The latest accounting and tax news

3rd February 2021 / Tax

Still not filed your self-assessment tax return?

There has been some good news from the HMRC. Due to the coronavirus (COVID-19) pandemic, if you missed the 31st of January deadline to submit your self-assessment tax return, you’ll not get a late filing penalty as long as you submit your online return by 28 February.

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6th January 2021 / Tax

HMRC rejects calls to extend the self assessment tax return deadline.

Many in the accountancy industry have been lobbying for the HMRC to extend the self-assessment tax deadline beyond the 31st of January. They have recently confirmed that they are not intending to extend the deadline but there are still options for those struggling to complete their self-assessment tax return on time.

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