UK Tax News Archives – TaxBack

Category: UK Tax News

Self-Employed Individuals Encouraged to Reach New Deadlines for Tax Returns

The COVID-19 crisis is having far-reaching financial effects on individuals and companies alike in the UK and around the world. The Low Income Tax Reform Group (LITRG) says that self-employed individuals who have yet to submit their 2018/19 self-assessment tax return have until 23 April 2020, else they will risk missing out on potential government […]

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Covid-19: Support for Self-Employed Launches

Covid-19 is not only a health crisis for self-employed launches but also a pressing employment crisis. The HMRC has begun to contact over 3 million taxpayers who could be qualifying for the Self-Employment Income Support Scheme (SEISS) of the government to clarify the application process and encourage them to plan for a claim when the […]

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Betting Companies Win £1bn Tax Payout

Companies in the gambling industry were all dealt a financial blowback in April 2019 when fixed odds betting terminals (FOBTs) had their max stake reduced to £2 from £100. It was a sensible move by the Department for Digital, Culture, Media and Sport (DCMS) at the time but it’s since led to betting shop closures […]

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Important Deadlines For UK Tax Returns

Avoid heavy penalties by filing your UK tax returns on time. Listed are important deadlines for 2020, by when to submit your self-assessment tax returns and make payments. Apply For Online Tax Returns And Make Your First Payment – January 31st 2020 January 31st, 2020 deadline is the last day for submitting your online tax […]

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