UK Tax News from TaxPenny

Self Assessment Tax Return Deadline Update

A quick reminder that the deadline for submitting your tax return for income from the 2010/2011 tax year is coming up. You must submit your tax return by midnight Tuesday 31 January 2012, unless you only only received notification to submit a tax return after 31 October 2011. In that case you have 3 months [...]

2012/2013 Statutory Payments

The following statutory payment rates have been announced by HMRC for the 2012/2013 tax year. These will be confirmed before April 2012. Statutory Sick Pay (SSP) :- £85.85 / week Statutory Maternity Pay (SMP) :- £135.45 / week Ordinary Statutory Paternity Pay :- £135.45 / week Additional Statutory Paternity Pay :- £135.45 / week Statutory [...]

Finance Bill 2012 – Draft Legislation Analysis

The draft finance bill for 2012 was published yesterday and in amongst over 1,000 pages of legislation and notes a few key issues to extract: New tax rates and allowances for 2012/13 Bands will remain at 20, 40 and 50 percent. UPDATE: Click here for the full breakdown and tax calculator Foreign currency bank accounts [...]