HMRC’s self assessment deadline is today, so if you haven’t completed your tax return yet you need to do so to avoid being fined. By Ariane Sohrabi-Shiraz/Published 31st January 2019 Today is the HM Revenue and Customs (HMRC) 2017/2018 online self assessment deadline.If you’ve left it to the last minute, it’s still possible to do it, but you need to do it now.Rory Stoves, Personal Finance Expert at uSwitch.com, said: “If you’ve left it to the last minute to complete your self-assessment don’t bury your head in the sand.“You have until midnight tonight to avoid a fine. Don’t put it off because it feels overwhelming.“Grab a cuppa and pop onto HMRC’s website, at most it should take just a couple of hours to complete.“If you’re doing it for the first time, HMRC has helpline numbers you can call if you need to query anything but be prepared for a long wait.“Instead jump online – you’ll find … [Read more...] about HMRC self assessment deadline TODAY: How to do online tax returns to avoid being FINED
How long take tax return
With IRS tax filing kicking off on Monday, brace yourself for a tricky tax season. It's the first year that taxpayers will be filing under the massive tax law overhaul pushed through by the Trump administration. And a month-long partial shutdown of the federal government threatens to complicate things further for some.The Trump administration has promised taxpayers will receive their refunds on time. Yet some IRS workers who have been called back to work during the furlough -- on an unpaid basis -- are asking to be excused from work because of financial hardship. That's raising questions about how the tax season and refund timing will unfold. Tax filing officially opens for individuals on Monday, Jan. 28. Here's what you need to know:Q. I still have to pay my taxes, right?A. Yes. Despite the shutdown, tax laws remain in effect. Individuals and businesses should keep filing tax returns and making payments as required.The IRS began accepting business tax filings earlier this month … [Read more...] about Tax returns: How the government shutdown, new law will impact you
DUBBED the 'Flying Bum' for its distinctive exterior, the Airlander has amazed onlookers for years. But could the distinctive airship soon take holidaymakers under its wing? Here's what we know. The new aircraft has been designed with a luxury market in mind What is Airlander 10? The Airlander 10 was a prototype airship model that retired in January, 2019. The aircraft, which can take off and land from almost any flat surface, reached heights of 7,000ft and speeds of up to 50 knots during its final tests. It was originally developed as a surveillance aircraft for the US army before the programme was cancelled. The airship was then reassembled for civilian use at RAF Cardington in Bedfordshire. When will it launch? After six test flights - some of them chaotic - it was announced that the Airlander 10 would retire in January 2019. But Hybrid Air Vehicles, creators of the airship, says a new model based on the Airlander will take to the skies by the early 2020s. And customers should be … [Read more...] about When will Airlander 10 launch, how long is it and will it be open to passengers?
Self-employed workers and other self-assessment taxpayers need to get their skates on if they have yet to file their tax return for the 2016-17 tax year, as the deadline is fast approaching on January 31. A tax return is a form on which you report details of your taxable income. HMRC uses the information you provide to work out your tax bill – or whether you are due a refund. The deadline for paper tax returns passed at the end of October. However, you can still file online until the end of next month. While filling out the necessary forms may not be top of your “to-do list” this Christmas, you can’t afford to sit back and do nothing, as if you fail to file and pay the tax owed by January 31, you could face harsh fines. Getting it right Filling in a tax return does require some time and concentration, as it can be easy to make mistake. The good news is, we’ve teamed up with Chas Roy-Chowdhury, tax expert from the Association of Chartered Certified … [Read more...] about How to fill in your tax return and get it right the first time
A 20-year battle to get millions of pounds of wrongly paid tax returned to former Roadchef staff has been won with the help of a Scots MP. Ex-workers at the M8’s Harthill service station in Neil Gray’s constituency were celebrating yesterday, along with thousands of others in the UK A multi-million pound payout is coming after a court decision to repay 4000 ex-workers in the Roadchef Employee Benefit Trust. The trust, set up to help staff benefit from the profits of the firm’s sale, has been in dispute over tax wrongly paid to HMRC by RoadChef’s former boss. Airdrie & Shotts SNP MP Gray led calls in the Commons for the £10million plus interest to be repaid to trustees and was yesterday toasting success. But he warned the campaign was not over, urging the Treasury to honour a commitment that payments to former workers and their beneficiaries must be tax free. Gray said: “I’m absolutely thrilled that the campaign to see money returned but work … [Read more...] about Roadchef staff win 20-year battle to have millions in wrongly paid tax returned