Self assessment tax return

Key information for Self assessment tax return 16-17 Accounting year: 06/04/2016 – 05/04/2017 Deadline: 31/01/2018 Who needs to submit tax returns:  As per HMRC’s latest guideline for self assessment tax return, you’ll need to send a tax return if, in the last tax year: you were self-employed you got £2,500 or more in untaxed income, for[…]

Making tax digital

The transformed tax system has 4 foundations   1. Tax simplified HMRC already holds some of the information of taxpayers, and making tax digital will also enable HMRC to get further information from various sources — for instance, from employers, banks, building societies and other government departments. Taxpayers will have their own digital tax account with HMRC[…]