Personal Tax & Self Assessment

IndividualsLimited CompaniesSole Trader or Partnership

The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. Here is an outline the key measures affecting

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IndividualsSole Trader or Partnership

Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers HM Revenue and Customs (HMRC) is waiving

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Sole Trader or Partnership

The government announced back in September that the introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is being delayed by one

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IndividualsSole Trader or Partnership

There are now less than 68 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers were required to complete

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Individuals

Employers use an employee’s National Insurance category letter when they run payroll to work out how much they both need to contribute. Most employees

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Sole Trader or Partnership

Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for

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Sole Trader or Partnership

The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date – the date to which accounts are prepared – falls between 31 March and 5 April. However, overlap profits can arise where a business

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IndividualsLimited CompaniesSole Trader or Partnership

New health and social care Levy to be introduced across the UK to provide extra cash to reform the Health and Social care systems

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IndividualsLimited Companies

As the result of recent increases in petrol and diesel prices, HMRC has increased the advisory fuel rates that apply for the reimbursement of

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Individuals

A thought-provoking question that has been asked by one of our readers is whether professional gambling is a trade or not. The answer to this question might surprise you. According to HMRC and reinforced by a number of court cases is the answer that

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Individuals

The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually, or when an employee’s circumstances change, and help employers work out how much tax to deduct

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Adrian Snell is a composer and singer-songwriter. He is also a music therapist and arts therapy consultant at Three Ways School, Bath. His musical

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