Victoria Morter, ATT CTA
How much is tax on rental income?
Having a buy-to-let property, property portfolio or holiday let can be a lucrative way to earn additional income either as your main earnings or on the side. Here we cover the basics of tax on rental...
Find out moreYour guide to landlord tax and allowable expenses
Landlords who own residential property need to be aware of their tax reporting requirements throughout ownership.
Find out moreWhat to do if you miss the tax return deadline
The deadline for filing your 2022/23 self-assessment tax return online was 31st January 2024. The deadline for paper tax returns was 31st October 2023.
Find out moreTax for the self-employed
For self-employed individuals, the responsibility for reporting and paying the necessary tax relies solely on the individual. It is therefore important to understand what your obligations are and when...
Find out moreAm I due backdated child benefit?
We did not claim child benefit with our first baby as my partner was earning more than the threshold, which we believed made our household subject to the high income child benefit charge. I now unders...
Find out moreWho needs to file a tax return?
As your circumstances change, you must keep in mind that you may now be required to submit a tax return. The onus is on you to let HM Revenue & Customs (HMRC) know that you need to file a tax return....
Find out moreAutomatic Enrolment duties explained
Employers are required to comply with Automatic Enrolment legal duties, so it's important to know what is expected of all businesses and by when.
Find out moreWhat should I do if I miss the deadline for submitting my P11D?
I run my business through a limited company and have a car benefit. I was due to submit my 2022/23 form P11D but I have missed the deadline, what should I do?
Find out moreCan I save tax by running my business through a limited company?
I am a sole trader plumber and am wondering if I could save tax by running my business through a limited company? My taxable profits are around £60,000, and I anticipate they will remain at around thi...
Find out moreWhat are HMRC’s online Time to Pay arrangements for VAT?
I have an upcoming VAT payment due and I don’t have the funds to make the payment, what can I do?
Find out moreCapital gains tax on second homes
If you own multiple properties, you will need to be aware of the potential capital gains tax (CGT) liability and reporting which may be required should you sell one of your properties.
Find out moreDo I have to submit my P11D electronically?
I run my own company and I need to submit my 2023/24 form P11D for my car benefit, does this have to be submitted electronically?
Find out moreDirectors' Loan Accounts Explained
Taking money from the business for personal use when trading as a sole trade or partnership is usually straightforward and unless proprietors' drawings are a major drain on the business' assets, there...
Find out moreWhy should I do my self-assessment tax return early?
Are there any benefits to doing my tax return early, other than being organised?
Find out moreWhat are the inheritance tax rules if I live in a home I plan to give...
Will I be subject to inheritance tax if I continue living in my family home after I have gifted it to my children?
Find out moreA guide to paying freelance tax
How much tax are freelancers liable for and when do they need to pay it? Read our guide to how the UK tax system affects the self-employed.
Find out more