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Personal tax

Revenue cuts overpaid tax interest rates to zero

HM Revenue and Customs has announced that, as from 27 January, the rate of interest to be paid on money owing to taxpayers falls to 0 per cent.

HMRC website tax error

Taxpayers, with tax owing of up to £2,000, are being advised that HM Revenue and Customs’ online tax return website contains a mistake.

Tax breaks urged for savers

Savers should be offered tax incentives as way of combating the poor returns currently being delivered by savings accounts, a leading banker has argued.

Taxpayers can delay self assessment payments

Self assessment taxpayers who are experiencing difficulties in meeting their 31 January tax bills can ask to delay payment.

Tax return date imminent

Taxpayers are being reminded that they must file their self assessment returns online by 31 January if they wish to avoid a £100 penalty.

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