HMRC is reminding taxpayers that the deadline to submit 2020/21 personal tax returns through self-assessment is on or before midnight on 31 January 2022.

HMRC issues last reminder for 2020/21 personal tax returns  Some 407,510 startups were created during the 2020/21 tax year, despite the challenges presented by the pandemic.  Those who are unincorporated require a unique taxpayer (UTR) code to file their first tax returns via self-assessment for the 2020/21 tax year. But the tax authority is experiencing… Continue reading HMRC is reminding taxpayers that the deadline to submit 2020/21 personal tax returns through self-assessment is on or before midnight on 31 January 2022.

IHT planning – The basics

Increasing house prices raise inheritance tax risk.  Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years.  Back in March 2021, Chancellor Rishi Sunak confirmed the main inheritance tax thresholds will remain frozen at their… Continue reading IHT planning – The basics