A Fairer Approach to Late Tax Filings: HMRC’s New Penalty Points Regime “HM Revenue and Customs has introduced a new penalty points framework designed to address repeated failures to meet tax filing obligations, particularly within the self-assessment regime....
HMRC tax calculator causing thousands of pounds worth of errors “Tax calculators lag behind rule changes, but HMRC penalties do not.” Quotation by Nigel Holland. Please enable JavaScript in your browser to complete this form.Please enable JavaScript in...
HMRC tax calculator errors could cost self-assessors thousands Other ways Holland & Co may help you Bookkeeping Support Business Planning Collection of Records Company Secretarial Services Capital Gains Tax - 60 Day Reporting HMRC Compliance Checks HMRC Enquiry...
Nigel Holland founder of Holland & Co Chartered Accountants “Families across the UK are facing a growing tax burden as frozen income thresholds steadily increase the reach of the High Income Child Benefit Charge. HMRC forecasts show that by 2028/29 an additional...
HMRC has confirmed that more than 1.32 million people received underpayment notices for the 2023/24 tax year. These demands, issued under the Simple Assessment system, are becoming increasingly common and increasingly expensive. The average underpayment is now £920,...
