HM Treasury has corrected information on its website regarding the forthcoming increase in National Insurance after a tweet from MoneySavingExpert.com (MSE) founder Martin Lewis calling it “misleading” went viral. Gov.uk had written that National Insurance Contributions would rise by 1.25% from 6 April 2022. Yet this understates the rise, which for most people sees contributions…
More than two million people missed a self-assessment tax return deadline, but still have a month to file before they are hit with a penalty. HM Revenue and Customs (HMRC) said that 630,000 completed the online process on Monday, the final day before the cut-off, leaving 2.3 million still to file. However, the tax authority…
Using a company to help you claim a tax rebate could end up costing you hundreds of pounds extra according to consumer group Which? Dozens of firms online offer to help customers claim back tax they’re owed by HM Revenue & Customs, for example, for the Marriage Allowance. But these third-party firms charge fees and…
6th January 2022 HMRC has announced that we will not charge: 1. late filing penalties for those who file online by 28 February 2022 2. late payment penalties for those who pay the tax due in full or set up a payment plan by 1 April 2022. This will give taxpayers and their representatives additional time if they need it and…