HMRC is reminding its customers that the Self-Assessment tax return deadline is rapidly approaching. The official deadline for tax returns for 2019-20 is 31 January 2021, but HMRC encourages individuals to complete it early, where possible, in order to swerve the last-minute rush. Anybody who has already completed their return and has paid, or made payment arrangements, does not need to take any further action. Those who complete their tax return online will be able to see an instant calculation of any tax that is due. HMRC wants to reassure anybody who has been negatively impacted by the outbreak of coronavirus, and who needs additional help to spread the cost of their tax bill, that they can do so by contacting HMRC, and that there is more information available at Gov.UK in relation to the service and whether or not individuals are eligible.
Anybody who is intending to complete a paper tax return must ensure that they send their completed paperwork to HMRC by 31 October 2020.
As always, there is a reminder about being vigilant towards scams, particularly as there has been a significant increase in scam emails, calls and texts throughout the duration of the pandemic. Any correspondence purporting to be from HMRC which requests information such as name, credit card or bank details should not be responded to, especially where it is claimed that financial help can be provided, or a tax refund is owed. Any suspicious texts should be forwarded to 60599, and any emails claiming to be from HMRC sent to phishing@hmrc.gov.uk.
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Check if you need to tell HMRC about additional income 28 October 2020
HMRC has launched new interactive guidance on GOV.UK which allows users to establish if they are required to tell HMRC about any extra income they receive that could be in addition to their main PAYE income.
Within the guidance, users are asked a series of questions about their income and depending on the answers to those questions, will then be directed to the relevant next steps, for example, if they need to complete a Self-Assessment tax return, the user will be directed to the relevant page on GOV.UK. The guidance is intended for use by those who receive a ‘casual’ income, whether that be online or in person, and do not know that they may need to declare it, or possibly pay tax on it. It is hoped that it will help them understand what they need to do to be tax compliant and how they can action that. The new guidance can be found here and covers people earning non-PAYE income that includes things like: • Selling things, for example at car boot sales or auctions, or online • Doing casual jobs such as gardening, food delivery or babysitting • Charging other people for using your equipment or tools • Renting out property or part of your home, including for holidays (for example, through an agency or online).
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HMRC webinars: Coronavirus-related measures and the Statutory Sick Pay Rebate Scheme 29 October 2020
As businesses are aware, the Coronavirus Job Retention Scheme (CJRS) is due to close on 31 October 2020, and any claims must be made on, or prior to, 30 November 2020. The Job Support Scheme (JSS) will then open on 1 November 2020, and associated claims can be submitted from 8 December 2020. In addition to this, eligible employers may be entitled to claim the Job Retention Bonus (JRB). Due to all of the changes, HMRC is running a series of
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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