Now updated with 2020 dates, here's a list of important tax dates and deadlines for the coming months.
Here we show just how much a late return and /or a late payment on your self-assessment could cost you.
A Unique Taxpayer Reference (UTR) number is required by all sole traders, partnerships and limited companies in the UK. It’s unique to that individual or organisation and remains unchanged forever.
If you are working from home you may be entitled to claim the working from home allowance? At £216 a year tax free, it is worth finding out if you qualify.
Previous years unused pension allowances can be carried forward so you can exceed the £40,000 tax free limit this year. Higher earners should make the most of their pension allowance now, as it is under threat.
Wondering what everyday work expenses you can claim back on your self assessment form? Here are some expenses that a PAYE paying employee can claim. Note these can be back dated to also!
Could you be better off financially by changing from a sole trader to a limited company? Let's take a look at an example.
Student Tax Tips! Whether you are juggling two or three jobs throughout the tax year, or have taken up a Summer Job for a few months, getting your tax in order will save you money.
It’s always a good idea to have a thorough look at your tax tactics. Substantial savings can be put in place if you evaluate what you paid the previous tax year, and how that could be reduced when it comes to your next Self-Assessment.
We have now released the 2018/2019 tax calculator engine and it's ready to use.
When you've finally figured out how much you owe HMRC, you'll need to pay them. Here are your options, and it's not as straight-forward as you may think!
Self-employment comes with plenty of perks. Most people dream about being their own boss, and it’s true that starting your own business has plenty going for it. However, it isn’t short of challenges or obstacles either: namely around tax.
If you work from home, understanding and calculating the expenses you claim can be a murky area. Guidelines and examples are given by HMRC, but these examples do not cover every scenario.
Some people are put off producing their own tax return – keeping up on the latest tax legislation, completing the necessary forms and recording expenses can all feel a bit of a bind. If this is you, then taking the DIY approach can be much easier than you might think, and you can save on around £250 (the average cost an accountant charges for a basic tax return) by doing it yourself. To help you get started, follow these top tips on filing your tax self-assessment:
The updates announced in the Autumn 2017 Tax Budget have been integrated into the calculator.
See more ways to use your allowances to reduce your tax bill before April 5th.
Some tax savings tips that can be implemented before April 5th.