Late tax returns and penalties

Late tax returns and penalties for mistakes If you miss the deadline for filing your tax return or paying your bill, you could face harsh penalties Late tax return penalties If you miss the final deadline to file your tax return…

Self Assessment guide for Taxi Drivers

Self Employed Taxi Driver – Help & guidance with your tax return How do I register? – What expenses and allowances am I allowed to claim? Is it difficult completing a tax return online? How much tax will I have…

Self Assessment – explained

Self assessment tax return guide. How do I register? What allowable expenses and allowances can I claim? How much tax will I have to pay? These are important questions. This guide sets out the basics for getting your tax affairs in…

Tax Returns & child benefit claims – the basics

If you or your partner are claiming child benefit and one or both of you are earning more than £50,000 per year you will have to complete a Tax Return.. Overview.. Here, we explain who is affected by the child benefit changes and what, if…

Child Benefit and your Tax Return – explained

If you are receiving child benefit and are earning more than £50,000 per year you will most likely have to complete a Tax Return… Overview… Here, we explain who is affected by the child benefit changes and what, if…

CIS Subcontractor – tax explained

Who is a CIS subcontractor? If you’re self-employed and agree to do construction work for a contractor, you’re a CIS subcontractor. You should register with CIS. We deal with CIS tax refunds immediately for a fixed fee of £130 Contact us or…

Tax tips for Residential Landlords

Tax allowable expenses that can be set against your rental income. You can deduct certain expenses from the total rental income. The tax you pay is based on the rental income figure after deduction of expenses. You may only deduct…

Self Assessment Tax Return – Who needs to fill one in?

UK Self Assessment Tax Return guide.. Here are some of the most common reasons for filling in a tax return as listed below. Please note that the list is not exhaustive. If you are self-employed you always have to complete…

Good reasons to file your tax return early

It’s that time of year when HM Revenue & Customs (HMRC) are writing to taxpayers to remind them that they have to file their 2019 tax return by 31st January 2020 (or 31st October 2019 if submitting a paper return).…

Late Tax Return fines

Penalties for late tax returns… If you miss the deadline for filing your tax return online or paying your bill, you could face harsh penalties. You will be fined if you miss HMRC’s tax return deadlines – and under the…