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- Information You Need to Supply for Professional Help with Your Tax Return
- 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
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Back Taxes: Filing Late Tax Returns
/in Tax/by TaxfileA record 9.45 million Self Assessment tax returns were filed on time this year, and a record 7.65 million (80.9 per cent of them were filed online, as per HM Revenue & Customs (HMRC).This means that for the first time in seven years 90.4 per cent of taxpayers met the deadline – an increase of […]
Newsflash: Tax return deadline extended
/in Deadline, HM Revenue and Customs, HMRC, Tax return/by MarkIt’s not often we receive good news from Her Majesty’s Revenue & Customs, but today is a wonderful exception! In case you haven’t yet heard, the penalty deadline for 2011 tax returns has now been extended to 2nd February 2012. This is due to industrial action at HMRC on the 31st January. (Information courtesy of Lynsey).
Problems with your tax return?
/in Tax returns/by MarkRunning out of time? We’re here to help! We know tax returns back to front! We can deal with the HMRC for you. Fixed fees from £160 + VAT. Simply call us on 0208 761 8000
Private tutors & coaches with undeclared tax liabilities
/in Tax/by TaxfileThe Tax Catch up Plan (TCP) is for people with any undeclared income, from tuition and coaching as a main or secondary income, on which the correct tax has not been issued. This is a great opportunity for a large number of South London residents who supply tuition in traditional subjects; instruction or coaching, fitness […]
New ISA rate
/in ISAs/by MarkIndividual Savings accounts (ISAs) allow people to save or invest up to a limited amount of money without paying money on the interest gained. In this year’s budget, Alistair Darling announced new limits for the ISA for the year starting on 6th April 2010. What this means for the savers is that instead of a […]
HMRC is phasing out paper VAT returns
/in VAT/by MarkFrom 1 April 2010, most VAT registered businesses will be required to submit all VAT returns online and make payments electronically. If your business either has an annual turnover of £100,000 or you register for the first time (or become legally required to register) on or after 1 April 2010, you will be required to […]
Tax Health Plan (THP)
/in Accountants, Disclosure, HMRC, penalty, taxpayer, THP/by TaxfileThe HM Revenue & Customs is offering a disclosure opportunity for medical professionals known as Tax Health Plan (THP). Under the plan, medical professionals have until 31 March 2010 to notify the HMRC that they will be making a disclosure of any undeclared tax bills. After which the full disclosure and payment of all outstanding […]
Ministers of religion and their allowable expenses
/in expenses, Tax/by TaxfileThere are certain expenses that you can claim as a minister of religion as long as they are incurred wholly and exclusively for the duties of the office or employment. • The cost of ministry journeys from one place of work to another. • Also allowable are related costs of accommodation and meals. • Maintenance, […]
31st January Deadline
/in Tax returns/by TaxfileIf you have not submitted your tax return to HM Revenue and Customs already, you must do it online by the end of this month. If HMRC receive your tax return after 31 January you will be liable for a late filing penalty of £100. But even if if you miss the deadline for your […]
PBR 2009 and the taxpayer
/in Budget, Tax/by TaxfileThe 2009 Pre-Budget Report was published on 9 December 2009. The Report covers a lot of issues but we will only focus on the ones affecting self employed individuals. According to the Pre-Budget Report 2009, the tax rates and thresholds for the year ended on 5th April 2011 will remain the same as the ones […]