What is the dividend allowance and how much tax do I pay on my dividend income? Are dividends received in an ISA taxable? The dividend allowance allows shareholders to receive dividend income tax free. Dividends received in excess are taxed […]
HMRC will issue personal tax return penalties for late filing and late payment of any tax liabilities due. How are these penalties calculated? As Chartered Accountants and Tax Advisors, we strongly recommend that you file and pay your personal taxes
The 5 simple ways you can pay your personal tax liability. We go though each payment option, so you can decide the most convenient. Recap: Who needs to pay personal tax UK individuals who are registered for self-assessment must pay
With the Self-Assessment deadline less than 1 month away, HMRC have announced that 5.65 million tax returns are still outstanding. That is almost half of the expected 12 million tax returns due to be filed for the tax year 2024/25.
The marriage allowance is a tax-free benefit that many couples in the UK don’t claim. Here’s how you can claim your £252 tax rebate for the 2025/26 tax year and potentially up to £1,259 by backdating your claim. Don’t use
The HMRC Personal Tax Account (PTA) is a free, secure online service that enables individuals to manage their tax affairs with ease. Managing your taxes efficiently is crucial, whether you are an employee, self-employed, or a pensioner. In this blog,
HMRC Personal Tax Account: Benefits & Setup Guide Read More »
Missed the 31st January tax deadline? Here is our 5 point guide on how you can minimise your personal tax penalties. Recap:Personal tax penalties are charged for both late filing of the tax return and for late payment of any
The deadline for filing your 2023/24 tax return was 31st January 2025, but if you missed it, you’re not alone—around 1.1 million taxpayers have also failed to file on time this year. Unfortunately, missing the deadline comes at a cost.
Late Tax Return? Follow These 4 Steps to Avoid Bigger Penalties Read More »
Get Ready for Your Paper Tax Return: Key Deadlines and Tips The deadline for submitting your self-assessment tax return for 2023/24 on paper is approaching fast. Here’s what you need to know to avoid fines and get your taxes filed
If you own a furnished holiday let, important tax changes are on the horizon. Currently, furnished holiday lets qualify for Business Asset Disposal Relief (BADR), allowing property owners to benefit from lower Capital Gains Tax when selling. However, this beneficial