THP Blog

Watch out for the double tax whammy…..!
Posted by Jon Pryse-Jones on May 3, 2017

What you need to know about double tax If you are in the position where you have outstanding tax to pay on/by 1 January each year of up to £1000 perhaps because you have some untaxed rental income, there’s something you need to watch for.

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Double tax UK
Don’t pay Capital Gains Tax……!
Posted by Jon Pryse-Jones on May 2, 2017

Selling personal possessions can incur Capital Gains Tax If you sell “things” you own personally at a large profit then you could find you are hit with a large bill from the taxman for Capital Gains Tax.

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tax-free capital gain
Not Making Tax Digital quite yet then…….!
Posted by Jon Pryse-Jones on April 28, 2017

Delaying in Making Tax Digital I have a personal confession to make….I haven’t spent as much time researching all the ins and out of this new-fangled MTD concept yet as I probably should have done.

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HMRC making tax digital
How to earn £2,000 without having to tell the taxman
Posted by Nigel Reynolds on April 24, 2017

Tax-free allowances “A little bit added to what you’ve already got,” as P.G. Wodehouse was fond of pointing out, “gives you a little bit more.” We can’t argue with that. And if you’d like to add a tax-free £2,000 to your income (or £4,000 if you are married), then draw up a chair and listen…

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tax free money
Are you in the “GIG ECONOMY”?
Posted by Jon Pryse-Jones on April 19, 2017

If so, watch out for the taxman….. The growth of the UK’s ‘gig economy’ means that tax investigations are on the increase. The ‘gig economy’ refers to companies such as Uber and Deliveroo who use short-term or freelance contractors rather than permanent employees.

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GIG ECONOMY
Use computer software to prepare and file your 2016/17 tax return and you could overpay tax – this is why……
Posted by Jon Pryse-Jones on April 12, 2017

Preparing for your tax return with software Tax software is supposed to make our lives so much easier. In an ideal world it is there to apply all of HMRC’s rules to the income figures you submit, calculate your tax in a jiffy and make sure you don’t pay a penny more than you should.

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tax return
IR35 – could the taxman’s new online “tool” damage your health?
Posted by THP on April 4, 2017

Changes to the IR35 Somewhere in the inner circles of hell is a place where forlorn spirits are being tormented with the changes to the IR35 regime that are being introduced this April. The changes are essentially a tax grab.

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HMRC online tool
Asking HMRC for more time to pay
Posted by Jon Pryse-Jones on March 27, 2017

Know you cant pay your tax bill? Avoid penalties by doing this! If you can’t raise the money to pay the whole of your tax bill by the due date, you can ask HMRC to agree a time to pay (TTP) arrangement.

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Paying Tax
Reduction in the £5,000 dividend allowance – is this lady for turning…..?
Posted by Jon Pryse-Jones on March 24, 2017

Dividend Allowance and the Spring Budget 2017 Well the National Insurance increase for the self-employed introduced in the Spring Budget didn’t last very long it seems. At the first sign of political pressure it was quietly abandoned. (Or was that postponed….?) Unless there are further political objections and U-turns, one of the few remaining revenue

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Dividend Changes
How would you like to pay your tax bill, sir? With iTunes gift cards?
Posted by Ben Locker on March 3, 2017

If there’s one thing you can rely on when it comes to the taxman, it’s the fact that he likes his bills to be settled using cold, hard cash – preferably deposited directly into his account. I mean, wouldn’t you be a teensy bit suspicious if he rang up and asked you to settle in,

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iTunes card
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