Paper Self-Assessment return deadline
The 2018-19 tax return deadline for taxpayers who continue to submit paper Self-Assessment returns is 31 October 2019. Late submission of a Self-Assessment...
18 Sep
Income Tax
Category Archives: Income Tax
04 Sep
Income Tax
Simplified expenses motor vehicles
There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there...
04 Sep
Income Tax
Simplified expenses use of home
If a taxpayer is self-employed and running a business from home, there are simplified expense rules available for claiming a fixed rate deduction...
28 Aug
Income Tax
How dividends are taxed
The dividend tax allowance was introduced in April 2016. It replaced the old dividend tax credit with an annual £5,000 dividend allowance with...
28 Aug
Income Tax
Blind Person’s Allowance
The Blind Person’s Allowance is an extra amount of tax-free allowance made available to those who are eligible. The allowance for the current...
20 Aug
Income Tax
When can you increase your rental income?
The ability to increase the rent on private rentals is driven by the tenancy agreement. This is an agreement between the landlord and...
14 Aug
Income Tax
Child Benefit charge if income exceeds £50,000
The High Income Child Benefit charge (HICBC) applies to a parent whose income exceeds £50,000 in a tax year and who is in...
14 Aug
Income Tax
How do you calculate adjusted net income?
To calculate adjusted net income, you will need to look at a taxpayer’s total taxable income, before personal allowances, and then deduct any...
30 Jul
Income Tax
Payments on account system glitch
The due date for making your second payment on account for 2018-19 was the 31 July 2019. The amount that was due for...
30 Jul
Income Tax
How to claim a personal tax refund
HMRC’s annual reconciliation of PAYE for the tax year 2018-19 is well under way. HMRC use salary and pension information to calculate if...