by admin | Mar 10, 2022 | Income Tax |
There are a number of tax reliefs available for self-employed taxpayers that make a trading loss. This includes a partners' share of partnership trading losses. There may also be restrictions if the claimant: worked for less than 10 hours a week on...
by admin | Mar 3, 2022 | Income Tax |
If you are an employee, you may be able to claim tax relief for using your own vehicle, be it a car, van, motorcycle or bike. There is generally no tax relief for travel to and from your place of work. The rules are different for temporary workplaces where the expense...
by admin | Feb 24, 2022 | Income Tax |
One of the announcements by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures to help those affected by COVID-19 using the existing Time to Pay service. Many businesses and self-employed people with outstanding tax liabilities...
by admin | Feb 17, 2022 | Income Tax |
HMRC is using Valentine’s Day to issue a reminder to married couples and those in civil partnerships to sign up for the marriage allowance – if they are eligible and haven’t yet done so. The marriage allowance applies to married couples and those in...
by admin | Feb 17, 2022 | Income Tax |
One of the less well-known ways of paying your Self-Assessment tax bill is to do so through your tax code. This can only be done where all the following apply: you owe a Self-Assessment balancing payment of less than £3,000; you already pay tax...
by admin | Feb 10, 2022 | Income Tax |
HMRC has confirmed that more than 10.2 million people submitted their 2020-21 Self-Assessment tax returns by the 31 January deadline. This leaves over 2.3 million taxpayers or 19% that have missed the deadline and are yet to file. Are you among those that missed the...
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