Stay Updated With The Latest Tax News

T A X   N E W S   F R O M   T H E    B B C

• Tax and benefits coverage
  
• Christmas Day tax returns trend
  Some 620 people in the UK filed their tax returns online on Christmas Day, says HM Revenue and Customs.
• The tax system explained
  A large chunk of your earnings disappears in tax - so how exactly does the tax system work.
• Dementia patients seek more aid
  What are the main types of benefits you can claim if you suffer from dementia, and is it enough?
• Internet shoppers get duty break
  Internet shoppers will not have to pay customs duty on items they have bought for less than 150 euros from outside the EU.

I n s i d e   T a x

• If you want to avoid a £100 fine, file your tax form now

Sunday, 18 January 2009

Taxpayers are set to fork out an estimated £100m in fines this year for returning their self-assessment returns late, according to research by Independent Financial Advice Promotion. With less than two weeks till the 31 January deadline, anyone who has yet to complete their forms must now file them online and as soon as possible if they want to avoid an automatic £100 fine.

• Self-assessment: Glitches and new rules mean more Taxpayers at risk of £100 deadline fine

• Online tax returns up 50%

L a t e s t   H e a d l i n e s

• Fears over new penalties for employing illegal staff as 29 February start date approaches...

T H E   A C C O U N T A N C Y   A G E

• Tax loss policy hits long-term investment
  
• HMRC keeps its word and cuts number of SME inspections
  
• Tax debt catches up with gangster
  
• Electronic PAYE filing nears 100%
  
• Exclusive: Taxman pursues blanket bank disclosure notice
  
• Overview: Derek Allen, VAT's going on?
  
• This week's blogs: claim culture
  
• On the money with Gavin Hinks