by admin | Jul 13, 2023 | Income Tax |
The second payment on account for Self-Assessment taxpayers for the 2022-23 tax year is due on 31 July 2023. Taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first payment was due on 31 January 2023. The final...
by admin | Jul 13, 2023 | Income Tax |
There are special rules to follow if you have submitted a Self-Assessment return and subsequently realise you need to change it. For example, tthis can happen if you made a mistake like entering a number incorrectly or missed information from the return. If...
by admin | Jul 6, 2023 | Income Tax |
There are a number of reasons why you might need to contact HMRC about changes in your income. HMRC’s guidance states that this could happen because you: did not realise you needed to tell HMRC about it; were not sure how to declare it; or did not...
by admin | Jul 6, 2023 | Income Tax |
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take a taxpayer’s donation and, provided all the qualifying conditions are met, can reclaim the basic rate tax which provides an extra 25p...
by admin | Jun 29, 2023 | Income Tax |
The marriage allowance is available to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or does not pay tax above the basic rate threshold for Income Tax (i.e., one of the couples must currently earn less than the...
by admin | Jun 22, 2023 | Income Tax |
HMRC is currently writing to UK residents who were named in the leaked Pandora Papers and offering them the chance to regularise their tax affairs. The letters are being sent to UK residents named in the files of 14 offshore financial service providers. During...
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