We’re now well into October and you only have a matter of weeks left if you are one of the 3 million or so taxpayers who still file a paper tax return each year. October 31st is the deadline for paper eturns to be received by HMRC. Note I said received by, not sent to. There is a difference!
And it is a difference that could cost you a £100 fine! That’s the automatic penalty you will be hit with if HMRC ask you to complete a Tax Return and you don’t comply.
Under the ‘What will happen’ section of the form I was then told that
“The Tax Repayment Agency will retain 40% excluding VAT for processing and administration. Terms & Conditions at www.taxrebate.co.uk\terms.pdf”
Forty percent! Wow. for doing something that I could do myself!
What’s your take on the recent news that the State Pension is going to increase to 68? Do you think even 68 is optimistic and that the reality is that sooner rather than later we could be looking at a State Pension age of 70? And what does that mean for today’s students, about to leave college and university. At…
In the second of our conversations with BBC Scotland’s Theresa Talbot we find out a bit more about what she does with her money at the moment and we set her some tasks to complete. She also talks pineapples and notebooks, although were still not really sure why!