The 202122 Self-Assessment Tax Return Deadline Is Less Than A Week Away FI

The 2021/22 self-assessment tax return deadline is less than a week away (31st of January, 2023)

If you are required to submit a self-assessment tax return for the 2021/22 tax year, the 31st of January 2023 deadline is approaching quickly. Failure to submit your tax return by the deadline will automatically result in a £100 penalty. Keep reading to learn more about self-assessment tax returns and advice to help you meet the deadline and avoid a fine from HMRC.

New HMRC corporate report summarises how modern tax avoidance schemes operate - FI

New HMRC corporate report summarises how modern tax avoidance schemes operate

A new corporate report released by HMRC in 2022 features a frequently updated list of named tax avoidance schemes and how they have been helping temporary workers avoid paying their fair share of income tax and National Insurance Contributions. In this article, we’ve summarised the creative ways unethical tax avoidance schemes operate to help you understand the warning signs of a payroll provider that could land you in serious trouble with HMRC. We have also explained how compliant umbrella companies will operate (PAYE) – to help you pick a provider you can trust.

HMRC waives late self-assessment filing fines for the second year in a row

Failing to meet the self-assessment filing deadline almost certainly results in a £100 penalty from the government. However, HMRC will not enforce penalties for anyone who submits their 2020/21 tax return up to a month after the regular deadline for the second year in a row. Keep reading, and we’ll explain more about this unexpected announcement.