Taxworks

08/02/2026

🍻 Cheers!

07/01/2026

Automatic £100 late filing penalty if you miss the deadline!

01/01/2026

17/12/2025

We'll be taking a break from next Tuesday till the New Year. 5 days left to catch us. ✨️

04/09/2025

MTD starts in 7 months. Check here to see if you need to switch...

https://taxworksuk.weebly.com/making-tax-digital.html

16/07/2025

MAKING TAX DIGITAL (MTD)

It's finally happening!

When?
From April 2026

For who?
Self employed people or landlords earning over £50k per year.

You'll be required to...
- upload digital records i.e. income and expenditure
(on mtd compatible software)
- submit a quarterly return
- submit an end-of-year return

We can do it all for you.

Already a client?
If you earnt £50k+ in the tax year April 24 to April 25, we'll be contacting you to talk you through it.

27/04/2025

HMRC NUDGE LETTERS
What are they?

Put simply, the governments way of urging you to get your tax affairs in order.

They data check randomly and send these letters out, however, there's roughly a 20% chance of your records ever being fully investigated.

Why you'd get one...

You MAY have underpaid tax for...
- benefits in kind
- capital gains
- bank interest

If you receive one of these letters please don't panic. We can easily check your HMRC accounts and amend your latest returns to avoid an investigation and fines.

Contact us and we'll work you through it.

06/03/2025

If you missed the Self Assessment Tax Return Deadline on 31 January, you might be wondering what the penalties are.

Acting quickly could save you alot of money.

Penalties for missing the deadline...

There’s an automatic £100 late-filing fixed penalty. Payable even if you have no tax to pay or you pay any tax that’s due.

After 3 months...
You’ll have to pay a penalty of £10 per day for up to 90 days (max fine of £900).

Six months...
You’ll have to pay a further penalty of 5% of the tax due or £300, whatever is higher. In addition to above.

12 months...
You’ll have to pay another 5% or £300, whatever is higher.

Appealing...
If you have a legitimate reason for not filing by the deadline, we can work on an appeal for you.

Reasonable grounds for appeals would be...

- A partner or close relative died shortly before the deadline.

- You had a serious or life-threatening illness.

- An unexpected stay in hospital prevented you from filing in time.

- A computer or software failure

- Fire, flood or theft.
- Disability or mental illness

- You appointed someone else to file for you and they failed to do so.

Contact us today to get back on track.

02/03/2025

Working our way through contacting you all. We'll be ready to file for you from 6 April.

06/02/2025

Taxworks is 9 years old today. Thanks all for your support 🎊