Submitting Your Tax Return by Paper

By Gary Robinson / June 28, 2025

Tax Return If you are looking to submit your tax return on papers the 31 October is the last day you can do this. If you have a tax return to submit this will then have to be completed online but you first need to register with HM Revenue & Customs online services first, the…

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Update on Tax Issues

By Gary Robinson / June 21, 2025

Mandatory payrolling of benefits delayed HMRC has confirmed that the mandatory payrolling of benefits in kind (BIKs) will be delayed to April 2027, giving businesses more time to get to grips with the process. Previously planned for April 2026, the change will require businesses to report and process income tax and Class 1A national insurance…

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July Tax Payment on Account

By Gary Robinson / May 30, 2025

July Tax Liability By now anyone who must make a payment on account towards their January 2026 tax liability should have paid this by 31 July 2025. This is meant for anyone who must complete a tax return and most of their income is not taxed at source e.g. self-employed, employed and self-employed. What Happens…

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Time to Pay Your Tax

By Gary Robinson / May 3, 2025

Paying Your Tax The tax return deadline approaching there will be some people among us that need to settle our tax liabilities by 31 January 2019. This comes at a time when some people will have cashflow problems as this is just after Christmas when the credit card bill have arrived and most of us…

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Tax Update

By Gary Robinson / April 5, 2025

Side-hustle reporting threshold increased The Government has announced plans to increase the threshold above which income from self-employment must be reported via self assessment. Currently, if you earn over £1,000 from self-employment, or a so-called ‘side hustle’ such as babysitting or dog walking, you need to report this income to HMRC by filing a self…

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Trading as a Limited Company

By Gary Robinson / February 22, 2025

Trading As a Limited Company If you decide that forming a private limited company is the best way to then you will first need to think of a name and this must a name that is not already being used you can check this out at Companies House https://www.gov.uk/set-up-limited-company. If the name is available, then…

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Claiming Rollover relief

By Gary Robinson / January 11, 2025

Rollover Relief When capital gains tax was introduced in 1965, it was recognised that where a person sells an asset used in a business and buys a new asset, tax would be due on any gain arising on the sale, but there may not be any sales proceeds left over to pay that tax. To…

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Tax Update

By Gary Robinson / December 21, 2024

Pensions to lose IHT exemption At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free. Currently, if a pension holder dies before the age of 75 their beneficiaries can generally inherit the remaining funds tax-free, whether as a lump sum or as income.…

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Rent a Room

By Gary Robinson / November 16, 2024

As hundreds of homeowners rent out their rooms and houses during the sporting events such as Wimbledon tennis championships, for up to £15,000 a week, it is important to pay the right tax to avoid penalties. This year’s tournament is seeing a very buoyant market with houses renting at up to £15,000 a week, four-to-five-bedroom…

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Double Cab Pickups

By Gary Robinson / November 9, 2024

Labour has ‘revisited the fiasco from eight months ago’ by making double cab pick up trucks taxable as personal vehicles when having a payload of more than one tonne After mass uproar caused by the Conservatives earlier this year when changing double cab pick up trucks to being treated as personal vehicles for tax purposes…

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