
For taxpayers whose affairs are within the self-assessment tax regime, there are two very important dates for settling tax liabilities. These are 31 January and 31 July.
Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
For taxpayers whose affairs are within the self-assessment tax regime, there are two very important dates for settling tax liabilities. These are 31 January and 31 July.
The official deadline for filing a Self Assessment tax return for 2020-2021 without incurring a late filing penalty is 31 January 2022. However, for the second year running, HM Revenue & Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if required to complete their 2021 tax return and pay any tax due.
Murray Beith Murray Partner, Bill Meldrum, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman.
Last week marked the UK’s first “Tax Administration and Maintenance Day”, which came shortly after the Autumn Budget was presented. The day saw a series of tax policy updates and consultations published, all claiming to be geared towards the simplification and modernisation of the tax system.
Murray Beith Murray is ‘commended for inheritance and succession’ planning in ‘The Times Best Law Firms 2022’, published today. The annual listing, based on independent market research, names the top 240 law firms across Scotland, England and Wales and describes Murray Beith Murray as ‘a leading private client practice’. It also comments on the firm’s focus on acting for wealthy individuals in relation to complex matters; advising landowners and farmers; and expertise in advising family businesses.