Domestic Items Relief and LandlordsPosted by Karen Jones on November 29, 2023
Understanding when domestic items relief can be claimed is important as it determines whether a cost is tax-deductible or not.
£217m income tax rebates unclaimed – are you missing out?Posted by Karen Jones on November 27, 2023
Millions of pounds worth of income tax rebates remain unclaimed. Have you missed out on an income tax rebate?
Owed a Marriage Allowance rebate? You may lose out if you don’t claim by AprilPosted by Karen Jones on November 22, 2023
Married or in a civil partnership? You could be owed a large Marriage Allowance rebate from HMRC. Don’t miss out; make sure you claim soon.
Late tax penalties: changes to late submission & payment schemesPosted by Karen Jones on October 30, 2023
HMRC is introducing new late tax penalties. They will cover late tax submissions and late payments – and the introduction dates have changed.
Most Self Assessment Tax Returns are handled by Accountants for good reasonPosted by Karen Jones on October 2, 2023
Innocent errors on a tax return can be a red flag for HMRC and may well draw unwanted attention to the taxpayer. Engaging an accountant can help.
Central assessment of VAT – changes to HMRC’s processPosted by Karen Jones on September 28, 2023
When you miss a VAT return, HMRC does a central assessment of VAT. Changes to the system mean it’s more important than ever to file on time. If you don’t, it may be more likely you’ll experience enforcement action.
Private Residence Relief for CGT – how does it work?Posted by Karen Jones on September 11, 2023
If you sell your main home, Private Residence Relief (PRR) means you normally don’t pay Capital Gains Tax. But there are exceptions!
Is my mobile phone tax deductible?Posted by Karen Jones on September 4, 2023
Is your mobile phone tax deductible? It depends on whether you’re a sole trader, partner or limited company. We explain the rules.
Self Assessment tax return – are you required to complete one?Posted by Karen Jones on August 16, 2023
Do you know if you meet the criteria for submitting a self-assessment tax return? If not then this is a MUST read…
IHT forms: which ones could help you claim back thousands?Posted by Karen Jones on August 7, 2023
When you lose a loved one you may need to pay inheritance tax. But, there are two IHT forms that could help you claim back thousands.