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The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy to leave dealing with their 2023-24 tax returns until later this year or even until January 2025. #TaxReturns #HMRC #FilingTaxReturns

HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that enables taxpayers to view and update their information in real time. The PTA can be used for many routine requests and services and help you bypass the need to call or write to HMRC. #Tax #PersonalTaxAccount

HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that enables taxpayers to view and update their information in real time. The PTA can be used for many routine requests and services and help you bypass the need to call or write to HMRC. #Tax #PersonalTaxAccount

The Annual Tax Summary is a document provided by HMRC that shows details of the tax you pay and how this is used by government. #TaxSummary #ViewTaxSummary

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy to leave dealing with their 2023-24 tax returns until later this year or even until January 2025. #TaxReturns #HMRC #FilingTaxReturns

The Annual Tax Summary is a document provided by HMRC that shows details of the tax you pay and how this is used by government. #TaxSummary #ViewTaxSummary

Personal Taxation Laws – Legal Rights and Obligations Personal taxation laws are an essential aspect of financial management that affects every taxpayer. Understanding these laws helps individuals navigate their legal rights and obligations, ensuring compliance with IRS regulations and maximizing the benefits available to them. This article delves into the intricacies of personal taxation laws, offering clarity on important aspects that taxpayers need to be aware of. Historical Context of Personal Taxation Laws Early Development of Taxation Taxation has been a part of human civilization for centuries. Early forms of taxation can be traced back to ancient civilizations such as Egypt and Rome, where taxes were levied on various goods, trades, and land. These early systems laid the groundwork for modern taxation practices, evolving over time to meet the changing needs of society. Major Milestones in U.S. Tax Legislation The history of personal taxation in the United States is marked by significant legislative milestones. The introduction of the federal income tax through the 16th Amendment in... #incometax #IRSregulations #LegalRights #personaltaxationlaws #TaxAttorney #TaxCompliance #taxcredits #taxdeductions #taxdisputes #taxobligations #taxplanning #taxpayerrights

HMRC has confirmed that more than 11.5 million people submitted their 2022-23 self-assessment tax returns by the 31 January deadline. This included over 778,000 taxpayers who left their filing until the final day and almost 33,000 that filed in the last hour (between 23:00 and 23:59) before the deadline! #TaxReturns #SelfAssessment #FilingDeadline

In this Insight Annemarie Wilmore, Julian Wan and I discuss the Full Federal Court's recent decision in Minerva Financial Group Pty Ltd v Commissioner of Taxation, where the Court concluded that the general anti-avoidance rule, Part IVA, did not apply in circumstances where a trustee had exercised its discretion to distribute income in accordance with the trust constitution and the terms on which the units were issued. We outline the key issues considered by the Court and the implications of the decision for taxpayers. https://lnkd.in/ghugRrci

Self-assessment taxpayers are usually required to pay their income tax liabilities in three instalments each year. The first two payments on account are due on 31 January during the tax year and 31 July following the tax year end date. #IncomeTax #SelfAssessment