Personal tax

People who have found that HM Revenue and Customs’ online tax return website contains a mistake on the payment of self assessment tax through their PAYE codes have been given advice on what to do.

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.

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

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

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

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