HMRC P800 Tax Computations
There has been a lot of interest in P800 Tax Computations issued by HMRC recently, so I am sharing below the video I shot back in 2013 about the subject. If you have very simple tax affairs the P800 computation
Capital Gains Tax 30 day payment
Announced this week in the Autumn Statement 2015 was the plan to change the payment date for Capital Gains Tax(CGT) on residential properties from April 2019 onwards. As gains on your main residence are currently tax-free then this will apply
Landlord identity verification for tenants
Following on from a limited trial – after February 1st 2016, the Right to Rent scheme will be extended across England. This means that all private landlords, or their agents, in England, including those subletting or taking in lodgers, will
Wear and tear let property expenses
We are still awaiting the final details of how this new relief will operate following the consultation process. It is expected that from April 2016 tax relief will be granted on actual replacement purchases made for the rental property(white goods,
Mortgage interest changes for let properties
It appears that there could be over 150,000 people affected by the change in rules, who may not be aware at present that it even affects them. The way that HMRC operates the upcoming reduction in tax relief means that
Upcoming 2015 Tax Deadlines
Now that we are into autumn, there are several upcoming tax deadlines relating to the 2015 tax return(covering the year to 5th April 2015): October – Tax Returns October is the first deadline month for submitting 2015 tax returns, it
Accepting payments via PayPal.Me
When clients pay for the service, the majority use direct bank transfer now. However, I have been a long time user of PayPal so that clients can also pay by card should they wish. With the launch of PayPal.Me, this
HMRC Working Together(WT) 2015
I was a member of the old working together(WT) scheme, which involved face to face meetings between representatives of the professional bodies and departments of HMRC. As part of HMRC’s ongoing move to digital the old style meetings have been
HMRC agent authorisation
In the past there was a form that the new client had to sign (64-8), which was then posted to a department within HMRC for processing. Unfortunately this process took a number of weeks, which could sometimes go over a
taxhelp.uk.com celebrates 9 years in business
I’d like to take this opportunity to thank our clients for their business over the last 9 years, and I look forward to many more years of helping the self-employed. In the last 9 years there have been many tax
Summer budget rental income tax changes
In yesterday’s summer budget there were three significant tax changes announced that will affect future rental income: 1) The tax relief on mortgage interest will be reduced. At present you can receive full tax relief for mortgage interest against a
Reducing your HMRC 31st July payment on account
The end of July sees the second HMRC payment on account becoming due for the year ended on 5th April. However if you have not completed your tax return yet then this amount will just be an estimate based on
