PPI refunds – Have you declared the interest received?

Individuals who have been successful in reclaiming miss-sold Payment Protection Insurance (PPI) may be unaware that any interest received as part of their settlement should be being declared on their self-assessment tax return. The HMRC have commented that; ‘The interest … Continue reading

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Did you miss the Self Assessment filing deadline?

Around 850,000 people apparently missed the 31 January 2012 Self-Assessment filing deadline. If you are one of them you’ll have received a £100 penalty even if you don’t owe the taxman any money. You have 30 days to appeal if … Continue reading

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Penalties increased from 6 April 2011 for late self assessment tax returns

In the past if you submitted your Self Assessment Tax Return to H M Revenue & Customs (HMRC) after the 31st January filing date you faced a penalty of £100, unless you had no tax liability or were due a … Continue reading

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Important Tax Dates 2010/11

We are now just over half way through the current tax year 2010/11, so here are some important tax dates for the remainder of the year, for both businesses and individuals: 31 October 2010 The last day for filing 2010 … Continue reading

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Self-Assessment Tax Return deadline

If you send in a paper version of your Self Assessment Return, rather than submit it online it must be with HMRC by 31st October or you’ll be fined £100. In previous years where you’ve missed the deadline you could … Continue reading

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