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Archive for March, 2015

Self Assessment Late Payment Charges

As the Self Assessment deadline has now passed; HMRC will be issuing penalty notices to those who did not meet the legal requirement to file their returns on time. A fixed penalty of £100 will be due for all returns which were outstanding at 31 January 2015.  The penalty is no longer reduced where the[…] Read more »

Transferable Tax Allowances

Married couples.  It’s been a long time since the government announced the introduction of the transferable married couples allowance, but from 6 April 2015 it will come into effect.  However, you’ll only be able to take advantage if you and your spouse meet the conditions. Conditions.  The transferable allowance can only be claimed if one[…] Read more »

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