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“High Income Child Benefit Charge” – Do you think this is a fair tax?

Families who receive child benefit where at least one parent earns more than £50,000 a year should have registered for Self-Assessment with HMRC before 5 October 2013 or they could face stiff penalties.

Late Tax Return Penalties

Accountants and probably some tax payers tend to take a deep breath on the 31 January having reached the end of yet another year of tax returns submissions but it is worth bearing in mind the small minority of tax payers who miss the deadline and what this means to them.

Misleading HMRC High Income Child Benefit Charge Letters Suggesting Tax Returns Need To Be Amended

Misleading HMRC High Income Child Benefit Charge Letters Suggesting Tax Returns Need To Be Amended

Preparing your Tax Return: The Practical Issues

For nearly all of our clients, preparing a Self-Assessment tax return is a mandatory requirement of HMRC. It is a system whereby income tax is collected by HMRC, where it has not been collected at source or where additional tax may be due to be paid or refunded to you.

Tax return guidance: The deadline is coming

Just as you are getting over the celebrations of the Christmas period, you receive an email from your accountants gently reminding you that you still need to complete your self-assessment tax return. Does this sound familiar to you? Some of our clients leave gathering the relevant information until the very last minute, which can make the process more stressful.

Can self-assessment tax be paid in installments?

If you cannot pay your tax on time, you may be able to arrange to pay your self-assessment tax liability in installments. To do this you should contact HM Revenue & Customs on the Business Payment Support Service on 0300 200 3835 or arrange to pay in installments via your Government Gateway account.

Where do you send your self-assessment tax return?

If you are submitting a paper self-assessment tax return, you should send it to:
Self Assessment
HM Revenue & Customs

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