The failure to meet the 31 January cut-off leaves them facing fines. An initial £100 fixed penalty applies even if there is no tax to
pay, or if the tax due is paid on time.

Many thousands of others nearly missed the deadline, according to official data, with 31,442 returns filed between 11pm and midnight.
More than 11.5 million taxpayers did meet the deadline…

As part of new guidance to help employers conform with both schemes correctly, HMRC has published a list of the most common errors businesses
make to help them avoid these in future.

‘Following these guidelines will help to reduce your risk of making errors, therefore reducing the risk of any penalty charges,’ HMRC stated.

These Guidelines for Compliance are for all employers. The most…

The rise in employers’ National Insurance (NI) and the alterations to the Inheritance Tax rules for agricultural properties have been particularly contentious.

Many of the changes announced by Chancellor of the Exchequer, Rachel Reeves, are not set to take effect until the new tax year beginning on 6 April. Could some of those
be axed or changed further?

We…

Attempts to scam the self-employed and others filling out their forms before the 31 January are ramping up, officials have warned.

In particular, taxpayers have been cautioned to look out for so called ‘refund scams’. Watch out for emails that take this approach.

HMRC received nearly 150,000 referrals about possible scams in the last year. Around half of all scam…

And a raft of new statistics has been released in the last couple of weeks, suggesting a significant trend downwards in terms of the amount of money the
Treasury is receiving from this form of tax in the last couple of years. But on the flip side, other figures show signs of an increase in the later part of
2024.

The higher rates…