MTD for Income Tax to cost sole traders and landlords £350
Posted by Karen Jones on February 26, 2024HMRC has released figures that estimate how much it will cost sole traders and landlords to implement and comply with MTD for Income Tax.
HMRC clamps down on unpaid dividend tax
Posted by Karen Jones on February 12, 2024HMRC is writing to business owners it believes have failed to declare and pay dividend tax. We tell you what you need to know.
ATED return (Annual Tax on Enveloped Dwellings) – don’t forget!
Posted by Karen Jones on February 2, 2024Do you have a company which owns residential properties valued at over £500k? If you do, then you may have to file ATED returns (Annual Tax on Enveloped Dwellings) and pay additional taxes on them.
HMRC repays £38m in pension tax
Posted by Karen Jones on January 29, 2024In the last quarter of 2023, the taxman repaid £38 million in overpaid pension tax. We help you understand whether you’re due a refund.
R&D and Capital Allowances – two ways your business can reclaim money!
Posted by Karen Jones on January 22, 2024R&D and Capital allowances claims are two ways that may help your business reclaim some money back. Learn more about applying here.
The tax late submission penalties system explained
Posted by Karen Jones on January 12, 2024Did you know about HMRC’s tax late submission penalties? We explain how the points-based system works.
Married? Here’s how to reduce CGT bills
Posted by Karen Jones on December 21, 2023If you are married or in a civil partnership, there’s a simple way to reduce your CGT bills. We take a look at how it works.
Do I need to submit a tax return?
Posted by Karen Jones on December 6, 2023Do you need to submit a tax return? We take a look at the current rules to determine whether you need to submit a self assessment Tax Return to HMRC.
Domestic Items Relief and Landlords
Posted by Karen Jones on November 29, 2023Understanding 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, 2023Millions of pounds worth of income tax rebates remain unclaimed. Have you missed out on an income tax rebate?
