deadline. Here are the ICAEW's top self assessment tax tips. [January 11, 2008]

Self Assessment online - video help available
For people thinking of completing their self assessment forms online, a new video has been uploaded to make the task a little easier. [January 2, 2008]

It's only £100. Should I really worry if my tax return is late?
A £100 fine is due for submission of a self assessment tax return after the 31st January deadline, and a further £100 six months later if the return is still not filed. Submitting tax returns late is not to be advised - find out why. [December 17, 2007]

Check your tax code - you may be entitled to a refund
Many taxpayers do not know they may be paying more tax than they should. Others may not be paying as much as they should and may not realise that they have a responsibility to let HMRC know. [May 30, 2007]

Are self-assessment forms difficult to complete?
Recent research commissioned by the Chartered Institute of Taxation reveals that a third of UK taxpayers find the self-assessment (SA) forms difficult to complete. [May 10, 2007]

Offshore Bank Accounts - HMRC Amnesty Details
HMRC have offered an amnesty to thousands of UK investors who hide money in offshore accounts. Details of the amnesty and how you may be affected. [May 8, 2007]

New Tax Year - Good time to review your personal finances
Five top tips for getting taxpayers’ financial affairs in order and making the most of the tax advantages available. [March 14, 2007]

Top Ten Self Assessment Tips as deadline approaches
If you're finding it difficult to know where to start with your self assessment forms, read our top ten tax return tips. Don't miss the 31st January 2007 deadline. [January 24, 2007]

FSB warns of self assessment filing date turmoil
The FSB has called on HM Revenue & Customs to make sure they have resources in place to cope with last-minute tax returns ahead of the self-assessment deadline on January 31st. [January 19, 2007]

Filling in your tax return - Do's and Don'ts
PricewaterhouseCoopers provide some concise tips for filling in your tax return. [January 15, 2007]

Self Assessment - Don't miss the 31st January deadline
With less than a month until the self assessment filing deadline, HM Revenue & Customs (HMRC) is reminding taxpayers to get their returns in by 31 January, to avoid a £100 penalty for missing the deadline. [January 15, 2007]

Crackdown on Inaccurate Self Assessment Tax Forms
The Guardian has published an excellent article on the Inland Revenue's intention to raise an extra £3bn per year from personal taxes over the next two years. Inaccurate self assessment forms are likely to be number one on the target list. [January 12, 2007]

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