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Self Employment Taxes

HMRC Overlap Relief

Overlap profits occur mainly when someone who is newly self-employed chooses an accounting period that is not the same as the tax...

HMRC Overlap Profits

When you are self employed you pay tax on your business profits according to the tax year (6th April to 5th April) you make...

What is an HMRC Basis Period

Definition of the HMRC Basis Period A basis period is a term used by HMRC referring to the time period on which someone who is...

6 Reasons to Submit a Tax Return, Even If You Don’t...

Taxes can be annoying - a pain to deal with and irritating to pay, especially when you read all the stories about the sneaky...

Do I Have to File a Tax Return Even If I...

Taxes can be time consuming and expensive to deal with. What can feel more frustrating is having to deal with filing a tax return...

Do I Need to Register My Blog as a UK Business?

According to Mediakix.com there are more than 440 million blogs in the world.  But are all these blogs registered as a business?  And how...

HMRC £1,000 Annual Tax Free Allowance for Trading & Property Income

From 6 April 2017 HMRC have launched two new £1,000 tax free allowances to help make the tax system easier. They are perfect for people...

Tax Advice for Self Employed Mobile Hairdressers

If self employment is new to you, it can be difficult to know where to start and what it all means.   Here I show...

VAT on Mileage Claims & Example

If a business is VAT registered then they can claim back VAT on mileage claims made since, generally speaking, you usually pay VAT at...

HMRC Advisory Fuel Rates 2017

The HMRC Advisory Fuels Rates are the amounts set out by HMRC that you need when: reimbursing employees for business travel in their company...