Not everyone needs to complete a Self-Assessment Tax Return (SATR), but for those who do, it’s not always straightforward. If you need to complete an SATR, HM Revenue & Customs (HMRC) will send you a letter in April each year enclosing an SATR for you to complete. There are penalties for not submitting your Tax […]
Tag Archives | hmrc
How to reduce your Inheritance Tax liability
One resented tax that can hinder how much of your hard-earned assets are passed to your children, friends and family is Inheritance Tax (IHT). The thought of paying IHT can leave you feeling irritated because it’s likely that some of your hard-earned assets cannot be passed to your loved ones without a huge chunk of […]
Real Time Information
Real Time Information (RTI) is a priority Government programme aimed at improving the operation of Pay As You Earn (PAYE). It will operate online. At present, employers and pension providers send information about tax and national insurance contributions (NICs) to HM Revenue & Customs (HMRC) after the end of each tax year. This means that […]