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Murray Beith Murray Private Client Partner, Peter Shand, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman:
Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
Murray Beith Murray Private Client Partner, Peter Shand, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman:
For taxpayers whose affairs are within the self-assessment tax regime, there are two very important dates for settling tax liabilities. These are 31 January and 31 July.
The official deadline for filing a Self Assessment tax return for 2020-2021 without incurring a late filing penalty is 31 January 2022. However, for the second year running, HM Revenue & Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if required to complete their 2021 tax return and pay any tax due.
Murray Beith Murray Partner, Bill Meldrum, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman.
Last week marked the UK’s first “Tax Administration and Maintenance Day”, which came shortly after the Autumn Budget was presented. The day saw a series of tax policy updates and consultations published, all claiming to be geared towards the simplification and modernisation of the tax system.