Where is the 2023 HMRC SA100 Tax Return Form?
Every year, thousands of people use my website to locate the paper tax return form online, as it wasn’t easy to find on the GOV website. I have been posting a link each year to help people, but with very
Low cost IT recommendations for a one-person business
When starting a business, you are looking to maximise the return on your investment of cash as well as reduce the time spent on administration. I launched my starting a business course in 2016 and gave a list of recommended
Digital tax introduction postponed until 2026
It has recently been announced that the digital tax system introduction has been postponed from 2024 to 2026. Making Tax Digital for Income Tax Self Assessment (MTDITSA) is the new system that applies to those with income from either properties
Tax changes following the autumn statement 2022
On the 17th of November there were several changes announced that will affect tax for future years. Personal Tax & National Insurance bands The thresholds at which these apply are to be frozen at their current levels until
The Growth Plan September 2022
** Many changes announced in the Growth Plan have now been abandoned as below ** On Friday 23rd September, the previous Chancellor announced several plans that will affect individuals and the self-employed: 1% Reduction in income tax From April 2023,
Could completing your own 2022 tax return actually cost you money?
Sometimes people make the mistake of thinking they can try to save money by completing their own tax return, rather than engaging the help of a professional. Unfortunately, there are several areas to consider when looking at the costs of
HMRC Home working claim changes for 2023
As expected, HMRC has now changed the home working allowance claim regulations for the year to 5th April 2023. During the pandemic, there was a special allowance available where you could claim the fixed home working rate for a whole
The 2022 Paper Tax Return
The 2021/22 tax year ended on 5th April 2022, tax returns for that year can now be submitted. It is highly recommended that returns are completed as early as possible in the year, that way nasty surprises are avoided. By
National Insurance changes from July 2022
In the recent Spring Statement, several changes to National Insurance were announced. These are not straightforward, and this is further compounded by only applying part way through the new tax year – from 6th July 2022 onwards. The reason why
Making Tax Digital postponed until 2024
HMRC had been planning to start digital tax from 6th April 2023, however that has now been postponed until 6th April 2024. There have also been some further details of digital tax record-keeping. You do not have to input your
National Insurance increase from April 2022
From April 2022 the rate of National Insurance is to increase by 1.25%. This will apply to both employees(Class 1) and the self-employed(Class 4.) The increase won’t initially affect those above state pension age. However from April 2023 the increase
Dividend Tax Increase from April 2022
The rate of tax on dividend income is to increase from April 2022. At present, there is also a £2,000 annual tax-free allowance for dividend income. There have been no changes announced to this annual limit, however the rate of
