£100 penalty if 2014 Tax Return not yet filed online. Additional penalties may apply for further delay. Interest starts to accrue on 2013/14 tax not yet paid.
First day of new tax year.
Start of daily penalties for 2014 online Tax Return not yet filed. Additional penalties may apply for further delay.
Last day to file 2015 paper Tax Return without incurring penalties.
£100 penalty if 2015 paper Tax Return not yet filed. Additional penalties may apply for further delay (no penalties if online return filed by 31 January 2016).
Last day for online submission of 2015 Tax Return for HMRC to collect tax through clients’ 2016/17 PAYE code, where they owe less than £3,000.
The personal allowance will be increased to £11000 and the basic rate limit will be increased to £32000 for 2016-17. From 2016-17,there will be one income tax personal allowance regardless of an individual’s date of birth.
On 8 July 2015 the government announced a number of reforms to the taxation of foreign domiciled persons (‘non-doms’). These changes will affect non-doms (ie those not domiciled in the UK under general law) who are resident in the UK for lengthy periods. In addition, changes will also be made to the qualifying rules governing […]
Up to 890,000 people who filed late tax returns have been given an amnesty over the £100 fine for missing the deadline. The tax officers are no longer checking why someone was unable to submit their self-assessment forms on time, as long they provide a „reasonable“ excuse. People who filed late would still face interest […]