February 3rd, 2020

HMRC Late Filing Penalties

If the 31 January self assessment/tax return deadline is missed, HMRC will automatically issue a ...

HMRC is waiving late filing and late payment penalties for Self Assessment taxpayers for one month
https://www.gov.uk/government/news/hmrc-gives-self-assessment-taxpayers-more-time-to-ease-covid-19-pressures

Not a lot of tax news (can only be a good thing?) but here's my summary of the Autumn Budget: https://bit.ly/3ErZKSd

Closing remarks from @RishiSunak mentioned lots of tax CUTS in his Budget. Easy to do given the biggest tax increase in a long time - the Health and Social Care Levy - was announced BEFORE the Budget last month...

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