Missing a tax filing deadline can feel worrying - especially when you’re balancing work, family and everything else life throws at you. The good news is that there are clear steps you can take to minimise the impact and get back on track. With a calm, proactive approach, you may be able to limit penalties and stress. Below, we explain what happens if you miss the Self Assessment tax return deadline and the penalties that HM Revenue & Customs (HMRC) can apply. 1. File Your Ret

It’s that time of year again! Many businesses are getting ready to thank their teams for a year of hard work with a Christmas party or festive get-together. It’s a lovely tradition - and it can also be tax-efficient, provided you know the rules. Here’s a simple guide to what HMRC allows when it comes to Christmas staff entertaining.   1. The £150 Christmas Party Rule HMRC has a special exemption that can make your staff Christmas party completely tax-free - for both your busi

One of the most significant transformations in tax is Making Tax Digital (MTD) to individual taxpayers , set to begin in April 2026 . ...