Self assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements for paying tax liabilities up to £10,000. From 1 October 2020, HMRC increased the… Continue reading Self assessment customers to benefit from enhanced payment plans
With the Self-Assessment deadline looming I thought I would bring you some useful information on tax returns. So what is a tax return? A ‘Self-Assessment Tax Return’ is an annual form used by an individual to report their total income and business expenses to HM Revenue and Customs (HMRC). The reason why the form is… Continue reading What is a tax return?