31st July 2020 payments on account deferred
Due to the coronavirus covid-19 situation, HMRC has just announced a deferment on the 31st July 2020 payments on account. Normally taxpayers pay their 2020 tax in two instalments – one on 31st January before the tax year finishes, and the second on 31st July afterwards. The 31st July 2020 payment on account is deferred […]
Tax help during Covid-19
During the current situation, I am available to help clients remotely: Meetings can be held through telephone or skype instead of in person. Documents can be scanned and sent to me either through email or by using an online service such as Dropbox. I am available to answer queries through email or you can use […]
Would you like to start a small business from home in 2020?
I launched my own business in 2006, helping others to do the same and to assist with their self-employed accounts and tax returns. Over the first ten years in business, I helped many hundreds of people and saw the same issues regularly occurring. That is why I launched my course in 2016, to help people […]
HMRC 31st January 2020 deadlines
As 2019 draws to a close, the upcoming holidays reduce the amount of time available to complete the 2019 tax returns and avoid fines. We have already passed the 31st October 2019 deadline to submit a paper tax return, so any returns submitted now must be done online to avoid an instant £100 fine. The […]
Explaining HMRC tax codes
If you have income taxed at source, such as from an employment or pension then you will receive a tax code (notice of coding) from HMRC. Tax codes look at your tax position and aim to collect the right amount of tax each month, so that the liability is correct at the year-end. There are […]
HMRC 31st October 2019 Tax Return Deadline
We have now passed the 5th October deadline to register for a 2018/19 tax return with HMRC. However, for those already registered with HMRC and issued with a notice to complete a tax return form, we are also rapidly approaching the 31st October 2019 tax return submission deadline. While the October deadline is intended for […]
5th October 2019 tax deadline
While people may remember the upcoming 31st October tax return deadline, and the 31st January one… often they forget about the 5th October deadline. If you have received untaxed income (such as from self-employment) in the year to 5th April 2019, then you must complete a 2018/19 tax return. In order for HMRC to issue […]
HMRC Main Residence tax changes from April 2020
If you have a taxable gain on a former main residence, there are 3 key changes to Main Residence tax relief planned to come into effect from 6th April 2020: The payment of any capital gains tax will be due within 30 days – I reported on this back in November 2018. The period qualifying […]
Small Business Saturday & #SmallBiz100 – 2019
Small Business Saturday will be held on 7th December 2019 in the UK. As part of the build up to the event, Small Business Saturday UK will be highlighting 100 small businesses. The #SmallBiz100 as they are known have, over the last 6 years, received exposure on Social Media as well as invitations to receptions […]
Explaining HMRC payments on account
Payments on account can often cause confusion due to both their calculation and the fact the payments straddle tax years. Basically, payments on account are just in-advance tax payments that are set against one future year’s tax liability. They are calculated based on the figures for the previous tax year, so unless the tax position […]
SA316 Notice to complete a 2019 tax return
HMRC has been issuing the notices to complete a tax return, for the 2019 year. The 2019 tax returns cover the year 6th April 2018 to 5th April 2019. Although there is a very final deadline of 31st January 2020 to submit the 2019 returns and avoid a fine, the goal should be to submit […]
HMRC 2019 Tax Return Form
One of the most common queries I receive is how to find the tax return form online…