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With the deadline for self-assessment having passed on 31st January, HMRC would assume that all tax returns are submitted and tax bills settled. Failure to do so would lead to additional charges and penalties. However, if you are stuck with trying to pay your liabilities there are a few options.…

In the government’s second finance bill that was confirmed last month, dividend allowance was cut by £3,000 from its current level at £5,000. As Chancellor continues to target the contracting industry this could leave contractors with a dividend tax bill of £1,143. Phillip Hammond first spoke about the dividend cut…