LATEST POSTS
- Tax Refunds After Redundancy: Claiming Your Cash Back – A Taxfile Guide
- Decoding IR35: Your Guide to Contractor Tax Status
- UK Landlords: Is Your Portfolio Ready for the Digital Tax Revolution? (Making Tax Digital for Landlords)
- Companies House ID Verification 2025: A Director’s Guide to the New UK Rules
- CIS Sub-contractors – Claim Your Tax Refund Now!
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LONDON OFFICE:
Taxfile,
25 Thurlow Park Road,
Tulse Hill, London
SE21 8JP.
Tel: +44(0)20 8761 8000
Email: info@taxfile.co.uk
Tax Refunds After Redundancy: Claiming Your Cash Back – A Taxfile Guide
/in Redundancy, Tax, tax rebates, Tax refunds/by TaxfileIf you’ve recently lost your job and are wondering how tax refunds on redundancy payments work and are considering claiming back tax you may have overpaid, you’ve come to the right place. Being made redundant is a challenging time, both emotionally and financially. Amongst the many adjustments, understanding your tax position might feel like an unwelcome extra burden. However, here at Taxfile, we know that many individuals who experience redundancy are actually due a tax refund or tax rebate. So, we’re here to cut through the jargon and help you get back what you’re owed.
Decoding IR35: Your Guide to Contractor Tax Status
/in Employment Status, IR35/by TaxfileFor many independent professionals, the flexibility and financial benefits of contracting are a significant draw. However, navigating the complexities of UK tax legislation, particularly IR35 (Off-Payroll Working Rules), can be a daunting task. At Taxfile, we understand these challenges and are here to provide clear, actionable insights to help you manage your IR35 status effectively and ensure HMRC compliance. Click the link directly below to learn more…
UK Landlords: Is Your Portfolio Ready for the Digital Tax Revolution? (Making Tax Digital for Landlords)
/in Book keeping, Bookkeeping, HM Revenue and Customs, HMRC, Land and property, Landlords, Making Tax Digital, MTD, Self-assessment, Self-employed/by TaxfileAttention UK landlords! The way you manage your property finances and report to HMRC is undergoing a major transformation. Making Tax Digital for Income Tax Self Assessment (‘MTD IT’) is no longer a distant whisper – it’s becoming a reality, and Taxfile is here to help you navigate this essential change.
Forget the headache of last-minute annual Self Assessment tax returns! MTD for Landlords is designed to streamline your landlord tax obligations, demanding a shift to digital record keeping and MTD-compatible software. Don’t get caught unprepared – let’s explore everything you need to know about MTD for landlords and how to ensure a smooth transition.
Companies House ID Verification 2025: A Director’s Guide to the New UK Rules
/in 2025, Companies House, CT, Directors, Proof of Identity/by TaxfileA major change is coming for all UK company directors in 2025. Companies House is introducing mandatory identity verification and we’ve created this essential guide to explain what the new director ID verification rules mean for you, ensuring you stay compliant and avoid significant penalties.
These new measures are part of the Economic Crime and Corporate Transparency Act (ECCTA), a significant piece of legislation designed to improve the quality of data on the UK Companies Register and prevent corporate structures from being used for fraudulent activities.
This guide will walk you through the key changes, deadlines, and the exact steps you need to take.
CIS Sub-contractors – Claim Your Tax Refund Now!
/in 2023-24, 2024-25, Accountancy, CIS, Construction Industry Scheme, Dulwich, Income & Expenditure, Income tax, London, Personal allowance, Refund, South Circular, South London, Subcontractor, Tax, Tax refunds, Tulse Hill/by Mark[April 2025]: It’s now time to start the process of claiming your tax refund if you are a sub-contractor working within the Construction Industry Scheme (‘CIS’). Refunds are usually fast through Taxfile. What’s more, we’ve reduced our prices this year for CIS customers earning less than £40k (click here for details).
What you need to do
Don’t delay – book an appointment with Taxfile today or call 0208 761 8000 and we’ll sort it all out for you. We have staff who speak English, Polish, Pashto, Dari, Russian, Malayalam, and Dutch, should you need them on the day. Our Tulse Hill office is at 25 Thurlow Park Road, London SE21 8JP. Call 0208 761 8000 or book an appointment — the first 20 minutes is free! Alternatively, you can have a ‘virtual’ appointment with us on Zoom, Teams, Google Hangouts, Skype, FaceTime, WhatsApp or whatever you prefer.
We’re open from Monday to Saturday in April & May including early evenings on Mon/Tues
Our Tulse Hill office is open 6 days a week during April & May and offers Saturday morning appointments plus early evening appointments on Mondays and Tuesdays if standard office hours do not suit you (please see the footer of this website for details or simply call us).
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Lower Prices for CIS Clients – We’re on Your Side!
/in 2024-25, CIS, Construction Industry Scheme, Contractor, Self-assessment, Self-employed, Sole traders/by TaxfileAt Taxfile, we understand that the cost of living is hitting everyone’s pockets. That’s why we have taken bold action to make things a little easier for our valued CIS (Construction Industry Scheme) clients earning less than £40k. We are dropping our prices like never before! Now, you can benefit from our expert services for just £220 +VAT (£264). That’s right – we have slashed our prices by £55 to make sure you keep more of your hard-earned money where it belongs: in your pocket. Read on to learn more …
Stay Ahead of HMRC Compliance Checks for CIS Contractors
/in 2024-25, CIS, Construction Industry Scheme, HMRC, HMRC enquiry, HMRC investigation, Refund, Self-assessment, Self-employed, Sole traders/by TaxfileAs the new tax year approaches, CIS contractors must prepare for the upcoming 2024/25 tax return season. Last year we witnessed a significant increase in HMRC compliance checks delaying refunds, with many contractors being asked to provide detailed CIS pay/deduction slips and bank account transactions to verify their income.
At Taxfile, we are here to help you navigate these challenges and ensure your tax affairs are in order while offering you peace of mind with our unique HMRC investigation cover. Learn more …
Making Tax Digital for Income Tax: Your Friendly Guide
/in FreeAgent, HMRC, Income & Expenditure, Landlords, Making Tax Digital, MTD, Sage, Self-assessment, Self-employed, Software packages, Sole traders, Xero/by TaxfileTax. The very word can sometimes send shivers down your spine! But what if we told you there’s a way to make things a little less… taxing? Enter Making Tax Digital for Income Tax & Self-Assessment (MTD IT)!
Now, before you click away, hear us out. This isn’t about making tax more complicated. It’s actually about bringing your tax admin into the digital age, which in the long run, can save you time and reduce errors. What’s more, if you work through Taxfile, it could also save you money! Think of it as upgrading from paper maps to Google Maps for your finances!
The Cash Basis is Now the Default — Here’s What You Need to Know
/in Cash basis, Self-employed, Tax accountants, Tax accounts/by Guy BridgerBy Guy at Taxfile.
As of 6 April 2024, the cash basis is now the default method for most self-employed people to prepare their tax accounts. At Taxfile, we’re in favour of this change — not because it solves everything, but because it’s a move toward greater simplicity and transparency. In today’s post we explain what it is, its benefits, how it affects the self-employed, and how Taxfile can offer support through the changes.
Don’t Miss Out! Your Future Pension Needs YOU! – Check Your NI Contributions by April 5th, 2025
/in 2024-25, 2025, National Insurance, NI, NI Class 3, NIC, NIC's/by TaxfileHave you ever thought about your pension? It might seem far away, but it’s super important to start thinking about it now! One of the key things that helps build your future pension is your National Insurance (NI) contributions. In today’s post, we explain an important deadline that you won’t want to miss out on if you have gaps in your NI contributions and would like to potentially boost your state pension.