The traditional January 31 deadline for tax returns has been relaxed for the first time ever amid fears the pandemic could cause millions to be fined.
Her Majesty’s Revenue and Customs yesterday said it will not penalise anyone who does not file their online tax return by the end of the month. Taxpayers will receive a £100 penalty only if they do not file and pay their bill by February 28.
More than 8.9million people have already submitted online self-assessment tax returns for 2019/20, but over three million are still yet to do so.
However, taxpayers – including the self-employed, landlords and investors – are still expected to file by Sunday and interest will be charged from February 1 on tax owed.
The traditional January 31 deadline for tax returns has been relaxed for the first time ever amid fears the pandemic could cause millions to be fined
Derek Cribb, chief executive of the Association of Independent Professionals and the Self-Employed, called HMRC’s intervention ‘helpful’ but said the Government body ‘could go further to relieve some of the financial stress on the self-employed’ [Stock photo]
HMRC boss Jim Harra said: ‘We recognise the immense pressure many people are facing in these unprecedented times.’
Dawn Register, of audit and tax services firm BDO, said: ‘HMRC clearly understands that those severely impacted by Covid-19 should not face receiving a ‘brown envelope’ in February, as it would result in unnecessary angst.’
Support is also available for customers who need help with their tax liabilities.
Once they have completed their tax return, customers can set up an online payment plan to spread self-assessment bills of up to £30,000 over up to 12 monthly instalments.
Derek Cribb, chief executive of the Association of Independent Professionals and the Self-Employed, said: ‘While this is a helpful intervention, we believe HMRC could go further to relieve some of the financial stress on the self-employed.’
Tips to Find Low Priced Luxury Holiday Package Deals Fast
For most families, it has already been a common practice to spend the Holiday season in a foreign location. This is caused by the aviation market changes which have given a lot of benefits for people who travel a lot. Airfares going to different tourist destinations are becoming more inexpensive. What does this mean? If there is a perfect time to purchase luxury holiday package deals, now it the right time! Based on the market trend nowadays, you can save both money and time when you go for a luxury holiday. There are countless offers that combine travel and accommodation in one package which is a lot cheaper than getting separate deals. Aside from that, it is also risky to individually book the services that you need for the vacation. You might end up missing out on some important details of the trip. Unlike when you take advantage of luxury holiday package deals, you can be sure that everything is organized meticulously and according to what you really need. Nonetheless, you would still need to carefully select the package that would fit your needs. Review the following tips in getting packages that are reasonably priced. · Normally, luxury tour packages include accommodation, flight travel and transportation to individual tourist destinations. It would be best to choose the complete package so you won’t have to worry about other vacation elements. In addition to that, these are the packages that have the biggest discounts. · You can get big mark down prices, if you will purchase more packages. It is not a bad idea to share the wonderful moment with your loved ones. By doing so, you would not only enjoy, you will also save more money. You can even use your savings for other activities on your vacation. · It would be best to know how much you are willing to pay for the luxury tour packages. You can already work around your budget. You have to stick to your budget. If not, you might end up spending a lot and you will be left with less money for your vacation. · Prices may vary depending on the destination of the tour. You can do a research about places that are attractive yet inexpensive. There are thousands of destinations and you just have to choose wisely. · There are packages that include recreational activities. This means that you are paying for all the activities when you purchase these packages. The right thing to do is to make sure that the activities that are included would be the ones that you really enjoy. There is no sense in paying for activities that will not really make your vacation memorable. If you are going with friends, you should also consider their preferences so that you can be sure that everyone will enjoy the trip. There are other ways on how you can be sure that you are getting the best deal for your luxury holiday vacation. No matter how you choose to do it, you have to get adequate information about the packages. This will help you determine whether it is worth the price.