VAT is paid quarterly, with registered businesses required to send VAT returns to HMRC every three months. This is to show how much VAT you’ve charged during the reporting period and how much ...

People have been told that just because they haven't been contacted by HMRC, this doesn't necessarily mean that they don't need to file a tax return. Ignorance of the requirement to complete a ...

If you haven’t already done so, register for HMRC’s online services and submit your return digitally. The system guides you through the process and helps calculate your tax liability ...

HMRC estimated earlier this week that 3.4 million people still had to file their tax return or face an initial £100 penalty. Some 8.6 million people had already filed their 2023-24 tax return. Myrtle ...

HM Revenue and Customs (HMRC) highlighted that missing the January 31 cutoff would result in an instant £100 fine. Already, around 8.6 million people have filed their 2023/24 tax returns.

The new power would allow HMRC to notify a taxpayer to correct the error, providing reasons. The taxpayer would then have a legal obligation to respond. Taxpayers may need to amend their returns ...

The new power would allow HMRC to notify a taxpayer to correct the error, giving reasons. The taxpayer would have a legal obligation to respond, either by amending their return or by disputing the ...