This author has yet to write their bio.Meanwhile lets just say that we are proud Taxfile contributed a whooping 101 entries.
The Government has announced that, much like the furlough scheme, the Self-Employment Income Support Scheme (‘SEISS’) would be extended for a second period. If your business has been adversely affected as a result of COVID-19 on or after 14th July 2020 you will be able to make a claim from 17th August 2020 for the […]
Back in April, as a result of the Coronavirus pandemic, the Government announced the Self Employment Income Support Scheme (‘SEISS’), a taxable grant to support self-employed individuals and businesses affected by COVID-19. The deadline for claiming this initial grant has been set as Monday 13 July 2020. After this date you will no longer be […]
In an extraordinary measure to help its community, Wandsworth council has set up a Tax Return Support Scheme for those needing to do a 2018/19 tax return in order to qualify for the Self-employment Income Support Scheme (SEISS). In response to COVID-19, SEISS will provide direct cash grants worth 80% of trading profits up to […]
Rishi Sunak, the UK Chancellor of the Exchequer has announced the self-employed and those who run a business as a partnership are to receive 80% of earnings, calculated from the mean average of their trading profits for the 3 previous tax returns (2016/17, 2017/18, & 2018/19). The trading profit is the taxable profit that is […]
The new capital gains tax (CGT) rules will come into effect on April 2020, which will more than likely impact the sales of most additional properties in the UK. CGT is paid on profits from the sale of investment properties that are not the sellers main place of residence. The amount of CGT paid is […]
Need Help Filing Your Tax Return? Make an Appointment NOW! Your Self Assessment Income Tax for 2018-19 will need to be submitted and an initial payment be made to HMRC by no later than 31/01/2020. This means that if you need to calculate your income tax for the period 06/04/2018 through to 05/04/2019, time is running […]
IMPORTANT UPDATE! On 06/09/2019 HMRC announced that the Domestic Reverse Charge will be postponed for 12 months and will come into effect 01/10/2020. Their official statment; “To help these businesses and give them more time to prepare, the introduction of the reverse charge has been delayed for a period of 12 months until 1 October […]
HMRC expects people to do tax returns for various reasons; Those that have an income outside of a PAYE scheme (i.e. self-employed) High earners on PAYE schemes, earning above £100K Company Directors & Shareholders Landlords who have rental incomes The tax returns calculated generally run between the dates 06/04/xx through to 05/04/xy, the calculation, submission, […]
In December 2018, the Financial Action Task Force (FATF), an organisation founded on the initiative of the G7 to develop policies to combat money laundering, stated; ‘…the UK had a well developed & robust regime to effectively combat money laundering & terrorist financing. However, it needed to strengthen its supervision, & increase the resources of […]
HMRC delays the rollout of Making Tax Digital (MTD) for businesses & individuals beyond 2021: Even though MTD for VAT has been rolled out, the wider extension of the MTD scheme for individuals & businesses has been delayed till at least 2021. The Chancellor’s 2019 Spring Statement mentioned; “The focus will be on supporting businesses […]
Mon-Tues: 9-6
Wed-Thurs: 9-5
Fri: 9-3
Sat: 9-1 by appointment (Nov-Jan & Apr-Jun only)
LONDON OFFICE:
Taxfile,
25 Thurlow Park Road,
Tulse Hill, London
SE21 8JP.
Tel: +44(0)20 8761 8000
Email: info@taxfile.co.uk
EXETER OFFICE:
For accounting help and tax advice in Devon, the West Country and the South West, visit guybridger.com
