Client has dabbled in investments over the years.  HMRC opted to take him out of self assessment 2 years ago and put him into the Simple Tax Assessment ...

HMRC to launch new escalation service for agents handling Self-Assessment and PAYE queries more than four weeks old.

A HMRC overhaul from the Labour Party government means the taxman is set to scrap tax returns for nearly 300,000.

Data provided by HMRC to AccountingWEB revealed that of the 11.5m self assessment (SA) tax returns filed before the deadline of 31 January 2025 [1], ...

The government plans to raise the reporting threshold for trading income – here is how it could help your side hustle ...

HM Revenue & Customs recently published figures that show it generated £1.8bn more than expected from private sector roll-out ...

This will benefit around 300,000 taxpayers. An estimated 90,000 of them will have no tax to pay and no reason to report their ...

HMRC is poised to lift the threshold for filing self-assessment tax returns to £3,000, a move expected to spare an estimated ...

HMRC says up to 300,000 people, including those with side hustles, will no longer need to file a Self-Assessment tax return.

Up to 300,000 people, including those with side hustles, will no longer need to file a Self-Assessment tax return ...

However, the company noted that this was a “missed opportunity” to further ease administrative burdens on a broader scale.

The income self tax assessment reporting threshold for trading income is set to increase from £1,000 to £3,000 gross by 2029.