The Autumn Budget 2024 #Budget2024 #AutumnBudget
Yesterday the Chancellor, Rachel Reeves, held The Budget. Unfortunately there were tax increases of £40bn announced. This was the greatest increase in taxes since 1993. Interest on unpaid/late taxThis is to increase by 1.5%, to a new rate of the
The benefits of completing your 2023/24 HMRC Tax Return early
Although the very final deadline to complete a 2023/24 personal tax return is 31st January 2025, leaving it until the last minute has many disadvantages. The paper tax return deadline is 31st October 2024, which is a good date to
How can I download the 2024 HMRC Tax Return Form SA100?
One of the most frequent queries I received was how to download the paper tax return form from HMRC, as people were unable to find this on their website. In the past, I would be able to give them the
The Spring Budget 2024
There were several announcements at the Spring Budget on 6th March: National Insurance contributions – There is to be a reduction to 8% for the Class 1 main rate of employee contributions. For the self-employed, the rate of Class 4 contributions
The end of the P11D employee benefit form
For many years one of the delays in completing a tax return has been waiting for the issue of the P11D form. P11D forms are issued to employees and detail the value of employment related taxable expenses during the last
The importance of HMRC’s 31st October 2023 tax return deadline
Why the 31st October 2023 and not 31st January 2024? Although the very final deadline to complete your 2022/23 tax return is 31st January 2024, that is also the same day that you have to make payment of any tax
Why Registering for Self-Assessment by October 5th 2023 is Important
As we are now in the last days few before October starts, there’s an important date that many individuals in the UK might not be aware of: October 5th, the deadline for registering for self-assessment. This date might not elicit
Remember Capital Gains Tax when selling a second property
Introduction Selling a second home can be a significant financial milestone, but it also comes with certain responsibilities that might catch you off guard if you’re not adequately prepared. One such obligation is dealing with Capital Gains Tax (CGT), which
Taxhelp celebrates 17 years in business
Taxhelp – helping individuals with their personal tax from 2006 to 2023 and beyond… In 2006, I embarked on an exciting new journey, starting my own small business. Just two years after its inception, the business transitioned into a limited
If you can’t contact HMRC – I can help you
Some shocking news was announced on 8th June 2024. With only four day’s notice, HMRC announced that they would be disconnecting their Self-Assessment telephone helpline for three months. The self-assessment helpline is to be closed from 12th June 2024 until
Nationwide £100 Bonus payments – Tax treatment
It is expected that there will be three million of these bonus payments made this year. For tax, they may have to be declared on the next tax return as they are classed as interest income. Depending on the total
2023 SA316 – HMRC Notice to complete a tax return
It is now time to start preparing the 2023 personal tax returns, which cover the year 6th April 2022 to 5th April 2023. You may receive a notice from HMRC, called a SA316, which confirms that they are expecting you
