Free tax tips and advice for UK self-employed, freelancers and sole traders
An R38 form is used to claim a tax refund from HMRC by UK individuals who are registered for self-assessment or are employees paid through PAYE. Find out more about this tax claim form, where to find it and key information required when it comes to filling it out depending on income and employment status.
SURF 1 and SURF 2 letters are increasingly being issued by HMRC to individuals claiming a self assessment tax repayment. Find out more about these documents, as well as why they are issued.
Understand the P11d form, an example, who needs to fill it in as well as which tax and national insurance HMRC will expect to be paid.
Whether you are making a little money on the side filling in surveys, or running an e-commerce website on top of your day job, you want to make sure you are considering the tax implications of the extra money your side hustle brings in. That may sound a little daunting but it really doesn’t have …
Read more5 Ways To Keep Your Side Hustle On The Right Side Of HMRC
A P32 is an HMRC form used until 2013, when RTI submissions were introduced, to summarise income tax, student loans and national insurance owed by an employer to HMRC by each PAYE month along with details of things like statutory maternity pay and statutory sick pay.
Find out more about the P46 form from HMRC, when you get one as well as what it means for employers and new employees since being abolished.
A P6 from HMRC is a coding notice sent to employers with details of changes to an employees tax code, along with details of previous pay and tax deducted for a tax year.
The SA800 is the code given by HMRC to the partnership tax return. Find out more about this form and the information it contains.
Once you’ve decided to set up a partnership, then next question that often plays on peoples mind is ‘how does tax work’? If this question is at the top of your worry list, then this guide is for you. Here’s you’ll discover more about tax for partnerships, how you report earnings, how much you’ll pay and where you can find more reading on legally reducing your tax bill.
Understand the SA102 form which covers employment income for an individuals registered for self assessment and what needs to be included.