As the deadline for submitting your paper self-assessment tax return approaches, it’s important to know exactly what steps you need to take to ensure your return is processed smoothly. If you prefer using a paper form over submitting online, this guide will walk you through the process of completing and submitting your return correctly by the October 31 deadline.
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Scottish households are being urged to check if they need to fill in a tax return ahead of two key October deadlines set by HMRC, to avoid the risk of incurring a fine.
Continue readingScots struggling to understand their tax obligations or navigate their self-assessment forms have been urged to take advantage of a new, free advice service.
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If you plan to work while studying in the UK, you’ll need a National Insurance number. This unique combination of numbers and letters confirms that you’re legally allowed to work in the UK. However, if you don’t intend to work, you won’t need an NI number until you decide to start working.
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Immediate release 23/11/23
In his Autumn Statement, Chancellor Jeremy Hunt announced plans to cut the main rate of National Insurance from 12 per cent to 10 per cent, effective from January 6.
He also abolished Class 2 National Insurance payments for the self-employed, starting in April, while Universal Credit will be increased by 6.7 per cent in the same month.
Conor Forbes, Director of Policy for Advice Direct Scotland, said:“Given the current challenges facing many households, any extra funds, will be welcomed by those struggling with different financial pressures.
“Changes to National Insurance will see workers and the self-employed taking home more of their pay, and next month’s Scottish budget could have an impact as well.
“However, the cost-of-living and energy crisis are far from over. It is understandable that there is considerable concern from families who are anxious about their bills.
“At this difficult time for many, it’s important to remember that free advice is available and you don’t have to struggle alone.
“Our advisers at www.advice.scot are working hard to provide free, practical advice to anyone in Scotland.
“Our specialist debt advisers at www.moneyadvice.scot can help if you have personal financial worries, are struggling with debt, or need a way of getting back on track.
“And our www.energyadvice.scot team can support people with concerns about energy bills.”
