Income Tax

Claims to reduce payments on account

Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments

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5% late penalties apply from 1 April 2021

Self-Assessment taxpayers that failed to pay their outstanding tax liabilities or set up a payment plan

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Updating Self-Assessment tax returns

There are special rules to follow if you have submitted a Self-Assessment return and subsequently realise

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Rent-a-room relief

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their

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Tax-free property and trading income

Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you

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Reminder, what are badges of trade

The ‘badges of trade’ tests whilst not conclusive are used by HMRC to help determine whether an activity

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Spring Budget 2021 – Income Tax Rates & Allowances

It has been confirmed as part of the Budget announcements that the 2021-22 personal allowance will

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Marriage Allowance tax break

If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment

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Scottish Budget Statement 2021-22

Scotland’s Finance Secretary, Kate Forbes delivered her second Budget statement to the Scottish

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Claims to adjust payments on account

Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments

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Keeping pay and tax records

Following the 31 January 2021 deadline for submission of Self-Assessment tax returns for 2019-20, it can

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Did you miss the Self-Assessment deadline?

HMRC has announced that more than 10.7 million people submitted their 2019-20 Self-Assessment tax returns

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