Book keeping Archives | Taxfile

UK Landlords: Is Your Portfolio Ready for the Digital Tax Revolution? (Making Tax Digital for Landlords)

Taxfile — Thu, 12 Jun 2025 10:03:20 +0000

Attention 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.

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A Brit’s Guide to Value Added Tax Returns

Taxfile — Thu, 23 May 2024 09:22:51 +0000

VAT — the three little letters that strike fear into the hearts of many a Brit. But fear not, fellow taxpayer! Today, we're taking a break from the spreadsheets and diving into the delightfully quirky world of UK VAT returns. Let's take a look.

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Need a Limited Company? Questions you may be asking yourself

Taxfile — Tue, 20 Oct 2020 15:43:25 +0000

“What are the main differences between being self-employed and running a limited company?” “What are the advantages and disadvantages of having a private limited company?” The major difference between running a private limited company and being self-employed are the administrative requirements you are required to do by law & although the volume is more, the […]

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Tax Time! Opening on Saturdays as of November.

Taxfile — Tue, 15 Oct 2019 13:42:21 +0000

Need Help Filing Your Tax Return? Make an Appointment to Beat the Rush! Your Self Assessment Income Tax for 2019-20 will need to be submitted and an initial payment be made to HMRC by no later than 31/01/2021. This means that you need to calculate your income tax for the period 06/04/2019 through to 05/04/2020. […]

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HMRC now see payments you receive via credit card!

Mark — Tue, 10 Sep 2013 15:29:53 +0000

On September 1st 2013 new legislation kicked in which allows HMRC automatic access to data showing payments made to businesses via credit card, going back as long as 4 years. HMRC will receive this information direct from the companies who process credit card payments on behalf of businesses (‘merchant acquirers’). No personal data identifying the […]

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New brochure available for download

Mark — Wed, 21 Nov 2012 20:19:54 +0000

Have you ever wondered what other services the Taxfile group can help you with? Well, find all the answers in the new downloadable brochure, which outlines services undertaken at the various different offices in both South London and Exeter, Devon. From accountancy and bookkeeping for SMBs to simple tax returns for individuals and right through […]

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Brussels wants to impose VAT on food & children’s clothes

Taxfile — Fri, 13 Jul 2007 07:23:00 +0000

The European Commission is trying to harmonise VAT rates across its member countries. In so doing it wants the UK to fall in line with a rate of at least 5% on food and children’s clothing. When it joined the EU in 1973 the UK had fought very hard not to have to charge VAT […]

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