Self-assessment tax returns late filing penalties
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- เผยแพร่เมื่อ 12 มิ.ย. 2024
- Self-assessment tax returns late filing penalties
Do you need to submit a tax return? • Do I need to submit a ...
Register with HMRC to file a self assessment: • How to register for se...
HMRC late filing and payment penalties: www.gov.uk/hmrc-internal-manu...
Watch the video here: • Self-assessment tax re...
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In this video you will learn from Simon Misiewicz, your property tax specialist, of Optimise Accountants
▶ When is the tax year end for HMRC?
▶ When do you need to submit a tax return to HMRC?
▶ When do you need to pay your income tax liability to HMRC?
▶ What is a payment on account?
▶ When do you need to pay a payment on account to HMRC?
▶ What is the HMRC penalty if you do not submit your tax return to HMRC by 31st January?
▶ What is the tax penalty if you do not pay your income tax liability on time?
▶ What is meant by provisional tax return when submitted to HMRC?
▶ Do you need to go back to a tax return that has been submitted with provisional numbers?
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[Insert Tax calculator information]
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#HMRC #Tax #Penalties
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Our accountancy and tax services:
To see how we can help you - download our sales brochure here:
www.optimiseaccountants.co.uk
Monthly fees inclusive of VAT
• £89.95 1 X self assessment tax returns
• £99.95 2 X self assessment tax returns
• £99.95 per month inc VAT for 1 X limited accounts and tax returns
• £139.90 1 X limited company accounts and 1 X self Assessment tax returns
• £159.90 1 X limited company accounts and 2 X self Assessment tax returns
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Prefer a one off tax consultation?
On the tax call you and a qualified property tax specialist will spend the following time working for you as follows:
Before the call: We will go through the questions that you have already set and create a solutions document. If you wish to send more details then feel free to do so.
During the tax call: We will discuss all the solutions that have been prepared before the call. We will run through each one and choose the right one for you.
After the meeting: We will send you an email with the documented solutions, which will be backed up by links to HMRC and tax law. We will also send you the link to the video recording so that you can review our discussion.
Post meeting support: We would ask that you send an email with an action plan that you are looking to undertake as a result of our call. We would also like to see your questions that you have after our call. We can then respond within three working days.
• 30 minute tax call with any member of our tax advisors will cost £198.75 from the usual price of £265
• 60 Minute call with Simon Misiewicz, will cost £746.25 from the usual price of £995
Use code “YoutTube25” to get 25% discount - Book a tax saving call here:
www.optimiseaccountants.co.uk/
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Other important links
Call to discuss our retained tax services or book a tax call
www.optimiseaccountants.co.uk/
Calculate and save tax today:
www.optimiseaccountants.co.uk...
Pay your self assessment tax bill over 12 months: th-cam.com/video/1tNS4CjJ0MI/w-d-xo.html
These videos are so useful and you continue to help answering question in the comments. Thank you for sharing this valuable info.
You are very welcome and I’m delighted that it has been home for
This video made me feel better. I have been struggling big time with balancing my accounts and will most likely submit this late 😅
And there is nothing wrong with that
Great video, thank you! Can I ask if I had a side business which is at lost and the rental income is less than £6k, do I need to file self assessment? Thank you.
See any to previous question on the other video you previously watched
Hi thanks for the very helpful video, i really enjoyed it. I have a question, i have a penalty for late filling for 2022. However, through this time i have been working full time and paying my taxes as i wasn't self employed anymore. Can my penalty be cancelled as a result of this? Is this a good ground for an appeal?
The very best thing to do is contact HMRC by phone. Despite the negative press they are very sensitive and understanding. They will give you the options based on your circumstances
Thank for your video. I have a small question about interest on late payment. I read that: "interest on additional tax payments due to amendments to a self-assessment and tax payable under a discovery assessment run from the annual submission date to the day before the payment is made." So, why does it not run from the original due date of payment? Thanks in advance.
Interest will start from the date the tax should have originally been paid
Hi. What do you mean by 5% of tax due. Is the tax due just the tax payable only or the sum of tax payable as well as the NI contribution
Take a closer look here www.gov.uk/self-assessment-tax-returns/penalties
I wasn’t aware I needed to let HMRC that I’m no longer self employed once I moved to a PAYE job. I received a penalty fine for not submitting self assessment during that period I was not self employed.
Can I appeal this or will I need to pay the penalty? 😔😔
You can call HMRC. If they understand your situation they might just well remove the penalty notice. Best of luck with this.
Hi Simon,
I was working in UK from March'18 to July'18.
I received the returns as well. But After July'18 i left for my native country India.
But I received a penalty letter on 03 Dec'21 for not filing self assessment.
If my previous UK employer already sent p45 to hmrc, do i still need to submit self assessment even if i am not working since July'18.
Pl help me. I am bit worried.
The very best thing you can do is contact HMRC from India on this number to explain your situation +44 161 931 9070
Hi. I am in similar situation at the moment. What happened in your case. Did it get solved?
I've been fined over £1000 due to filing my tax return late, I've never been self employed and I'm only 20 studying at uni. I've appealed so many times but the fine keeps increasing. I've called HMRC and they have said I cant do anything about it and I'll need to pay or just wait. I dont know what to do
I am sad to heirs this. Please visit this web page to see what help is available taxaid.org.uk/guides/information
I am a sole trader. My business has not made any money yet. Will I need to do this?
I would say it is not necessary if your self assessment profits are below £1,000
Hi,
I'm in a tier4 dependent visa . I came to UK on February 2020. I don't have much idea about the whole tax return assessment. I wasnt employed or earning for almost six months after arrival. I recently got a penalty letter from HMRC for the delay in tax return filing for 2019/2020. Is there any way that I can go for appeal?
I am sorry to hear your experience. The best thing to do is to call HMRC on 0300 200 3300
@@Simon-Misiewicz-US-UK-Taxes thank you for your response. I will try that .
I hope it works out for you. Please do be patient as there are many delays on this telephone line
I have 5 years of late returns as wasn't earning enough to pay tax, turns out you still have to submit a return any help apart from suicide
I would not worry too much. We do property let campaign tax returns for many UK landlords. Start here www.gov.uk/government/publications/let-property-campaign-your-guide-to-making-a-disclosure/let-property-campaign-your-guide-to-making-a-disclosure