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The Latest Breaking News from Tax Return

Ten key money changes coming in October including new £2,500 energy price freeze

We round up ten financial changes you need to be aware of in October, as the cost of living crisis continues to squeeze household budgets and pile pressure on Brits

Daily Mirror

HMRC identifies four groups of people who may have to file Self Assessment tax return for first time

The deadline to register for Self Assessment for the 2021/22 tax year is next week.

Daily Record

Congress prods IRS to fix tax-return backlog, improve customer service

WASHINGTON — U.S. lawmakers are pressing the IRS to explain how it plans to relieve a backlog of tax returns that have delayed refunds and to detail what measures it’s taking to improve customer service.

Tribune News Service

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read the most diverse news in one place.

Expanded IRS free-file system one step closer in Dems' bill

The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system

The Independent UK

Appeals court sides with House in fight over Trump tax returns

WASHINGTON — The House Ways and Means Committee can use a federal law to gain access to the tax returns of former President Donald Trump, a federal appeals court in Washington ruled Tuesday.

Tribune News Service

Appeals court sides with House in fight over Trump tax returns - Roll Call

Appeals court allows the House Ways and Means Committee to get Trump’s personal tax records from the Treasury Department.

Roll Call

5.83 crore Income Tax returns filed till July 31, record 72.42 lakh on last day

While initially income tax return (ITR) filing was slow, the pace picked up as the deadline neared

The Hindu

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Taxable income: Does having more than one job mean I pay more tax?

The Australian Tax Office (ATO) doesn’t care how many different sources of income you have, it just need to know how much your total taxable income is.

The New Daily

Tory leadership contest: Which candidates have pledged to publish tax returns?

Pledges come amid scrutiny on candidates’ financial affairs

The Independent UK

My wife died but she is being fined by HMRC for overdue tax return

It’s hard enough losing my wife without the Revenue chasing me for £300

The Guardian - UK

Zahawi dismisses ‘smears’ about tax affairs as ‘inaccurate’ and ‘unfair’

The Tory leadership candidate pledges to publish his tax return annually if he is made prime minister.

The Independent UK

Nadhim Zahawi vows to publish tax returns if he becomes PM amid HMRC probe

Chancellor claims to be victim of ‘smear’ campaign as Tory leadership hopefuls make transparency pledge

The Independent UK

Here’s How To Easily Claim Your WFH Hours On Your Tax Return ‘Cos We All Deserve That Cash

The Australian Tax Office has made a tax return shortcut this financial year to help you claim cash back on all your working from home bills.

Pedestrian.tv

The major changes that will affect your future tax returns

If you've worked from home during the pandemic, you are likely to have used a shortcut method of claiming home office expenses that ended on June 30.

The New Daily

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news in one place.

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The New Daily

‘Take your time’: ATO urges Australians to delay filing tax returns

Millions of Australians are expected to rush in and file their 2021-22 tax returns over the next month, with bumper refunds on the table this year.

The Guardian - AU

Tax return Australia: what expenses can I claim if I’ve returned to the office for work?

So you’re leaving the house for work again, either some or all of the week: here’s what to do and what you can claim

The Guardian - AU

Tax return 2022: what expenses can I claim if I’m working from home?

From electricity and internet bills to printing paper and ink, here’s what the ATO says you can and can’t claim for your home office

The New Daily

Preparing your tax return? Here are the COVID-19 tax deductions you may not have heard about

The clock is ticking towards the end of the financial year, which means it's time to start preparing your tax return. Here are some COVID-era deductions.

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news in one place.

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ABC News

Trying to recoup the higher cost of living via your 2022 tax return? 'Not on', ATO warns taxpayers

Australians not declaring crypto investments and over-claiming work-related expenses to help with the rising cost of living could come under ATO fire.

The Conversation

Does paying for tax advice save money? Only if you’re wealthy

If you use a tax adviser to complete your income tax return you’re not alone. Australians use tax advisers more than any other nation apart from Italy.

Pedestrian.tv

100+ EOFY Sales Across Fashion, Beauty, Tech & More Actually Worth Shopping

Save up to 90 per cent, and yes, you read that right. 🥵

Daily Record

Lanarkshire customers among thousands who filed tax returns on first available date

HMRC encouraging other people to change their filing habits and follow suit

Daily Record

HMRC confirms filing tax returns early this year could mean refunds are paid sooner

More than 66,000 people filed their 2021/22 return on April 6.

The Independent UK

Nearly 66,500 ‘early birds’ file returns on first day of new tax year

People are increasingly getting their tax returns in early, HM Revenue and Customs said.

Benzinga

Trading Crypto? Here's What You Need To Know For Tax Time

By Abigail Perry Crypto is still a relatively new investment opportunity, and there are still many unanswered questions about how it fits into our tax laws. Well, the bad news for crypto investors: it is taxable. Despite being a digital asset, the IRS considers cryptocurrency holdings 'property'. This means they…

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