tax
Putting Making Tax Digital for VAT into Practice
Although there has been much discussion over whether the start of Making Tax Digital for VAT will be delayed, there’s no sign of the initiative slowing down. This means the vast majority of VAT-registered businesses will have to comply with Making Tax Digital for VAT in respect of VAT periods beginning on or after 1 […]
How to change tax code: the complete guide
We’ve all been there at some point or another. Whether it’s because you’ve recently moved jobs, you’ve had a change to your personal allowance, or your marital status has changed, it’s an inevitability that you will need to change your tax code at some point. You may also need to check your tax code to ensure it’s correct and up to date. Even […]
Corporation Tax: What is it and what you should know
This guide takes you through the fundamentals of Corporation Tax in the UK, helping you make sense of a core component of business taxation and answering questions you might have. Whether you are a start-up encountering corporate tax for the first time, an established business looking to understand your finances better, or an accountant wanting […]
How to claim tax back
It’s payday. You look at your payslip, but something doesn’t appear to be right. You ask yourself: ‘Have I paid too much tax?’ The same may have happened when your Self Assessment calculation arrived from HMRC. It’s quite possible that, for one reason or another, you may have paid too much at some stage in […]
A simple guide to Capital Gains Tax
By Alan Gregory | 4th October 2021 | 8 min read While most taxpayers understand that their income is subject to Income Tax, many are not so certain how to treat a sale of a capital asset, such as a property (that’s not your home) or shares. What’s more, changes to Capital Gains […]
What is a tax return?
By Alan Gregory | 18th October 2021 | 5 min read It can be easy to become confused by all the jargon associated with tax returns, whether it’s trying to understand if a tax return is required, to deciphering when a tax return needs to be filed and any associated tax paid. This […]
Is it worth getting an accountant to do your tax?
By Alan Gregory | 7th December 2021 | 4 min read It’s no secret that tax can be confusing. However, there is a misconception that, if you need to file a self-assessment tax return, you must hire an accountant to prepare the return for you. This article discusses what it is exactly an […]