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Personal Self Assessment

Personal Self Assessment   It is a common misconception that individuals only have to submit a self assessment tax return if they receive one from HM Revenue and Customs. All individ...
/services/personal-self-assessment.htm

Changes to NICs for the Self-employed

Changes to NICs for the Self-employed From 2015-16 onwards, the collection of Class 2 contributions will be through the self-assessment system. This means that Class 2 NICs can now be paid...
/news/changes-to-nics-for-the-self-employed.htm

CGT (Capital Gains Tax) Payment within 30 days of the sale - coming for Property owners?

The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on...
/news/cgt-capital-gains-tax--payment-within-30-days-of-the-sale---coming-for-property-owners-.htm

Repayment Claims for Tax on Interest

Repayment Claims for Tax on Interest   You may be able to claim a tax repayment from the Tax Office if your bank has deducted 20% tax from interest paid. If your tax-free allowance (up...
/news/repayment-claims-for-tax-on-interest.htm

Services

Our Services View our service selection below. If you have any enquiries about other services we offer, please feel free to contact us   Small Business Taxation ...
/services/

Q. I have not yet paid my self-assessment payment on account, which was due on 31 July...

Q. I have not yet paid my self-assessment payment on account, which was due on 31 July 2017. Will I be charged a penalty for paying late? A. Interest will be charged on the overdue amount. The...
/news/q-i-have-not-yet-paid-my-self-assessment-payment-on-account-which-was-due-on-31-july.htm

Q. Due to cash flow difficulties I have not yet paid my self-assessment...

Q. Due to cash flow difficulties I have not yet paid my self-assessment payment on account, which was due on 31 July 2018. I realise that I will have to pay interest on the amount outstanding, but ...
/news/q-due-to-cash-flow-difficulties-i-have-not-yet-paid-my-self-assessment.htm

Dividend Allowance

Dividend Allowance – The Government’s attempt to match an incorporated business’s tax to that of a sole trader – See below for the facts and my view Legislation included...
/news/dividend-allowance-.htm

Tax Simplification - Autumn Statement

Tax Simplification New method of assessment A new, simpler process for paying tax will take effect from 2016-17. The new system will be used for self-assessment taxpayers who have simple ta...
/news/tax-simplification---autumn-statement.htm

HMRC to use Automatic Search Programmes

HMRC to use Automatic Search Programmes!   The Taxman has announced he is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches. ...
/news/hmrc-to-use-automatic-search-programmes.htm

MTD (Making Tax Digital) update – When will this be mandatory?

HMRC's pilot of Making Tax Digital (MTD) for income tax has been extended and is now able to accept quarterly updates from individual landlords with simple tax affairs. We as agents can also si...
/news/mtd-making-tax-digital-update--when-will-this-be-mandatory.htm

Two million couples still missing out on Marriage Allowance

Two million couples still missing out on Marriage Allowance Recent government statistics indicate that out of four million eligible couples, around half are still not benefitting from the incom...
/news/two-million-couples-still-missing-out-on-marriage-allowance.htm

Autumn Budget 2017 - Double taxation relief: Changes to targeted anti-avoidance rule

Autumn Budget 2017 - Double taxation relief: Changes to targeted anti-avoidance rule Two changes are being made to the double tax relief (DTR) targeted anti-avoidance rule (TAAR). The first cha...
/news/autumn-budget-2017---double-taxation-relief-changes-to-targeted-anti-avoidance-rule.htm

Property rental income split between spouses...

Q. I am an employee and am liable to income tax at the higher rate. I also receive income from a rental property that I own. My wife does not work. If I instruct the tenants to pay the rent directl...
/news/i-am-an-employee-and-am-liable-to-income-tax-at-the-higher-rate.htm

Voluntary tax returns

Historically HMRC have exercised discretionary collection and management powers to accept and treat voluntary income and corporation tax self-assessment returns received on the same basis as tax re...
/news/voluntary-tax-returns.htm
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