Simply.Tax is dedicated to assisting as many people as possible in gaining financial control and staying on the right side of HMRC. Their team has decades of experience in their field, assisting people like you in achieving “tax zen mode”.
Simply.Tax is your one-stop shop for you to get the latest information and tips for your personal taxes in the UK. The Simply.Tax objective is unmistakable. To simplify your life and save you money. Simply.Tax cuts through the clutter of the tax world, saving you time by avoiding the use of technical jargon and citing code sections.
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Here are some great tips & tricks for extra savings at Simply.Tax:
What payment methods do you accept?
Simply.Tax accepts all major Debit & Credit cards.
I have sold a property. Do I need to pay tax on it?
If the property is and always has been, your main home, you do not need to tell HMRC that you have sold it, and no tax would be due to HMRC on the proceeds or profit made. If the property is an investment, such as letting it out for rental income or a holiday home, you will need to pay tax on the profit made when you sell it.
When is the tax return deadline?
For the tax year finishing on 5th April, you normally have until 31st January the following year to submit your tax return to HMRC.
Can I make changes to my tax return after I have submitted it to HMRC?
Once the initial tax return is accepted by HMRC, you have until the following 31st January to make any changes and submit an “Amended” tax return. Please note that if your tax bill goes up in the amended tax return, HMRC will charge you interest on that extra amount.
What are the penalties if I don’t submit my tax return on time?
The deadline to file is 31st January following the end of the tax year. If you miss the deadline, HMRC will issue an automatic £100 penalty for late filing and potentially, another £100 for not paying the tax on time. You can appeal against these penalties if you have a valid reason but it is better to seek advice around this. If you don’t file your tax return within 3 months of the filing deadline, the penalties will start increasing rapidly and could run into thousands of pounds.
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Simply.Tax is a website dedicated to making tax returns as simple as possible.
Simply.Tax is a group of trained, experienced, and geeky Chartered Accountants with a passion for leveraging technology to make staying up to date with HMRC a little easier.
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Our discounts team last updated the offers for Simply.Tax on 27th December 2021.
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