HMRC have issued a reminder that Self Assessment (SA) taxpayers who have not yet filed their 2019/20 tax return should do so by 28 February 2021 to prevent a £100 late filing penalty charge.
Taxpayers who have outstanding liabilities for the year have until midnight on 1 April 2021 to pay any outstanding tax or set up a payment plan to prevent a 5% late payment penalty.
Further details can be found in the HMRC press release.
The inflation rate rose to 10.1% in the 12 months to July, the highest level…
Smaller businesses across England received £21.3bn through the Covid-19 local authority business support grants scheme,…
The number of company insolvencies in England and Wales jumped by a third compared to…
The government has announced plans to delay the introduction of penalties for late submission of…
Three out of five companies expect to increase their prices in the next three months…
Businesses believe that they will need skills in finance, trade, and taxation to help them…