Tax News and Tax Help Archives

  • Pay your Self Assessment tax bill

    Pay weekly or monthly You have the option to establish a Budget Payment plan, allowing you to make regular Direct Debit payments either on a weekly or monthly basis towards your upcoming Self Assessment tax bill. These payments will be utilized to offset your future tax bill, reducing the amount due at the payment deadline.+…

  • Marriage Allowance Guide

    Unlocking the Benefits of UK Marriage Allowance: A Guide Marriage is not only a union of hearts but also a partnership that comes with financial perks. In the United Kingdom, one such benefit is the Marriage Allowance, a tax relief measure designed to support married couples or those in civil partnerships. Understanding how this allowance+…

  • Crypto Currency for 2024 / 2025 tax year

    Crypto Currency: The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have cautioned cryptoasset investors to maintain accurate records to ensure they fulfill their tax obligations correctly. Investing in cryptoassets like Bitcoin, Ripple, and Ethereum has gained significant popularity, but there are concerns about public awareness regarding the tax responsibilities+…

  • VAT Squished

    A food company has secured a legal victory against UK tax authorities by successfully arguing that its marshmallows should not be subject to VAT as they are not classified as confectionery. The UK tax authority, HMRC, appealed a 2022 decision by the first-tier tribunal (FTT) that exempted Innovative Bites Ltd from a £472,928 VAT demand+…

  • Self Assessment Deadline

    Don’t Miss the Self Assessment Deadline: Register, File, and Claim Your Tax Refund Online Are you prepared for the upcoming self assessment deadline? Whether you’re a self-employed individual or have income outside of PAYE, staying on top of your tax obligations is crucial. In this guide, we’ll walk you through the steps to register for+…

  • Self Assessment Taxes

    Navigating HMRC Self Assessment: Your Guide to Taxes and Returns Are you ready to tackle your taxes with confidence? Understanding HMRC’s Self Assessment system is key to managing your personal finances efficiently. In this comprehensive guide, we’ll cover everything from using the HMRC tax calculator to navigating your self assessment login and maximizing your tax+…