The Martin Lewis Podcast Everything you ever wanted to know about tax but were too afraid to ask!
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Jan 15, 2026 In this insightful discussion, tax experts Carrie Mellon and Rebecca Bennyworth tackle pressing tax topics. Carrie, a director at Opus Tax Limited, simplifies self-assessment deadlines and how to deal with the basics of inheritance tax. Rebecca, known for her policy advice, clarifies who needs to file returns and the impact of PAYE. They delve into the nuances of capital gains tax, savings interest allowances, and offer guidance for retirees. Plus, they highlight resources for taxpayers who need help with forms, making tax a little less daunting!
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Act Now On Self-Assessment
- File your self-assessment by 31 January or risk a £100 fine and daily interest on unpaid tax.
- If unsure, pay an estimated amount now to reduce interest and appeal later if needed.
Bereavement: Appeal Late-Filing Penalties
- If a partner dies, use 'reasonable excuse' to appeal late-filing penalties and expect cancellation.
- Contact HMRC bereavement team and make a payment towards likely tax to limit interest.
End Self-Employment Cleanly
- If self-employment ceased during the year, tick the ceased box on this year's return to be removed from future self-assessment.
- Call HMRC if they don't retrospectively cancel your requirement.