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Questions And Answers

Read our expert answers to your questions

Capital Gains Tax written on paper

I have sold a residential property but why do I have to report this to HMRC?

The last time I sold a residential property, it was almost two years before I needed to report the sale to HMRC and pay the capital gains tax. Why the urgency this time?

First published 20 Aug 2021 | Last updated 3 May 2024

SEISS calculator

How do I work out turnover to allow me to claim a fifth SEISS grant?

First published 27 Jul 2021
Last updated 13 Feb 2024

Business mileage

Claiming business mileage on a private car

First published 21 Jul 2021
Last updated 21 Jul 2021

VAT

Claiming input VAT after deregistration

First published 21 Jul 2021
Last updated 21 Jul 2021

Do I need to pay tax on bank interest that I have received?

Do I need to pay tax on bank interest that I have received?

First published 28 Feb 2020
Last updated 26 May 2021

Is it a hobby or a trade?

Is it a hobby or a trade?

First published 2 May 2019
Last updated 26 May 2021

Looking after staff

New employers and Auto Enrolment

First published 10 Aug 2017
Last updated 20 Sep 2022

Can I claim legal fees chasing payments as a tax deduction?

Can I claim legal fees chasing payments as a tax deduction?

First published 30 Oct 2019
Last updated 25 May 2021

Can I use the property allowance on rent I receive from my company?

Can I use the property allowance on rent I receive from my company?

First published 4 Oct 2019
Last updated 25 May 2021

I didn't pay any expenses or benefits - do I need to file a P11D/P11D(b)?

I didn't pay any expenses or benefits - do I need to file a P11D/P11D(b)?

First published 3 Jul 2019
Last updated 25 May 2021

Pensive barber

Making a taxable loss claim

First published 24 May 2021

Employer and employee

National Minimum Wage rate 2021

First published 23 Apr 2021

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