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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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Employed or Self Employed?
/in Employee, Employer, HMRC, National Insurance, PAYE, Self-employed, Tax advice, Tax agents/by TaxfileIf you work for someone else, it is important to know whether you are working for that person as employed or self-employed as an independent contractor. If you are the one having to employ somebody, it is your responsibility to correctly determine the employment status of that person. A worker’s employment status will determine the […]
Commercial letting of furnished holiday accommodation and tax
/in CGT, EEA, FHL, Furnished Holiday Lettings, Landlords, Lettings income, South London, Tax, Tax advice, Tax advisers, Tax agents/by TaxfileCommercial letting is defined as ‘let on a commercial basis and with a view to the realisation of profits’. Accommodation is furnished if the tenant is entitled to use of sufficient furniture. It will generally be necessary to calculate the furnished holiday lettings profit or loss separately from the rest of the rental business. If […]
Annual Investment Allowance
/in AIA, Annual Investment Allowance, Capital allowances, Capital gains tax, HMRC, Tax relief, writing down allowance/by TaxfileCapital allowances are set by the government at fixed rates at which a business can claim the expenditure on fixed assets against the taxable profit. From April 2008 the 50 per cent and 40 per cent first year allowances was replaced with a 100 per cent Annual Investment Allowance for capital purchases in any one […]
Deferred tax scheme for loss-making companies
/in Accountants, Corporation tax, Income tax, South London, Tax/by MarkOne of the better tax-related things to come out of the Chancellor’s recent budget is the potential help some struggling companies may receive from HMRC. Companies who anticipate making a trading loss in the current tax year may be allowed to take the anticipated loss into account earlier than previously possible, when scheduling payments of […]
HMRC launch ‘Tax Matters’ educational site
/in HM Revenue and Customs, HMRC, Tax/by Mark“Tax Matters” is the new educational website from HM Revenue & Customs, aimed particularly at young people aged between 11 and 19, although also being a resource for anyone wishing to learn more about taxation and public services. The main areas explored on the site are Income Tax, National Insurance and ‘Tax & Society’, an […]
London Employers – beat the 19 May deadline!
/in Accountants, Filing deadlines, London, Multilingual staff, Online returns, South London, Tax/by MarkIf you are one of London’s 165,000 employers, you only have a matter of days to meet the deadline for filing your Employer Annual Returns — the deadline is 19 May! Miss it and you could end up with a costly penalty for filing late. HM Revenue & Customs (HMRC) also requires large employers (that’s […]
Darling’s 2009 Budget
/in Budget, Tax/by TaxfileOn Wednesday of this week Chancellor of the Exchequer, Alistair Darling gave the Budget. We would like to present you some of the main points of the Budget: • VAT: the VAT rate, now 15%, will return back to the standard rate of 17.5% from 1st January 2010. • Companies’ loss carry back for business: […]
Statutory Sick Pay (SSP)
/in National Insurance, sick pay, SSP, Tax/by TaxfileStatutory Sick Pay (SSP) is a standard rate state benefit payable by the employer from the fifth day of sickness. The first three qualifying days of a period of incapacity for work are called waiting days and there is no SSP payment. In order to qualify for SSP you must meet the following conditions: • […]
Happy New Tax Year!
/in Dulwich, Multilingual staff, Tax, Tax agents, Tulse Hill/by TaxfileWith the new tax year just around the corner, Taxfile offers you the opportunity to save some money on your accountancy bill just by presenting this voucher when you come to see us in our office in Tulse Hill or Dulwich. So not only would you save money by getting this discount but also you […]
Taxfile-Jobseeker’s Allowance
/in Jobseeker's Allowance, JSA, South London, State Pension, Tax, Tax agents, unemployment/by TaxfileUnemployment figures are now showing that just over 2 million people in the UK are out of work, this unfortunately means that when you are out of work you are not earning. Fortunately there is an allowance where if you are unemployed and available for work, you could qualify for something called Jobseeker’s Allowance depending […]