Monthly Archives: January 2025

Self-assessment scam warning

Scammers are on the rise as the Self-Assessment deadline nears! HMRC warns  that HMRC never emails or texts about tax refunds. Stay alert, report suspicious contacts, and protect your money from fraudsters.Fraudsters are increasingly targeting taxpayers with scam emails as the deadline for submitting self-assessment returns for the 2023-24 tax year approaches. Between November 2023 and October…
Read more

Scottish Budget Statement 2025-26

Scotland's 2024 Budget delivers on public priorities with investments in services, poverty reduction, and economic growth. Tax rates stay frozen, but bands shift to protect low incomes. A hopeful step forward for Scotland's future!Scotland's Deputy First Minister and Finance Secretary, Shona Robison delivered her second Budget statement to the Scottish parliament on 4 December 2024.The…
Read more

Tax Diary January/February 2025

1 January 2025 - Due date for Corporation Tax due for the year ended 31 March 202419 January 2025 - PAYE and NIC deductions due for month ended 5 January 2025. (If you pay your tax electronically the due date is 22 January 2025).19 January 2025 - Filing deadline for the CIS300 monthly return for…
Read more

Spreading tax payments by using Time to Pay

Can't pay your tax bill in full by 31 January 2025? HMRC's online Time to Pay system lets self-assessment taxpayers spread the cost over monthly instalments. With plans available for tax bills up to £30,000, this flexible option can help you avoid late payment penalties.Those eligible for the self-serve option can arrange payments online without…
Read more