Over 5m yet to file self assessment returns – don’t miss the 31st Jan deadline!
HMRC says that by the start of 2025, over 5 million people had yet to file their self-assessment tax returns. Make sure you don't miss the deadline!
Big gap between HMRC interest rate on late payments vs. refunds
In what one tax advisory calls the 'elephant in the room', there is a sizeable gap between the interest rate HMRC pays on late payments and the amount of interest it pays out on tax refunds.
VAT registration – when should you register for VAT? Try HMRC’s handy estimator
If your business's "taxable supplies" over the past 12 months have exceeded the VAT registration threshold, you should register for VAT. As of April 2024, the VAT registration threshold increased…