Only FreeAgent accounting software lets business owners, landlords, accountants and bookkeepers file Self Assessment directly to HMRC.*
If employees exercise an EMI option and an income tax liability arises which is not taxed in full by the employer and paid through the PAYE system, then the employee will need to state the amount of income tax due in their self assessment tax return.What if I don’t want to sign the ...
NICs: You may owe National Insurance Contributions if classified as self-employment earnings. Capital Gains Tax: Selling the tokens later may incur Capital Gains Tax on any profit made. Staking Rewards: Rewards from staking liquidity provider tokens are also likely considered income and taxed accordin...
The letter will tell you if they’re looking into a particular aspect of your tax return or completing a full tax investigation. Your accountant may also be able to let you know why the investigation is happening. Any tax investigation usually starts within 12 months of the due date for the...
Making Tax Digital (MTD) is HMRC’s plan to digitise the tax system for VAT, Income Tax Self Assessment and Corporation Tax for businesses. MTD aims to make tax returns simpler and more efficient for everyone. What is MTD for Income Tax?
Tax Filing Deadline What is the deadline for filing my taxes? The deadline for filing taxes in the UK varies depending on the filing method. For individuals using self-assessment, the deadline... Read more Payment Options HMRC offers several payment options for your tax bill. You can choos...
Anyone who completes a tax self assessment will need a UTR to file their tax return. This applies if you’re self-employed or a sole trader, own your ownregistered company in the UK, or work with a business partner. If you’re not sure whether or not you need to submit a self asses...