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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

Coronavirus - Self-Assessment Payment Deferrals

Coronavirus (COVID-19) Update: Self-Assessment Payment Deferrals  To help ease the financial impact of the coronavirus (COVID-19), the Government has announced that self-employed taxpayers...
/news/coronavirus---self-assessment-payment-deferrals.htm

Can I defer my self-assessment payment

Q. I am self-employed and my business has been struggling this year due to the coronavirus. I opted to defer my 31 July 2020 tax payment but I'm worried that I will not have the cash to pay the...
/news/can-i-defer-my-self-assessment-payment.htm

HMRC Extends Tax Self-assessment Deadline by a Month to 28 February

HMRC Extends Tax Self-assessment Deadline by a Month to 28 February HMRC has extended the tax self-assessment deadline by a month, until 28 February, after conceding that some people were strug...
/news/hmrc-extends-tax-self-assessment-deadline-by-a-month-to-28-february.htm

Self-assessment – DIY time-to-pay options

Self-assessment – DIY time-to-pay options   The tax return filing deadline for 2019/20 has now passed. However, where taxpayers have struggled to pay any tax they owed by the 31 ...
/news/self-assessment--diy-time-to-pay-options.htm

Covid-19: Government unveils winter economy plan

Covid-19: Government unveils winter economy plan Chancellor Rishi Sunak has unveiled the Government's winter economy plan, providing an update on current coronavirus support measures for in...
/news/covid-19-government-unveils-winter-economy-plan.htm

Confusion Over 31 July Second Payment on Account Deferral

Confusion Over 31st July Second Payment on Account Deferral  There has been some confusion on whether or not HMRC has agreed that there can be a blanket 31st July second payment on account...
/news/confusion-over-31-july-second-payment-on-account-deferral-.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 ...
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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
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