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The Webb Teasdale Weekly

This week we look at an update from HMRC about Self Assessment and also an update on the National Minimum wage

Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1‌‌ April.


The payment deadline for Self Assessment is 31 January and interest will be charged from 1 February on any amounts outstanding. The deadline has not changed, but this year, because of the impact of COVID 19, HMRC is giving taxpayers more time to pay or set up a payment plan. 

Payment plans or payments in full must be in place by midnight on 1‌‌ April to avoid a late payment penalty.


HMRC recognises the pressure affecting customers due to the pandemic, and anyone worried about paying their tax should contact HMRC for help and support on 0300‌‌ 200‌‌ 3822.


Self Assessment customers who have yet to file their tax return should do so‌‌ by‌‌ 28‌‌‌‌ Fe‌bruary to avoid a late filing penalty.

Use the EMAIL us button below to get in touch for a chat about your self- assessment options

The minimum wage rates have increased with effect from 1 April.

Please note that the age ranges have changed.


NEW RATES FROM 1 APRIL 2021 - 

These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) from 1 April 2021.


April 2021 (new rate)


23 and over £8.91

21 to 22 £8.36

18 to 20 £6.56

Under 18 £4.62

Apprentice £4.30

 


More information about minimum wages can be found at www.gov.uk

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