Trying to do your own tax return? You’re in the right place! In this collection of guides, you’ll learn some handy self assessment tips and tricks to make completing your return quicker and easier. Take a look and you find out about the basics of tailoring your tax return and how to fill in your return online as well as claiming allowances that will help to reduce your tax bill.
One of the common mistakes people make when they are filling in their tax return is forgetting to include bank interest. Here’s how to show it and how tax works on savings as well as the allowances available to reduce how much tax you pay.
If you’re filling in your tax return, the traditional accounting can benefit you in certain circumstances or cause you to pay more tax. Find out more about this way of accounting and alternatives if you think it is making you pay extra income tax.
Gift aid is a UK tax incentive scheme that allows charities to claim back an extra 25% on eligible donations made to them. In some cases, the taxpayer making the donation can also claim a tax rebate on their tax return.