Nobody likes to do tax returns but there are actually some pretty good reasons to do your tax return before the deadline and get it out of the way. Avoid Last-Minute Stress: Getting it done well before the deadline reduces the pressure and stress associated with the tax deadline. […]
Tag Archives: Tax Return
20
May
May
As the tax season approaches you may be confused over the changes with the tax basis period reform, particularly if you have a financial year that doesn’t align with the standard 31 March or 5 April. There has been some misunderstanding regarding whether businesses can distribute excess profits if […]
15
Apr
Apr
What happens if you don’t file your tax return on time? You should have filed your 2023 Personal Tax Return and Partnership Tax Returns by 31 January 2024. If you did not file on time HMRC will charge an automatic £100 penalty to individuals. For a late submission of a […]
06
May
May
As the 2021 Tax Return gears up, HM Revenue & Customs has confirmed that it will issue harsh penalties to tax payers who have incorrectly claimed SEISS, and subsequently not taken advantage of opportunities to voluntarily repay the excess amounts. The rules state that overpayments must be notified to HMRC […]
16
Nov
Nov
We have been advised that HMRC is sending computer generated letters to taxpayers when the submitted 2019 personal tax return contains information that differs from the information held by HMRC. HMRC uses data from many sources to cross check information reported on self- assessment tax returns. It could open […]
21
Oct
Oct
The rules regarding UK residency and UK tax position are not straightforward and we recommend that this is carefully reviewed to ensure your peace of mind. As well as the usual regulations, HM Revenue & Customs’ rules include a 60 day “exceptional circumstance” get out clause. However, this may not […]
09
Apr
Apr
Robson Laidler’s annual request for tax return information has now been sent to all our personal tax clients. As ever, our Tax Team requests that you please let us have this information as soon as possible. Tax Manager Lorraine Harnby advises: “The sooner we receive the information, then the sooner […]
13
Feb
Feb
ROBSON Laidler has launched a service that has already saved our clients almost £395,000 by realising and reclaiming Research and Development (R&D) tax credits available to them from HMRC. We have established the new R&D tax credits offering to complement our accounting, business advisory and wealth management services, to help […]