Changes are coming for anyone that pays Income Tax via Self-Assessment. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will be a requirement for anyone with a business and/or property income of more than £50,000 per year, from April 2026.
For many employees the COVID-19 pandemic changed their working arrangements. Suddenly the ‘office’ took on a new meaning and location, namely their own homes. Here we discuss the tax implications that anyone working from home should consider. Choice or...
With less than 3 months to go until the self-assessment deadline, now is the time to get started if you need to file a personal tax return, and with that in mind, we have prepared a beginners guide to self-assessment. Below you will find an overview of the process,...
NOV 2021 UPDATE: In the autumn budget, the Chancellor announced that the 30 day CGT deadline for reporting disposal of a property would be increased to 60 days. This change was effective from 27 October 2021. New rules for Capital Gains Tax on residential...
With Bitcoin and cryptocurrency featuring more prominently in the news of late, people are inevitably curious to understand more about these investments and specifically the tax consequences. One misconception is that profits are
It is of course so easy to put off your self-assessment tax return until later, perhaps even the last minute. However there are significant benefits to getting it done early and ensuring your tax affairs are up to date. Find out your Personal Tax Liability By filing...