Landlord Tax – Changes for Higher rate Taxpayers

Landlord tax explained When the last chancellor George Osborne announced the change, he implied that the extra tax would hit only higher-earning landlords. It’s true that every mortgaged landlord who pays 40% or 45% tax will indeed pay much more

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Top 10 oddest excuses!

With the 31 January tax return deadline just around the corner, HMRC has revealed the ‘Top 10 oddest excuses’ for sending in a late return. The following bizarre, exotic and flimsy excuses have all been used by tardy taxpayers: My

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165,000 face child benefit fines for failing to apply for Tax Return

Lin Homer: The HMRC chief is urging parents to register  for tax self-assessment   Tens of thousands of families face hefty  fines on top of losing their child benefits after they missed a deadline to  apply for a tax return.

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Paper tax return deadline looming 31 October

It is that time of year again when the deadline for filing paper self-assessment tax returns is looming. Many people have now become fully familiar with the deadlines and requirements which have been around for a few years. For others,

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Chancellor’s fight against tax avoidance

THE CHANCELLOR has continued his fight against tax avoidance and evasion in announcing that information exchange agreements had been reached with Crown dependencies. Jersey has become the latest offshore jurisdiction to sign an automatic information-sharing deal with the UK, swiftly

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Late Tax Return – Daily fines from 1st May

Well over half a million taxpayers are set to be hit with daily fines of £10 after failing to file their tax returns, The daily fines of £10 start from the 1st May. An estimated 650,000 to 850,000 self-assessment taxpayers still have not

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Around 850,000 face late tax return fine of £100

Late tax return fines and penalties     Tax officials are sending nearly one million penalties to taxpayers who failed to file self-assessment tax returns by the end of January. By February 20, HM Revenue and Customs (HMRC) will have completed

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Fewer taxpayers miss tax return deadline

self-assessment deadline Only 18% of taxpayers still submit their annual returns on paper About 730,000 taxpayers have missed the deadline for filing their self-assessment tax returns, HM Revenue & Customs (HMRC) said. That was fewer than the 850,000 people who

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Don’t miss the deadline for self-assessed tax returns

SELF-EMPLOYED numbers are at a record high and thousands of newly self-employed workers will have to finalise their first tax returns this week ahead of the self-assessment deadline on Thursday. Individuals who are submitting a tax return for the first

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2012 Autumn Statement – at a glance

Personal tax highlights …. •Weathly pension savers targeted with £10k reduction in annual allowance for tax to £40,000 in 2014-15 •Lifetime allowance for tax relief on pensions savings will be reduced from £1.5m to £1.25m. •Personal allowances raised an extra

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