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Income Tax

12th October 2023

The 2022-23 tax return filing deadline for taxpayers who continue to submit paper Self-Assessment returns is 31 October 2023. Late submission of…

5th October 2023

The basis of assessment reforms will change the way trading income is allocated to tax years. The changes will affect sole traders…

5th October 2023

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. If you are using…

5th October 2023

There is an interesting anomaly that can affect taxpayers with homes in Scotland and other parts of the UK. Where this is…

28th September 2023

Taxpayers that need to complete a Self-Assessment return for the first time are required to notify HMRC. This is a final reminder…

14th September 2023

The Scottish rate of income (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. This means…

31st August 2023

Self-assessment taxpayers are usually required to pay their income tax liabilities in three instalments each year. The first two payments are due…

31st August 2023

The £100,000 threshold for Self-Assessment change for taxpayers taxed through PAYE only, increased from £100,000 to £150,000 with effect from 6 April…

31st August 2023

The gift aid scheme, which was originally introduced in 1990, allows charities to reclaim from HMRC the basic rate of Income Tax…

24th August 2023

There are a number of reasons why you might need to complete a Self-Assessment return for the first time. This includes if…

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