Category Archive: Business Blog

HMRC’s guidance on reasonable excuses for late tax payments updated

It should perhaps be no surprise given the circumstances of the pandemic that individuals and businesses might have incurred penalties for late tax payments.

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HMRC hikes late payment interest rates

The rate of interest charged on late payments by HM Revenue & Customs (HMRC) has increased, it has been announced.

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Did you open presents or submit tax returns on Christmas?

According to HM Revenue & Customs (HMRC), over 31,000 Self Assessment tax returns were submitted between Christmas Eve and Boxing Day.

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