Self Assessment customers have just 100 days left to submit their tax return ahead of the deadline on 31 January 2024, HM Revenue and Customs (HMRC) has said.And with the clock ticking down, customers can find various types of help from webinars to step by step guides at the click of a mouse.Anyone who needs support to complete their return for the 2022 to 2023 tax year can access the online help available on GOV.UK. It explains how to access HMRC’s services and ask for help, without having to call HMRC.Completing a tax return sooner means that customers can find out what they owe...

23 October, 2023

Bids for the 2024 to 2027 Voluntary and Community Sector Grant Funding, worth £5.5 million, open on 24 July. HM Revenue and Customs (HMRC) is awarding £5.5 million to voluntary and community organisations to support customers who may need extra help with their tax affairs.HMRC is inviting eligible organisations to bid for the funding, worth £1.8 million a year from 2024 until 2027, through HMRC’s Voluntary and Community Sector Grant Funding programme. Bids can be submitted between 24 July and 21 August 2023 with successful organisations being announced in October ready for the new funding to start from 1 April 2024.This is the 12th...

17 July, 2023

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 5%.The Bank of England Monetary Policy Committee announced on 22 June 2023 to increase the Bank of England base rate to 5% from 4.5%.HMRC interest rates are linked to the Bank of England base rate.As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase.These changes will come into effect on:3 July 2023 for quarterly instalment payments 11 July 2023 for non-quarterly instalments paymentsInformation on the interest rates for payments will be updated shortly. How HMRC interest rates are...

22 June, 2023

National Insurance Contributions (NICs) are the payments made by workers and employers to support certain state welfare programs in the UK, such as the National Health Service (NHS), state pensions, and jobseeker’s allowance. As a worker, it is essential to stay updated with your contributions and monitor your overall contribution history over time.If you are a UK worker, you can check your NICs by accessing the online service provided by the UK government. In this article, we will discuss how to check your National Insurance contributions, the importance of keeping track of contributions, and how this information helps towards...

13 June, 2023

The government is giving people more time to pay National Insurance contributions towards their State Pension.Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension - an extension of nearly 2 years - the government announced today (12 June).Extending the voluntary National Insurance contributions deadline until 2025 means that people have more time to properly consider whether paying voluntary contributions is right for them and ensures no-one need miss out on the possibility of boosting their State Pension entitlements.The original deadline was extended to 31 July...

12 June, 2023

A trial to redirect Self Assessment queries from the helpline to HMRC's digital services will run between 12 June and 4 September 2023.HM Revenue and Customs (HMRC) will pilot a new seasonal model for the Self Assessment (SA) helpline, to prioritise helping those with urgent queries.For 3 months from 12 June 2023, HMRC will trial directing SA queries from the helpline to the department’s digital services, including its online guidance, digital assistant and webchat.This will free up 350 advisers (full-time equivalent) to take urgent calls on other lines and answer customer correspondence. If focused on urgent calls, these advisers will answer around 6,600 each...

08 June, 2023

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 4.5%.The Bank of England Monetary Policy Committee announced on 11 May 2023 to increase the Bank of England base rate to 4.5% from 4.25%.HMRC interest rates are linked to the Bank of England base rate.As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase.These changes will come into effect on:22 May 2023 for quarterly instalment payments 31 May 2023 for non-quarterly instalments paymentsInformation on the interest rates for payments will be updated shortly. How HMRC interest rates are...

11 May, 2023

The Bank of England Monetary Policy Committee announced on 23 March 2023 to increase the Bank of England base rate to 4.25% from 4%.HMRC interest rates are linked to the Bank of England base rate.As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase.These changes will come into effect on:3 April 2023 for quarterly instalment payments 13 April 2023 for non-quarterly instalments paymentsInformation on the interest rates for payments will be updated shortly. How HMRC interest rates are set HMRC interest rates are set in legislation and are linked to the Bank of England base rate.Late payment interest...

23 March, 2023

The Bank of England Monetary Policy Committee announced on 2 February 2023 to increase the Bank of England base rate to 4% from 3.5%.HMRC interest rates are linked to the Bank of England base rate.As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase.These changes will come into effect on:13 February 2023 for quarterly instalment payments 21 February 2023 for non-quarterly instalments paymentsInformation on the interest rates for payments will be updated shortly. How HMRC interest rates are set HMRC interest rates are set in legislation and are linked to the Bank of England base rate.Late payment interest...

02 February, 2023

HMRC has revealed that 11.7 million customers filed their tax return for the 2021 to 2022 tax year by 31 January.A record 11.7 million customers submitted their tax returns on time, HM Revenue and Customs (HMRC) has revealed.On 31 January, 861,085 customers filed online to meet the deadline, some with minutes to spare. There were 36,767 customers who filed in the last hour before the deadline, but the peak hour for filing on the day was 16:00 and 16:59, when 68,462 customers submitted their tax return.More than 12 million customers were expected to file a Self Assessment tax return for...

01 February, 2023

Tens of thousands of customers have used the HMRC app to pay their Self Assessment bill.Almost 65,000 customers have paid their Self Assessment bills, totalling nearly £67 million, via the HMRC app since April 2022, HM Revenue and Customs (HMRC) has revealed.In December 2022, 14,170 customers paid via the app – the highest number of app payments in one month since the facility was launched in February 2022.The Self Assessment deadline for the 2021 to 2022 tax year is 31 January and HMRC is urging customers not to delay completing their tax return and paying any tax owed. For customers who need some extra...

17 January, 2023