The deadline for paying self assessment tax liabilities are usually: 31st January – for any tax you owe for the previous year (known as a balancing payment) and first payment on account 31st July – for the second payment on account Make sure HMRC are paid before the deadline as there may be interest and … Read more
HMRC has issued scam warning ahead of the 31st January 2022 self assessment deadline. Taxpayers are being warned not to be caught out by scam emails, texts or phone calls from people impersonating HMRC. According to the tax authority, almost 800,000 tax related scams were reported last year with nearly 360,000 bogus tax rebate referrals. … Read more
The government has announced tax changes to fund £12 billion a year to be spent on the NHS and social care across the UK. National Insurance contributions will increase by 1.25% for one year only for employees, employers and the self-employed from April 2022. This will cover both Class 1, (employee and employer), Class 1A, 1B and Class 4 … Read more
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