HM Revenue & Customs is warning self assessed tax payers that they must
move quickly if they want to avoid a £100 penalty charge.
Tax payers now have until 31 January to file their returns online, the
deadline for paper returns having passed on 31 October.
A record number of taxpayers, around 5.8 million, are expected to file
The deadline falls on a Sunday but there is no indication that HMRC will show
leniency for returns that arrive late on 1 February.
The anticipated record numbers of online filers have also prompted some tax
experts to warn that HMRC’s systems might crash due to increased traffic so
taxpayers should be preparing and filing well ahead of the deadline.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals