Income Tax

HMRC’s Annual Tax Summary

The Annual Tax Summary is a document provided by HMRC that provides details on the tax you pay and how

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Pay January tax by instalments

The deadline for submitting your 2019-20 Self-Assessment tax returns online is 31 January 2021. You

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Recent case re late filing appeal

The First-tier Tribunal (FTT) has dismissed a taxpayer’s appeal for having a reasonable excuse. The

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Coding out debts deadline

The coding threshold entitles tax payers to have tax underpayments collected via a tax code, provided

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Sale of income in exchange for capital amount

A capital sum received by an individual in respect of the sale or relinquishment of income derived from

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Less than 100 days to file your tax return

HMRC has published a news release to remind taxpayers that there is now less than 100 days to file their

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Carry back charitable donations

If you pay Income Tax at the basic rate no additional relief is due on your charitable donations.

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Starting rate of Income Tax for savings

In the current tax year, anyone with taxable income of less than £17,500 will have no tax to pay on their

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Time To Pay limits increased

One of the measures announced by HMRC at the start of the coronavirus pandemic was the introduction of

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31 October paper Self-Assessment filing deadline

The 2019-20 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2020. Due

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The rules for MTD for Income Tax

Making Tax Digital (MTD) will fundamentally change the way businesses, the self-employed and landlords

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When the cash basis is not available to a property business

The cash basis scheme helps landlords, sole traders and other unincorporated businesses to benefit from a

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