Higher rate tax payers Archives | Taxfile https://www.taxfile.co.uk/category/higher-rate-tax-payers/ Tax advice & accounting services for South London businesses & SMEs Thu, 13 Mar 2025 14:25:40 +0000 en-GB hourly 1 PAYE, 2021/22 Tax Thresholds, Employment Allowance & P800s https://www.taxfile.co.uk/2021/06/paye-2021-22-tax-thresholds-employment-allowance-p800s/ Tue, 08 Jun 2021 15:48:22 +0000 https://www.taxfile.co.uk/?p=5866 My name is Daniel and I have been a part of the Taxfile family since 2007. It started as a part-time job doing bookkeeping, but as time went on, I developed new abilities and a deeper understanding of the tax world. PAYE, VAT, and Company Register are now my areas of expertise. I understand how […]

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New: Tax Advice & Planning Service https://www.taxfile.co.uk/2018/02/new-tax-advice-planning-service/ Fri, 02 Feb 2018 12:55:24 +0000 http://www.taxfile.co.uk/?p=2761 New tax planning & tax advice service from Taxfile

You can now get tax planning and tax advice from Taxfile. We have highly experienced senior accounting staff who can give you the right tax advice when you need it most — for example, when your circumstances are changing, if you've had trouble keeping on top of your tax commitments and need to bring things up to date, or perhaps a friend or relative simply needs a bit of reassurance with regard to their tax situation. Perhaps you have assets or income abroad as well as income in the UK and want to make sense of your tax position. Or, perhaps you have recently made a tidy profit trading crypto coins like Bitcoin and want to know where you are from the standpoint of Capital Gains or Income Tax. Maybe you need to disclose income from property rental that you have previously not told HMRC about (more about that in a later post). Those are all examples of typical situations where our new Professional Tax Advice and Tax Planning services can help you to see the wood from the trees.

A Free Telephone Consultation

In the first instance, we are inviting clients to speak for just 15 minutes with one of our resident tax planning experts. This will be in the form of a free, introductory telephone call, perhaps in February or March if it suits you. We can then see what's needed and take it from there. We can, of course, discuss any costs with you before you commit to anything further, and there is no obligation.

Whether it's about labour taxes, investment taxes, business taxes, disclosures to HMRC or even professional help to support you during an HMRC tax investigation, we can make sense of all the options for you and — in a fair and ethical way — help to make sure you are paying no more tax than you should do. With decades of experience in accountancy and tax planning, we know exactly what's what when it comes to tax, so can definitely help you. Call 0208 761 8000 to arrange your free 15 minute telephone appointment with a tax expert, at a mutually convenient time. Alternatively,

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Hosts renting out rooms to be targeted by HMRC https://www.taxfile.co.uk/2015/09/hosts-renting-out-rooms-targeted-by-hmrc/ Wed, 23 Sep 2015 18:52:38 +0000 http://www.taxfile.co.uk/?p=1521 Hosts who rent out a spare room could soon see themselves being straddled with an unexpected tax bill if companies like ‘Airbnb’ are forced to share data with UK authorities. Airbnb, the website that allows you to list, find or rent a room in a private residence, has announced that it now has to share […]

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Highlights from the Chancellor’s Budget, 18 March 2015 https://www.taxfile.co.uk/2015/03/highlights-from-the-chancellors-budget-18-march-2015/ Thu, 19 Mar 2015 15:51:20 +0000 http://s168566730.websitehome.co.uk/Taxfile-WP-site/?p=1069 Along with some encouraging news about the UK economy, some interesting new measures were announced in the Chancellor’s Budget yesterday and below we highlight those which we feel will directly impact the majority of UK taxpayers: As widely forecast, the tax-free allowance will increase. The amount people can earn before paying tax will rise to […]

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The Shocking Truth about Tax on the Poor https://www.taxfile.co.uk/2014/06/how-much-you-pay-in-tax/ Fri, 20 Jun 2014 10:29:50 +0000 http://www.taxfile.co.uk/blog/?p=723 Have you ever wondered how much of one’s total income is taken up in tax? And I don’t mean just Income Tax. I mean in ALL taxes paid by ordinary taxpayers throughout the course of a year. Such a figure would need to take into account National Insurance (income tax in all but name, some […]

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The Chancellor’s Budget, March 2014 https://www.taxfile.co.uk/2014/03/budget-march-2014/ Thu, 20 Mar 2014 15:04:45 +0000 http://www.taxfile.co.uk/blog/?p=680 The Chancellor, George Osborne, has now presented his March 2014 Budget to Parliament. There was lots of talk about the economy, growth forecasts, supporting UK businesses and employment – as well as some obvious political spin bearing in mind the European and General Elections are just around the corner – however we thought we’d concentrate […]

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Assets hidden offshore? Not for long! https://www.taxfile.co.uk/2013/11/offshore-assets/ Sun, 17 Nov 2013 17:33:00 +0000 http://www.taxfile.co.uk/blog/?p=584 Financial information sharing now reaches the Cayman Islands, Isle of Man, Jersey and Guernsey. On November 5th, Her Majesty’s Revenue & Customs (‘HMRC’) announced that the Cayman Islands had joined the ever-growing list of offshore territories which will now automatically share financial information with them in respect to UK taxpayers who may have accounts there. […]

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Savings Income and Tax https://www.taxfile.co.uk/2008/06/savings-income-and-tax/ Sun, 22 Jun 2008 16:40:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=5 Savings income is added to your other income and taxed . Banks and building societies are required by law to deduct income tax at 20% from interest before they pay it to you. They pay this to HM Revenue & Customs. This is confirmed by the entry ‘net interest’ on your bank or building society […]

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Darling’s Increase in Personal Allowance https://www.taxfile.co.uk/2008/05/darlings-increase-in-personal-allowance/ Sat, 17 May 2008 10:41:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/05/darlings-increase-in-personal-allowance/ The Chancellor Alistair Darling has announced an increase in the personal tax allowance of £600 and an adjustment to the higher rate threshold (the total of the personal allowance and basic rate limit). According to the tax office we do not need to make any adjustments to our tax code numbers at the moment.The emergency […]

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