Annual Investment Allowance Explained
A jargon-free guide to the annual investment allowance including how AIA works, what types of purchases qualify and how to claim it from HMRC
Self-Assessment
Self-assessment tips, advice and definitions for the UK self-employed, freelancers and sole traders
How to Pay Self Assessment Tax Through PAYE
If you are submit your tax return before 30 December and are employed you can elect to pay any outstanding tax through your PAYE code.
Sole Trader Tax Calculator
Use this sole trader tax calculator to estimate your self-assessment tax liability, including your payment on account.
Do I Need to Complete a Tax Return?
Read this guide to check whether you need to register with HMRC and complete an annual tax return form to declare your earnings.
Self Assessment Guides
From HMRC registration self-assessment, tax returns to deadlines, use these guides to take you through the basics every self-employed business owner needs to know when it comes to handling their taxes.
Tax Year Explained
What is the Tax Year in the UK? A tax year starts on 6 April and runs to 5 April. All the tax rates and allowances you see relate to a single tax year and most change on 6th April at the start of each new tax year. What is the 2019 Tax Year? The … Read more
What Happens if You Miss the Self Assessment Deadline?
HMRC said that over 958,00 taxpayers missed the self assessment deadline due on 31 January 2020. That’s nearly 10% of UK taxpayers who need to file a tax return! So if you are worried that you are going to miss the deadline then you are definitely not alone! So if you’ve missed filing your tax … Read more
What is Gift Aid and How Does it Work?
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.
How to Fill In Your Tax Return Online
In this step-by-step guide, you’ll find everything you need to know to fill in your tax return online and beat the HMRC deadline.
Income Tax Allowances and Reliefs
The main income tax allowances and reliefs that reduce the amount of tax you have to pay. The ones you can claim depend on your personal circumstances and business spending.