With millions of people again struggling to meet the deadline for submitting
self-assessment tax returns this year, MPs on the influential Public Accounts
Committee have called for staggered filing deadlines to relieve pressure on both
individuals and the tax system.
PAC chairman, Edward Leigh, said a choice of filing dates for different
groups of taxpayer could make it easier to return the forms on time.
Taxpayers that missed the 31 January deadline were automatically hit with a
£100 fine with extra penalties for further delays.
Nearly one million – one in 10 – self-assessment taxpayers are estimated to
have failed to meet the deadline this year, The Independent on Sunday
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