Taxpayers who failed to meet the January 31 self-assessment deadline could soon be hit by increasing penalties and interest. However, an interest rate adjustment from HMRC could provide some ...

HMRC revealed earlier this month that over 11.5 million taxpayers beat the deadline to file their tax return for the 2023-2024 tax year by the end of January - even though thousands left ...

Workers could receive an important letter from HM Revenue and Customs (HMRC ... refund. The government department will send out a P800 letter which will tell the recipient that they're due a tax ...

CEO of Qdos, Seb Maley, said: “With the tax return deadline rapidly approaching, this is a timely reminder from HMRC. Fail to file your tax return and pay it by midnight on 31st January and you ...

For taxpayers who are yet to file their tax return, HMRC applies a £100 fine if a return is up to three months late. After three months, you could face extra charges of £10 per day, up to a ...

HMRC states: "If you have additional ... It doesn’t automatically mean you owe tax or need to fill out a tax return, but it’s a great reminder to check if what you’re doing counts as taxable ...

More than 66% (8.6 million) have already filed their tax return ... also follow HMRC Twitter @HMRCcustomers to get the latest updates on Self Assessment services and useful reminders.

People are being called on to check their tax after a warning they could be owed thousands of pounds. Millions of pounds has been overpaid to HM Revenue and Customs since changes were introduced ...

Yet, there's a silver lining for taxpayers who may have paid too much, as HMRC added: "If at the end of the year you have been overcharged tax you'll receive a refund.", reports the Express.

If it was before 6 April 2016, you’ll have to complete a Self Assessment tax return each year or if it was on or after 6 April 2016, HMRC will send you a tax bill to pay. You won’t need to pay ...